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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

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

#HotelivateReleases 𝗧𝗵𝗲 𝗦𝘂𝗽𝗽𝗹𝘆 𝗡𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲 𝗶𝗻 𝟮𝟬𝟮𝟯-𝟮𝟰 From phenomenal recovery to record-breaking performances, the story of the hospitality industry in India over the past 24 months has been pathbreaking. This strong showing has attracted interest from across all sectors. Fuelled by robust demand, the supply side has also experienced significant growth. This article analyses hotel signings and openings during the fiscal year 2023/24. 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗵𝗲𝗿𝗲👇 #HospitalityConsulting #Hotelivate #hospitality #TravelandTourism #HospitalityInvestment #SouthAsianHospitalityTrends #HospitalityInvestmentOpportunities #HospitalityInvestmentAsia #hotelmanagementcontract #hoteldevelopment #hotelreports #hotelindustry #hotelresearch

The hospitality sector in India experienced muted growth in the fourth quarter of FY24, particularly in terms of room revenues. While the sector saw new hotel signings in tier-II and tier-III cities, operational growth remained limited. RevPAR (revenue per available room) showed an 11.4% year-on-year increase in Q4 FY24, but the quarter saw only a 5.5% sequential growth, down from the 100.8% growth seen in FY23 due to the pandemic recovery. Hotel signings and occupancy levels remained strong, with significant contributions from branded hotel conversions and new hotel openings in smaller cities.

 The Indian Hotels Company Limited (IHCL) announced its comprehensive strategy for 2030.  Under the plan, IHCL will expand its brandscape, deliver industry-leading margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to 700+ hotels while building on its world-renowned service ethos. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum. Enabling this vision are long-term structural tailwinds for the sector including India’s forecasted GDP growth of over 6.5%, the government’s continued focus on infrastructure spend, hotel demand outpacing supply and the rising affluence of the consumer base.” He added, "IHCL will expand its brandscape with the launch of new brands, tapping the heterogeneous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its Consolidated revenue to INR 15,000 crores, scaling new and re-imagined businesses to 25%+ share of revenue and continue to generate industry-leading margins and return on investment, while maintaining its renowned service excellence.” Under ‘Accelerate 2030’, the focus will be on driving top-line growth with 75% from traditional businesses and management fees and 25%+ from new and re-imagined businesses. Read more: https://lnkd.in/gC_jBV_C Taj Hotels #IHCL2030 #HospitalityExcellence #PuneetChhatwal #Accelerate2030

Led by its iconic hospitality brand Taj, the Indian Hotels Company Limited (IHCL), India’s largest hospitality company, has announced its comprehensive strategy for 2030. Under the plan, IHCL will expand its brandscape, deliver industry- leading margins, double its connsolidated revenue to Rs 15,000 crore (with a 20% return on capital employed) and grow its portfolio to 700+ hotels (from present 350 hotels)while building on its world-renowned service ethos. India's largest hospitality company by market cap has earmarked Rs 5000 crore to achieve these goals in the next 5 years. Announcing the comprehensive strategy for 2030 in Mumbai, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum. Enabling this vision are long term structural tail winds for the sector including India’s forecasted GDP growth of over 6.5%, government’s continued focus on infrastructure spend, hotel demand outpacing supply and the rising affluence of the consumer base.” #hospitality #Indianeconomy The Indian Hotels Company Limited (IHCL)

Bengaluru leads hotel demand in India in Sept India’s hospitality sector displayed steady growth and stability in September 2024, with national occupancy rates holding firm compared to August, as per HVS Anarock’s Hospitality Monitor report. While some cities experienced robust increases, others faced slight declines, reflecting the nuanced demand dynamics within India’s hospitality landscape. Read More:- https://lnkd.in/gME8yUGv #HospitalityIndustry #HotelDemand #IndiaHotels #BengaluruHospitality #OccupancyRates #IndianTourism #HotelGrowth #TravelTrends #HospitalityReport #September2024

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

India hotels attract US$93 mn investment in H1 ’24: JLL The Indian hospitality sector continues to flourish, demonstrating resilience and robust growth in the first half of 2024, according to JLL’s latest Hotel Investment Trends report. With hotel investments reaching US$93 million, this marks a significant 22 per cent increase compared to the same period in 2023, reflecting renewed investor confidence and a strategic pivot towards the hospitality market. Read More:- https://lnkd.in/gRSZQ8D5 #HotelInvestment #HospitalityIndustry #IndianHotels #RealEstateInvestment #HospitalityGrowth #InvestmentTrends #IndiaMarket #JLLReport #BusinessGrowth #HotelSector

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