The Indian hospitality sector continues to flourish, demonstrating resilience and robust growth in the first half of 2024, according to JLL’s latest Hotel Investment Trends report. With hotel investments reaching US$93 million, this marks a significant 22 per cent increase compared to the same period in 2023, reflecting renewed investor confidence and a strategic pivot towards the hospitality market. “The first half of 2024 has paved the way for a dynamic hotel transactions landscape for the rest of the year, with the entire year’s forecasted volumes at US$413 million, a 22 per cent growth over 2023 volumes. The surge in investor interest for both—operating assets and land sales illustrate the attractiveness of the investment landscape, bolstered by favourable macro-economic factors, an expanding commercial market, and improved air connectivity,” Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL, said.
