According to JLL, the Jan-March quarter saw 90 branded hotel signings with 9,710 rooms. 13 hotels were conversions, making up 12% of the inventory. Focus was on tier II and III cities, with 75% of the 2,316 keys from 36 hotel openings in Jaipur, Indore, Surat, Ayodhya, and others.
Branded hotel signings surge in Q1 2024 with 9,710 new rooms, tier II and III cities lead growth: JLL report
May 24, 2024
