Ready, Steady, Go?

JLL India’s India Hospitality Industry Review 2017 shows that hotel markets are exhibiting signs of sustained growth

Over the last three years, hotel markets have started indicating signs of sustained growth, thereby, paving the way to an eventual recovery. This growth is attributed to a moderation in the development and opening of new hotels, complemented with stronger than average demand.

JLL India’s has released India Hospitality Industry Review 2017, an interesting report that provides a holistic viewpoint on various factors affecting this asset class in addition to the performance of top 11 markets of the country. It also brings out the reasons that make each one of them an important contributor to the overall performance of this discerning asset class. Here are excerpts from the report.

EXCEEDING EXPECTATIONS

India’s GDP grew 7.2% in the third quarter of FY 2017-18, exceeding expectations and grabbing back the place of the fastest growing economy from China on the back of a rebound in commercial activity driven by the manufacturing and construction sectors, as well as an expansion in agriculture.

India’s growth is projected to increase gradually to 7.4% by 2019-20 and the World Bank projects India’s economy to recover gradually with improvements in private investments through FDI Inflows, certain projections of inflation, external conditions remaining stable and no expected disruptions in the Manufacturing, IT/ITeS and construction industry are expected to pull the Indian economy together.