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Hospitality sector sees 4.8% RevPAR growth in Q2 ’24: JLL The Indian hospitality sector experienced a 4.8 percent YoY growth in Revenue Per Available Room (RevPAR) for Q2 2024, according to a report by JLL’s Hotel Momentum India. This growth was due to an increase in average daily rates across key markets, despite a decline in occupancy levels. Read More:- https://lnkd.in/gwNe_C6X #IndianHospitality #RevPARGrowth #HospitalityTrends #JLLReport #HotelIndustry #RevenueGrowth #Q22024 #HospitalitySector #HotelMomentum #ADRIncrease

#HotelivateReleases 𝐓𝐡𝐞 𝐇𝐨𝐭𝐞𝐥 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐈𝐧𝐝𝐞𝐱 (𝐇𝐕𝐈), now in its seventh year is released as part of the 𝐇𝐨𝐭𝐞𝐥𝐢𝐯𝐚𝐭𝐞'𝐬 2024 𝐈𝐧𝐝𝐢𝐚𝐧 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬. We have often noticed that the performance statistics of a market can often be skewed by the opening of new hotels, which may not have fully stabilised and can lower occupancy, average rate, or both. This is particularly true for rapidly emerging hotel markets like India. To better understand the performance of established assets, we selected a base of 100 hotels that have been operational since 2012 or earlier, serving as a reliable index for equitable year-over-year benchmarking across India. 𝐓𝐡𝐞 𝐇𝐨𝐭𝐞𝐥 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐈𝐧𝐝𝐞𝐱 (𝐇𝐕𝐈) 𝐜𝐚𝐧 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐚𝐧 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞 𝐦𝐞𝐚𝐬𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲'𝐬 𝐡𝐨𝐭𝐞𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲. 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 👇 https://lnkd.in/gZmNEQYd #HospitalityConsulting #Hotelivate #hospitality #TravelandTourism #HospitalityInvestment #SouthAsianHospitalityTrends #HospitalityInvestmentOpportunities #HospitalityInvestmentAsia #hotelmanagementcontract #hoteldevelopment #hotelreports #hotelindustry #hotelresearch #TrendsandOpportunities

🔆 Indian Hospitality Boom: 2706 New Rooms and a Rising Trend in Upscale & Premium Hotels! 🔆 Skye Hospitality's latest market analysis reveals a vibrant surge in India's hotel industry, with 2706 new rooms launched in the upscale and premium segments during the first half of 2024. Major brands like The Indian Hotels Company Limited (IHCL), ITC Limited, and Hyatt Regency are expanding their footprints, with significant developments in the West and East regions. "Occupancy rates have soared to 70-75%, driven by a surge in business events, leisure travel, and the rising popularity of staycations," says Ankit Kansal, MD of SKYE Hospitality. The government's supportive policies and infrastructure improvements are further fueling this growth, turning India into a top MICE destination. With a bullish pipeline and major expansions planned by brands like Taj Hotels, Vivanta by Taj, and Accor, the Indian hotel industry is set for a transformative phase. Don't miss out on the full report and future projections! 👉 Read the full article on our website: https://lnkd.in/gDEvJr42 Follow Hospitalitynews India on LinkedIn for the latest insights and updates! Authors: Nishang Narayan Nithyakala Neelakandan #IndianHospitality #HotelIndustry #SKYEReport #NewHotelRooms #LuxuryHotels #TravelTrends #MICE #BusinessTravel #UpscaleHotels #PremiumHotels #HospitalityGrowth #HotelExpansion #HospitalityNewsIndia #LinkedIn

India’s hospitality sector witnessed a promising start to FY24, with hotel transaction volumes in Q1 FY24 at US$78 million. In 2023, hotel investments in India reached US$401 million, which was nearly four times the volume witnessed in 2022. Last year also achieved a significant milestone of 22 hotel transactions, which is the largest number of assets traded in the last decade. In a conversation with The Economic Times, Jaideep Dang shared his perspective on how the diversified avenues of growth, such as expanding commercial office markets and rapid development of infrastructure throughout India, are playing a catalyst to the positive growth story of Indian hotels. #Hotels #Hospitality #IndiaRealEstate Anumeha Chaturvedi

Indian Hospitality Sector To Grow At 10.5% CAGR Read More- https://lnkd.in/e4ap7hyu #HospitalityGrowth #IndiaTourism #CAGR #MICEIndustry #DomesticTravel #ForeignTourists #HotelIndustry #Tier2Cities #EconomicGrowth #RoomSupplyDemand #AxisSecurities

The Indian hospitality sector’s performance in Q3 2024 (July-September 2024) was primarily driven by a rise in Average Daily Rate (ADR), resulting in a RevPAR growth of 10.8%. In terms of quarterly growth, the sector continued to mark its ascendancy, registering a positive RevPAR growth of 2% Q-o-Q in Q3 2024, compared to Q2 2024. For more insights, read JLL’s Hotel Momentum India (HMI) Q3, 2024. https://lnkd.in/g3VZ9X9D Jaideep Dang Harmeet Singh Bedi Roopa George Mehar A. #Hotels #Hospitality #Investments

The performance of the Indian hotel sector in 2023 mirrored optimism, with key performance indicators such as occupancy rate, average rate (ARR), and Revenue Per Available Room (RevPAR) witnessing significant growth. #HVSANAROCK #hospitality #growth

Indian hospitality sector sees 11.4% YoY RevPar growth in Q1 2024: JLL As the year progresses, the Indian hospitality sector is expected to maintain its growth trajectory, leveraging strong demand parameters and consumer confidence. The continued expansion into Tier II and III cities will play a crucial role in accommodating the rising travel demands across the country. #HRAWI #hospitalityindustry #hotelassociation #travelandtourism #hospitalityleaders #hoteliers #hospitalityevents #hospitalitynews #hotelmarketing #hotrelcareers #hoteltrends #restaurantnews

The performance of the Indian hotel sector in 2023 mirrored optimism, with key performance indicators such as occupancy rate, average rate (ARR), and Revenue Per Available Room (RevPAR) witnessing significant growth. #HVSANAROCK #hospitality #growth

The performance of the Indian hotel sector in 2023 mirrored optimism, with key performance indicators such as occupancy rate, average rate (ARR), and Revenue Per Available Room (RevPAR) witnessing significant growth. #HVSANAROCK #hospitality #growth