India’s hospitality sector demonstrated impressive growth and resilience in 2024, maintaining investment levels comparable to the previous year. A total of 42,071 new hotel keys were added, according to a report released on Monday.
The year saw approximately 25 deals, mainly involving operational properties in both business and leisure destinations. High-net-worth individuals, family offices, and private hotel owners played a dominant role, contributing 51% of the transaction volume.
Listed hotel companies followed closely with 34%, while owner-operators and real estate developers made smaller, yet significant, contributions at 8% and 7%, respectively.
A key highlight of the report is the shift toward tier 2 and 3 cities, which now account for nearly half of all hotel transactions. This trend has helped expand the industry’s reach, bringing quality accommodations to previously underserved markets, including Amritsar, Mathura, Bikaner, and more.
