India's Hotels Post Revenue Surge - India Report

The Indian hospitality sector recorded 10.8% year-on-year growth in revenue per available room (RevPAR) in the July-September quarter this year, according to real estate services firm JLL. The surge was driven by a rise in average daily rates (ADR) of hotels, as the occupancy levels remained similar to the year before. 

The statement said that apart from a slight decrease in the ADR of hotels in Delhi and Goa, all other major markets, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, showed considerable growth. Hyderabad leads the list. 

“Backed by strong performance of hotels across India, we continue to see investors moving money in this asset class. There is strong momentum on both greenfield developments as well as operating assets across business and leisure markets,” said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.

During the quarter, 96 branded hotels comprising over 10,600 keys were signed. Nearly 2,000 rooms across 30 branded hotels