India's hospitality sector attracted $93 million investment in H1 2024

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India's hospitality sector attracted $93 million investment in H1 2024 - Business Standard

Quick Summary:

Tier-I markets such as Mumbai, Hyderabad, Pune, and Chennai had hotel signings with more than 250 keys due to strong domestic demand and rising commercial activity.

Management contracts accounted for the majority of signings with 89 per cent, followed by franchises at 8 per cent, and lease and revenue share agreements at 3 per cent.

JLL has already facilitated two significant transactions at the onset of the second half of 2024, comprising an operational hotel in Mumbai and a premium hotel land sale in Goa, he added.