Indian hospitality saw Y-o-Y growth in performance in Q1 2024 (Jan-March) driven by rise in ADR of 8.5%: JLL

The Indian hospitality sector continued to witness Y-o-Y growth in performance in Q1 2024 (Jan-March), driven by a rise in ADR of 8.5% over Q1 2023, resulting in a RevPAR growth of 11.4%. Major factors contributing to this growth included an increase in corporate travel, weddings, and M!CE demand at the end of the financial year (FY24).