Tag Archives: Hotel Momentum India

Goa records highest RevPAR in Q1 2021, Bengaluru saw sharpest decline: JLL

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

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Domestic hotel brands signed more hotels in India than foreign brands in first half of 2019: JLL

Domestic hotel operators dominated signings over international operators with the ratio of 68:32 in the first half (H1) of this year, revealed the Hotel Momentum India (HMI) report released by JLL. The report revealed that 36 per cent of new signings are conversions of old hotels. Also, it was seen that Gujarat had the highest number of branded hotel signings (1593) amongst all states, while West Bengal had highest number of branded hotel openings (926) from January to June, 2019.

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