Q3 2023 witnessed opening of 34 new hotels of which over 80% are in tier II and III cities: JLL

As per JLL, the Indian hospitality sector continued to witness YoY growth in Q3 2023. Though several hotel openings were slotted, development activity is likely to pick up in this last quarter. Out of 59 hotels comprising 4,669 rooms, 12 are conversions of existing.