Indian hospitality sector witnesses 11.4% YoY RevPAR growth in Q1 2024: JLL Hindustan Times
The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q1 2024 (January-March), primarily driven by the rise in Average Daily Rate (ADR) of 8.5% over Q1 2023, resulting in a RevPAR growth of 11.4%, a report by JLL has said. Branded hotel openings comprised 36 hotels with 2,316 keys, of which 75% of the total number of keys were in Tier II and III cities, including Jaipur, Indore, Surat, and Ayodhya, to name a few, the report noted.
