According to a recent report by property consultancy JLL, the Indian hospitality sector achieved a 15.4 per cent YoY revenue growth per available room in the initial quarter of the current fiscal year. This growth was supported by a 16.4 per cent increase in average daily rates. However, occupancy levels dipped due to the onset of summer holidays, resulting in a 16.6 per cent QoQ decline in revenue per available room. The upcoming quarter is optimistic about the impact of the G20 meetings taking place across various Indian cities. Additionally, the report highlights positive developments in hotel brands, with signings for both mid-market and luxury segments.
