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Tier-II and Tier-III cities like Ayodhya becoming the growth drivers of hospitality sector

India tier II and III cities such as Jaipur Indore Surat and notably Ayodhya are emerging as the growth drivers for the hospitality sector in India ....

Andhra Pradesh , Tamil Nadu , New Delhi , Uttar Pradesh , Madhya Pradesh , Jaideep Dang , Hospitality Group , Revenue Per , Average Daily Rate , Managing Director , Average Daily Occupancy ,

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, with continued growth expected in the second quarter driven by business travel and leisure demand. ....

Madhya Pradesh , Uttar Pradesh , Tamil Nadu , Andhra Pradesh , Jaideep Dang , Hospitality Group , Hotel Momentum India , Momentum India , Average Daily Occupancy , Managing Director , Average Daily Rate ,