106 branded hotels with 9,316 rooms opened in 2019 in India: HVS

The Hotels and Hospitality Overview India Report by HVS state that 106 branded hotels housing 9,316 rooms have opened in 2019 in India, while 223 hotels with 20,885 rooms have been signed during the same period. Also, according to HVS, hotel investments in India improved significantly in 2019, with the year setting a record for hotels transactions in the country.2019 witnessed transactions worth more than Rs 50 billion compared to just over Rs 5 Billion in the previous year. Transaction volumes have increased primarily on the back of opportunistic pricing of hotel assets.