Government-led reforms to boost hotels sector growth

06 Dec 2019 Editorial Team

According to Hotel Momentum India (HMI) – Q3 2019, a hospitality monitor for the period July to September 2019 released by JLL Hotels & Hospitality Group, nine out of the top 11 markets witnessed a rise in RevPAR performance during the stated duration. An improving economic environment, growth in the number of offices, expansion of businesses and industry-friendly reforms, including GST reduction to 18 per cent for premium and luxury hotels, have all contributed to this growth across most top Indian markets.

According to HMI, while Mumbai ranked on top in absolute terms, Bengaluru led in RevPAR percentage change in both during the third quarter and YTD September 2019 over the same period last year. During the quarter, Bengaluru followed by Hyderabad and Gurugram witnessed the maximum change in ADR. Ahmedabad and Goa have been the only exception to the trend.

“The first nine months of the year (January-September 2019) have been exciting for the entire industry,” says Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.“While there have been some positive developments on the reforms front, the country’s strong and stable services sector continues to fuel the commercial real-estate market. This has a direct bearing on the hotels sector, which is highly dependent on the performance of the services industry across India’s top cities.”

HMIreports that branded hotel signings in the third quarter (July-September) of 2019 remained consistentcompared to the corresponding period in 2018, indicating stability in the market. During the same period, the country witnessed a total of 36 hotel signings, comprising 2,867 keys compared to 35 hotels comprising 3,422 keys. Upscale and midscale hotel brands that have contributed the maximum to signings during this period.

“The year 2019 is expected to end on a good note, both for real-estate markets and the hotels sector,” adds Dang. “Consistency in hotel signings suggests there is strong demand in the market.”

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

According to Hotel Momentum India (HMI) – Q3 2019, a hospitality monitor for the period July to September 2019 released by JLL Hotels & Hospitality Group, nine out of the top 11 markets witnessed a rise in RevPAR performance during the stated duration. An improving economic environment, growth in the number of offices, expansion of businesses and industry-friendly reforms, including GST reduction to 18 per cent for premium and luxury hotels, have all contributed to this growth across most top Indian markets. According to HMI, while Mumbai ranked on top in absolute terms, Bengaluru led in RevPAR percentage change in both during the third quarter and YTD September 2019 over the same period last year. During the quarter, Bengaluru followed by Hyderabad and Gurugram witnessed the maximum change in ADR. Ahmedabad and Goa have been the only exception to the trend. “The first nine months of the year (January-September 2019) have been exciting for the entire industry,” says Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.“While there have been some positive developments on the reforms front, the country’s strong and stable services sector continues to fuel the commercial real-estate market. This has a direct bearing on the hotels sector, which is highly dependent on the performance of the services industry across India’s top cities.” HMIreports that branded hotel signings in the third quarter (July-September) of 2019 remained consistentcompared to the corresponding period in 2018, indicating stability in the market. During the same period, the country witnessed a total of 36 hotel signings, comprising 2,867 keys compared to 35 hotels comprising 3,422 keys. Upscale and midscale hotel brands that have contributed the maximum to signings during this period. “The year 2019 is expected to end on a good note, both for real-estate markets and the hotels sector,” adds Dang. “Consistency in hotel signings suggests there is strong demand in the market.”

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

Infrastructure Urban

26 Jun 2026

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Infrastructure Energy

26 Jun 2026

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..