Corporate Travel, Weddings Drive Strong Quarter For Indian Hotels – India Report
Photo Credit: The momentum of the first quarter is expected to continue in the April-June quarter. Pixabay from Pexels
Skift Take
We are tracking the Indian hotel industry's strong performance in the first quarter, and the momentum is expected to continue. Also interesting: Smaller cities continue to get a lion's share of new developments.
The Indian hotel sector delivered a strong first quarter due to an increase in corporate travel and weddings, real estate services company JLL shared in its Hotel Momentum India report.
“During the quarter, there was a robust demand for hotel rooms in both business and leisure destinations. The occupancy levels in key business markets were strong,” the company said in a statement.
The momentum of the first quarter is expected to continue in the April-June quarter as business travel, conferences and meetings, and weddings are set to drive the busy period.
“The first quarter has set the ball rolling for the hotel sector’s strong performance throughout 2024. Healthy consumer sentiments and domestic corporate travel will continue to be
