Hospitality Sector Booms with $401 Million Investment in FY23

Hotel investments in India surged to $401 million in 2023, a four-fold increase from 2022. High Net Worth Individuals and Institutional Capital were key players, with 31% and 27% share respectively. Tier-2 cities showed increasing development interest, while Q1 2024 saw a 80% y-o-y rise in transaction volumes to $78 million. 2023 marked 22 hotel transactions and saw three hotel companies debuting on the stock market. Revenue share models and lease agreements also saw an uptick.

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