The Indian hospitality industry is on a roll. 2023 saw a record number of hotel signings and openings: 25,176 keys were signed and 12,647 keys were opened, taking the branded keys inventory to ~ 207,000, up from ~ 94,000 a decade ago, with a more equitable distribution across most segments, reports Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.
Hotel investments touched $401 million, nearly four-fold the volume witnessed in 2022. Last year also saw 22 hotel assets traded, the most in the previous decade, and three hotel companies successfully debuting on the stock market through their Initial Public Offerings...
