Tag Archives: JLL

According to JLL’s Hotel Momentum India report the hospitality sector recorded a 4.8% growth in revenue per available room (RevPAR) in Q2 of 2024. Despite lower occupancy due to summer vacations, the industry expects a busy upcoming quarter driven by corporate travel and social events.

According to JLL’s latest Hotel Momentum India (HMI) Q4, 2022, Bengaluru emerged as the RevPAR growth leader in Q4 2022 with 110.6% growth over Q4 2021, followed by Mumbai and Delhi with a YoY growth of 105.3% and 94.3% respectively.

The Indian hospitality sector witnessed strong growth in Q2 (April – June) 2022, according to JLL’s Hotel Momentum India (HMI) Q2, 2022. Revenue Per Available Room (RevPAR) witnessed an exponential growth of 339.3 % year-on-year (YoY) in Q2, 2022 over Q2 2021.

Goa recorded highest RevPAR in absolute terms, despite the single digit decline of RevPAR by 1.1% in Q1 2021 as compared to Q1 2020, revealed JLL’s Hotel Momentum India (HMI) Q1 2021. The report highlighted that Bengaluru saw the sharpest decline of 60.6% in RevPAR compared to the same period of the previous year. High demand from domestic leisure travelers make Goa the fastest recovering market in absolute RevPAR terms

According to JLL, hotel conversions in India had seen a consistent increase, nearly doubling from 33 conversions in 2016 to 65 in 2019. However, the conversions plummeted to just 29 hotels in 2020 under the impact of the pandemic. The uncertainty in the market made existing or committed hotel owners adopt a cautious approach than take conclusive investment decisions.

JLL’s quarterly hospitality sector monitor – Hotel Momentum India (HMI) Q3 2020 – reveals that for the said period, international operators dominated hotel signings over domestic operators with the ratio of 53:47 in terms of inventory volume. There were a total of 24 signings in Q3 2020, totalling 2,314 keys.

According to a JLL report, Bengaluru’s hotel sector performance declined 59% in RevPAR in YTD July 2020 (YoY) but is expected to bottom out in Q4 2020 as domestic travel gains momentum. Occupancy was also down 53% YTD July (YoY).

JLL’s Q2 2020 performance trend chart revealed that Mumbai continues to be RevPAR leader in absolute terms despite the decline of RevPAR by 81% in comparison to Q2 2019. All key 11 markets in India witnessed a decrease in RevPAR Performance in Q2 2020 over the same period last year Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81% in Q2 2020 compared to Q2 2019 Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9% decline compared to the same period in the previous year. ‘Vande Bharat Mission’ remains a major demand generator for hotels in key cities. Total no. of signings in Q2 of 2020 stood at 7 hotels comprising of 673 keys, witnessing a decline of 83% of signings in terms of inventory over the same period last year. International hotel operators dominated signings over Domestic operators with the ratio of 63:37 in terms of inventory volume.

JLL’s Hotel Momentum India (HMI) Q2 2020, has revealed that Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9 percent drop compared to the same period in the previous year.

According to JLL’s report titled ‘Hotel Momentum India’ for Q2 2020, Gujarat had the highest number of branded hotel openings in Q2 2020 at 111. It also had 129 branded hotel signings in the same period.