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Indian hospitality sector witnesses 11.4% YoY RevPAR Growth in Q1 2024: JLL

In the first quarter of 2024, the Indian hospitality sector experienced positive growth, with a significant increase in Average Daily Rate (ADR) driving Revenue Per Available Room (RevPAR) up by 11.4% compared to the same period in 2023. This growth was fueled by a rise in corporate travel, weddings, and MICE demand. The sector also saw a 5.5% increase in RevPAR from the fourth quarter of 2023, supported by strong occupancy levels and ADR growth. The outlook for the sector remains optimistic, wi...
Madhya Pradesh Uttar Pradesh Tamil Nadu Andhra Pradesh Jaideep Dang Hospitality Group

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