Key Points
Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022..
High Net Worth Individuals (HNIs) and Institutional Capital played a major role in hotel investments activity during 2023, accounting for the largest share at 31%..
There were greenfield projects, totaling approximately 13,600 keys in 2023, surpassing the figure from the previous year (8,000 keys), showcasing the enduring confidence of hotel developers in the long-term growth potential of the sector..
Furthermore, the report notes the emergence of tourism and leisure destinations as centers for Meetings, Incentives, Conferences, and Exhibitions (MICE) activities, with the signing of three large-format hotels with a total of approximately 900 keys...
The enthusiasm of the sector is further strengthened by performance of hotel stocks, which also gave confidence to a couple more hotel companies entering public markets and achieving strong valuations," said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL..
