India’s Hotel Sector Grows in First Three Quarters

• Looking at India’s hotel sector, JLL said contracts in mid-market and budget brands grew 74% between January and September 2022 as compared to the same period in 2019.
• Marriott International’s St. Regis Hotels and Resorts brand announced the opening of the St. Regis Goa Resort.
• Bengaluru-based real estate developer MS Ramaiah Developers and Builders plans to invest about Rs 1,100 crore over two years across real estate sectors in Karnataka, Goa, and Andhra Pradesh.

Looking at India’s hotel sector, JLL said contracts in mid-market and budget brands grew 74% between January and September 2022 as compared to the same period in 2019. There management contracts are largely for smaller hotels with about 50 rooms on an average in tier 2 and 3 cities. International operator signings went up 36% from 36 hotels with 4,794 rooms in […]