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Hotel boom: 34 new properties opened, transactions soar in Q2

34 hotels were inaugurated and 2,400 rooms were added to the organized hotel business in Q2 FY23, with over 80% of these properties in tier II and tier III cities.

Hotels see a 15 1% growth in ADR in Q3

Hotels see a 15 1% growth in ADR in Q3
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softbank: SoftBank partners Oravel to check into premium hotels

The Japanese conglomerate has partnered with Oravel Stays, the parent of hotel chain Oyo, to operate these hotels. Under a joint venture arrangement called ‘Mountainia the companies have drawn up a plan to open four- and five-star hotels under the ‘Sunday brand name across fast-growing tier two Indian cities, the people cited above said.

JLL Hotel Momentum India (HMI) - Quarterly Hospitality Monitor Q2 2023

Article - JLL Hotel Momentum India (HMI) - Quarterly Hospitality Monitor Q2 2023 - India’s hospitality industry has witnessed a growth of 15.4% in RevPAR from January to June (Q2 2023) over the same period last year.

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