Resort Momentum India – Quarterly Hospitality Observe This fall 2023 from JLL

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India’s hospitality business has witnessed a enlargement of 15.8% in RevPAR from October to December (This fall 2023) over the similar duration ultimate 12 months.

India’s hospitality business has witnessed a enlargement of 15.8% in RevPAR from October to December (This fall 2023) over the similar duration ultimate 12 months. Moreover, the field witnessed an important enlargement of 31% in RevPAR at pan-India degree in This fall 2023 as in comparison to Q3 2023. Overall no. of signings in This fall 2023 stood at 82 lodges with 8,741 keys. There have been 15 lodges signed that had been conversions of alternative lodges. Conversions constituted 14% of the stock signed in This fall 2023.

Hotel Momentum India Q42023

The Resort Momentum India (HMI) This fall 2023 outlines key insights from the field together with:

  • All six key markets endured to witness a year-on-year enlargement in RevPAR in This fall 2023, in comparison to This fall 2022 basically because of the pick-up in ADR ranges.

  • Mumbai was once the RevPAR chief in absolute phrases in This fall 2023 with a 16% build up in ADR ranges over This fall 2022.

  • Bengaluru noticed the steepest build up in RevPAR enlargement in This fall 2023, with a 31.9% enlargement in comparison to the similar duration within the earlier 12 months.

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