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Summary:

According to JLL, transaction activity in India's hospitality sector is expected to total Rs. 2,943.38 crore (US$ 340 million) by 2024. This follows Rs. 2,917.41 crore in 2023, Rs. 657.93 crore in 2022, and Rs. 95.23 crore in 2021. JLL facilitated 30% of the volume, amounting to over Rs. 865.70 crore (US$ 100 million). High-yielding hotels in Mumbai, Bengaluru, and Goa were among the transactions, with half taking place in tier-II and tier-III towns.

 

The investor landscape was diverse, with high-net-worth individuals (HNIs), family offices, and private hotel owners accounting for 51% of the total volume. Listed hotel companies followed at 34%, while owner-operators and real estate developers contributed 8% and 7%, respectively. Jaideep Dang, Managing Director of JLL India, stated that JLL had predicted Rs. 3,774.45 crore (US$ 436 million) in investment activity, though several significant deals were postponed until 2025.

 

Source: IBEF

 

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