Xander Nijnens, Senior Managing Director, Head of Advisory & Asset Management Hotels & Hospitality, Asia-Pacific, JLL, shares insightful trends about the Indian hospitality industry and where it’s heading…
JLL
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Hotel transaction volumes in India in H1 2023 stands at USD 175 million: JLL
This was disclosed in JLL’s Hotel Investment Trends – H1 2023 report
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The hospitality sector witnessed 60.9% YoY Revenue Per Available Room (RevPAR) growth in Q4 2022: JLL
With Bengaluru witnessing the highest growth of 110.6% in RevPAR
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The Road Ahead
Jaideep Dang, MD, Hotels and Hospitality Group – India, JLL, world’s leading hospitality advisor, gives us a peek into what the future for the Indian hospitality industry looks like.
Posted inBusiness
Asia Pacific hotels industry attracts $8.5 billion of investment in 2021: JLL
This level of activity represented an increase of 39% over 2020 volumes, however, sales remained 40% below pre-COVID levels achieved in 2019
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JLL strengthens Asia Pacific team
Pierre Marechal has joined the firm as VP, Asset Management, Asia Pacific
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Indian hospitality sector witnessed 100.3% YoY RevPAR growth in Q4, 2021
According to JLL, RevPAR grew by 41.9% in Q4 2021 as compared to Q3 2021, due to ease in restrictions and increase in travel
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National Highways offer real estate opportunity across India, with returns at an upward of 15%: JLL
The land price appreciation in micro markets is expected between 60% to 80% in short term and 20% to 25% as facilities become operational across the National Highways
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Looking at 2021 not only with caution, but also optimism
RevPARs are likely to return to pre-COVID levels by the time the current greenfield hospitality projects reach the operations stage going forth
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India hotel investment trading volume declined 84% in 2020 as compared to the peak witnessed in 2019
According to JLL, previous years had seen promising and consistent growth in occupancy and average daily rate (ADR) levels across key cities world over. India was no different.