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Time of India
3 days ago
- Business
- Time of India
India Hospitality Industry: India's Hospitality Industry Sees RevPAR Surge of 16.3% in Q1 2025, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App India's hospitality industry showed continued momentum in the first quarter of 2025, with Revenue Per Available Room (RevPAR) growing by 16.3 per cent year-on-year and 8 per cent compared to the previous quarter, according to the latest data from JLL. The report reflects both strong domestic travel activity and increasing investor recorded the highest RevPAR growth at 38.3 per cent , fuelled by high demand during the Aero India 2025 event. Delhi and Mumbai also showed strong performance, with RevPAR increases of 26.2 per cent and 21.3 per cent respectively. Chennai reported 18.7 per cent growth, supported by events like the Annual Leather Fair and USICON 2025. Hyderabad posted 15.1 per cent growth, largely driven by rates despite a marginal dip in quarter saw the addition of 31 branded hotels, contributing 3,253 keys to the market. Additionally, 79 new hotels were signed during the period, representing 9,478 upcoming rooms. These figures underscore the sector's expanding footprint and sustained investor to JLL, the Indian hospitality industry is projected to attract USD 1 billion in investments by 2028, up significantly from the USD 340 million recorded in hotel transactions in 2024. Among Q1's notable deals was Chalet Hotels Limited's acquisition of The Westin Resort & Spa, Rishikesh for approximately INR 530 quarter also featured strategic brand expansion, including Hilton's partnership with NILE Hospitality to bring 75 Hampton-branded hotels to India. Initial openings are expected in Gujarat, Rajasthan, Punjab, and Bihar by 2026.'India's hospitality sector continues to demonstrate exceptional resilience and growth potential, with Q1 2025 showing remarkable RevPAR growth across major markets, particularly Bengaluru's impressive 38.3 per cent increase,' said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. 'The robust pipeline of 79 new hotel signings this quarter reflects strong investor confidence in India's hospitality fundamentals.'The combination of strong short-term performance and a growing long-term pipeline indicates a positive trajectory for the sector as it aligns with broader economic development and evolving travel demand.
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Business Standard
3 days ago
- Business
- Business Standard
Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL
India's hospitality industry reported a 16.3 per cent increase in Revenue Per Available Room (RevPAR) in Q1 2025 compared to the same period in 2024, according to JLL. RevPAR also rose 8 per cent from Q4 2024 across India. During the quarter, 79 hotels with 9,478 keys were signed, indicating continued investor activity. This was in addition to 31 branded hotels comprising 3,253 keys commencing operations. Bengaluru recorded the highest RevPAR growth at 38.3 per cent, supported by the Aero India 2025 event. Delhi and Mumbai followed with 26.2 per cent and 21.3 per cent growth, respectively. Chennai registered an 18.7 per cent increase, aided by corporate travel and events such as the Annual Leather Fair and USICON. Hyderabad posted 15.1 per cent growth, driven by average daily rate increases despite a slight occupancy decline. As per the data, Maharashtra recorded the highest number of branded hotel openings with 836 keys, while Karnataka saw the highest number of branded hotel signings with 1,352 keys during the quarter. The upscale and midscale segments saw the maximum number of openings as well as signings. Data showed that in the quarter, the upscale segment saw 10 branded hotels with 843 keys being opened and 21 hotels with 2,734 keys being signed. The midscale segment saw 12 branded hotels with 934 keys being opened and 29 hotels with 2,821 keys being signed. Upper upscale and luxury followed close behind, with the economy segment lagging, witnessing only one hotel opening and six signings. The majority of branded hotel openings and signings were focused in tier 2 markets. Data showed that 15 branded hotels with 1,307 keys were opened and 50 hotels with 5,904 keys were signed solely in tier 2 markets — more than the combined volume in tier 1 and tier 3 markets. Transaction activity included Chalet Hotels Limited acquiring The Westin Resort & Spa, Rishikesh (141 keys) for approximately ₹530 crore. Strategic partnerships also featured during the quarter, including Hilton's agreement with NILE Hospitality to launch 75 Hampton brand hotels, with openings starting in 2026. 'The robust pipeline of 79 new hotel signings representing 9,478 keys this quarter reflects strong investor confidence in India's hospitality fundamentals. With JLL projecting USD 1 billion in investments by 2028, we are witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments,' said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. The projected growth is notable, given that India's hospitality sector saw $340 million in hotel transactions last year.
Time of India
3 days ago
- Business
- Time of India
India's hospitality sector expected to attract USD 1 bn investments by 2028: Report
India 's hospitality industry, which demonstrated remarkable growth during January-March 2025, is expected to attract USD 1 billion in investments by 2028, a substantial increase from the USD 340 million in hotel transactions recorded last year, a report said on Friday. The Revenue Per Available Room (RevPAR) surged 16.3 per cent during January-March this year compared to the same period last year, global commercial real estate and investment management company JLL said in a report. It said that the sector's strong performance continued sequentially as well with an 8 per cent RevPAR increase during October-December 2024 across India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Investor confidence remained high, with 79 new hotel signings, totalling 9,478 keys, during this three-month period, signalling sustained expansion in India's accommodation landscape, it stated. "India's hospitality sector continues to demonstrate exceptional resilience and growth potential, with Q1 2025 showing remarkable RevPAR growth across major markets, particularly Bengaluru's impressive 38.3 per cent increase. The robust pipeline of 79 new hotel signings representing 9,478 keys this quarter reflects strong investor confidence in India's hospitality fundamentals," JLL Managing Director, Hotels and Hospitality Group, India, Jaideep Dang said. Live Events With JLL projecting USD 1 billion in investments by 2028, the industry is witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments, he added. The report further revealed that Bengaluru emerged as the standout performer with an impressive 38.3 per cent year-on-year RevPAR growth, primarily driven by the Aero India 2025 event, which boosted both occupancy rates and average daily rates. Delhi and Mumbai followed with strong RevPAR growth of 26.2 per cent and 21.3 per cent, respectively, supported by robust occupancy levels. Chennai's hospitality market showed notable performance with 18.7 per cent RevPAR growth, attributed to increased corporate travel, the Annual Leather Fair, and the USICON event held at Chennai Trade Centre. Hyderabad also posted solid results with 15.1 per cent RevPAR growth despite a slight occupancy decline, demonstrating strength in rate growth. The development pipeline remained vigorous with 31 new branded hotels (3,253 keys) opening during January-March 2025, added the report.
Hans India
3 days ago
- Business
- Hans India
Indian hospitality sector's revenue per available room surges 16.3 pc in Q1
India's hospitality industry demonstrated remarkable momentum in Q1 2025, with RevPAR (revenue per available room) surging 16.3 per cent compared to the same period last year, a report showed on Friday. The hospitality sector's strong performance continued sequentially, with an 8 per cent RevPAR increase from Q4 2024 across pan-India markets. Investor confidence remains high, evidenced by 79 new hotel signings totalling 9,478 keys during this three-month period, signalling sustained expansion in India's accommodation landscape, according to the JLL report. Bengaluru emerged as the standout performer with an impressive 38.3 per cent year-on-year RevPAR growth, primarily driven by the 'Aero India 2025' event which boosted both occupancy rates and average daily rates. Delhi and Mumbai followed with strong RevPAR growth of 26.2 per cent and 21.3 per cent respectively, supported by robust occupancy levels. Chennai's hospitality market showed notable performance with 18.7 per cent RevPAR growth, attributed to increased corporate travel, the Annual Leather Fair, and the USICON event held at Chennai Trade Centre, the report noted. Hyderabad also posted solid results with 15.1 per cent RevPAR growth despite a slight occupancy decline, demonstrating strength in rate growth, the report noted. 'The robust pipeline of 79 new hotel signings representing 9,478 keys this quarter reflects strong investor confidence in India's hospitality fundamentals,' said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. The development pipeline remained vigorous with 31 new branded hotels (3,253 keys) opening during the January-March period. According to JLL, India's hospitality sector is on track to attract $1 billion in investments by 2028, a substantial increase from the $340 million in hotel transactions recorded last year. 'We are witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments," Dang added.
Kuwait Times
6 days ago
- Business
- Kuwait Times
India to develop advanced fighter jet prototype
BENGALURU: A full-scale model of India's Advanced Medium Combat Aircraft (AMCA) aircraft is displayed during the 15th edition of Aero India 2025 at Yelahanka Air Force Station. India's defense minister approved on May 27, a program to develop a prototype advanced fighter jet, the latest push to develop local arms production, and days after a conflict with arch-rival Pakistan. – AFP NEW DELHI: India's defense minister approved on Tuesday a program to develop an advanced fighter jet prototype, the latest push to boost local arms production, nearly three weeks after a conflict with arch-rival Pakistan. India, one of the world's largest arms importers, has made the modernization of its forces a top priority in the face of tensions with nuclear-armed Pakistan and China. Defense Minister Rajnath Singh approved the prototype of a 5th generation Advanced Medium Combat Aircraft (AMCA), the ministry said in a statement, calling it a 'significant push towards enhancing India's indigenous defense capabilities'. India's Aeronautical Development Agency (ADA) - a government agency under the Ministry of Defense responsible for aircraft design - is 'set to execute the program through industry partnership', it added. 'This is an important will be a major milestone towards aatmanirbharta ('self-reliance') in the aerospace sector'. India's arms purchases have steadily risen to account for nearly 10 percent of all imports globally in 2019-23, the Stockholm International Peace Research Institute (SIPRI) said last year. The world's most populous nation has deepened defense cooperation with Western countries in recent years, including the Quad alliance with the United States, Japan and Australia, as it slowly shifts away from its longstanding reliance on Russian military hardware. India signed in April a multi-billion-dollar deal to purchase 26 Rafale fighter jets from France's Dassault Aviation, adding to 36 already acquired, and replacing Russian MiG-29K jets. But Singh has also promised at least $100 billion in fresh domestic military hardware contracts by 2033 to spur local arms production. This decade India has opened an expansive new helicopter factory, launched its first homemade aircraft carrier, warships and submarines, and conducted a successful long-range hypersonic missile test. New Delhi eyes threats from multiple nations, especially Islamabad. India and Pakistan were engaged in a four-day conflict this month before a ceasefire was agreed on May 10. More than 70 people were killed in missile, drone and artillery fire on both sides. Pakistan claimed its Chinese-supplied jets had shot down six Indian aircraft. India has not officially confirmed any of its aircraft were lost, although a senior security source told AFP three jets had crashed on home soil without giving the make or cause. The fighting was triggered by an April 22 attack on tourists in Indian-administered Kashmir that New Delhi accused Islamabad of backing—a charge Pakistan denies. India is also wary of northern neighbor China, especially since a deadly 2020 clash between their troops. - AFP
