Eight Indian cities witnesses increased RevPAR in Q4

According to a recent report by JLL India, eight out of eleven cities in India witnessed an increase in RevPAR performance in Q4 2018 over same period last year. While Mumbai is the RevPAR leader in absolute terms, Ahmedabad is the leader in RevPAR % change in Q4 2018 over same period last year. For CY 2018, Delhi is the leader in RevPAR growth change. All eleven markets witnessed increase in ADRs in Q4 2018, except for Kolkata. International hotel operators dominated signings over domestic operators with the ratio of 57:43. Importantly, 25% of new signings are conversions of old hotels. Rajasthan is the leading state in brand signings and Goa leads in hotel openings in Q4 2018.