New Delhi, May 22 -- The hospitality sector in India has experienced a muted growth in the fourth quarter of financial year 2024 when it comes to the room revenues being generated compared to the same period in 2023.

The sector, which has seen interesting developments in growth momentum with new hotel signings in tier II and tier III cities, has not registered a similar kind of growth on the operational side, where it has seen some slowdown.

According to a recent report by JLL, a real estate and hospitality consultancy, the RevPAR (revenue per available room) metric, which hoteliers utilize to gauge room yield based on occupancy rates, has grown by 11.4% during the last quarter of financial year 2024 (January to March).

The report said...