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.

Get NewsPepper Short News App from Play Store

Share:

Related: