Articles tagged “jll”

In the July-September quarter, the occupancy remained consistent as last year, and the growth in revenue was driven by higher room rates: A positive sign indicating travelers' willingness to spend more on tourism.

Two back-to-back hotel deals in Bengaluru point towards a high investor interest. Behind this interest lie several factors that are making the city's hotel market lucrative.

The Indian hotel industry could see more transactions, likely driven by debt pressure. Fortunately, larger profitable players will probably be willing to increase investments.

Indian travelers now seek flexible accommodation options, and the alternative stay industry is racing to keep up with the demand. StayVista claims to bridge the trust gap that has historically plagued the sector.

With India's travel and hospitality industry thriving, it's the perfect moment for Leela to go public. The buzz around IPOs is definitely heating up, and more companies are feeling confident to jump into the market and raise funds.

A forthcoming report from JLL Hotels & Hospitality reveals that the state's top 10 lodging markets have consistently outperformed national averages for revenue growth.

2023 was a record year for Indian hospitality in terms of hotel investments as well as new branded hotel openings and signings.

As the Indian traveler drives demand to lesser explored domestic destinations, major brands are finding opportunities to grow in the Indian hinterlands.

Global hotel transactions hit the second lowest in a decade last year – only the exceptional 2020 pandemic year was worse.

It's not surprising that the Middle East is prioritizing hotel development to accommodate a growing influx of tourists. This proactive approach aligns with their broader economic and tourism strategies to foster long-term growth and competitiveness in the global tourism market.