India's hospitality sector surges: Multimillion-dollar investments and over 42,000 new hotel keys in 2024
Kolkata, April 14 -- India's hospitality sector demonstrated remarkable resilience and growth in 2024, maintaining investment levels on par with the previous year.
This robust performance, as reported by JLL's latest analysis, signals a strong recovery and expanding footprint for the industry across the subcontinent.
The year 2024 saw about 25 deals, primarily involving operational properties in both business and leisure destinations. What's particularly noteworthy was the significant shift towards Tier II and III cities, which accounted for nearly half of all hotel transactions. This trend has effectively broadened the industry's reach, bringing quality accommodations to previously underserved markets such as Amritsar, Mathura, Bikaner, a...
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