2018 saw around 201 signing of branded hotel properties

According to the HVS ANAROCK India Hospitality Review 2018, revealed that over 2016 and 2017, new hotel signings in the country remained in the region of ~170 signings, but in 2018, the industry set a record with signing of 201 hotels containing 19,128 keys, signalling a strong growth in investor sentiment. The branded hotel sector comprises of a collection of around 50 hotel companies, each actively competing to find mind share with hotel owners & developers, who are further looking to either convert or build a new property.