India’s hospitality sector has witnessed USD 175 million investment activity in H1, 2023: JLL

The hospitality sector in India has witnessed a noteworthy resurgence in hotel investment activity, according to JLL’s latest report. In 2022, the sector saw a total deal volume of USD 73 million (INR 580 crore), representing a significant upswing compared to the previous two years, which were affected by the pandemic. This positive trend has continued into the first half of 2023, with hotel transaction volumes reaching USD 175 million (INR 1432 crore).

Unlike 2021, which saw mainly consolidations in the hotel transactions landscape, the year 2022 displayed a variety of transactions, encompassing single asset deals and lease agreements for land for greenfield airport-terminal hotels. .In the first half of 2023, there has been a notable increase in investment activity resulting from NCLT (National Company Law Tribunal) proceedings, especially involving high-value assets burdened with debt in  strong performing markets like Mumbai and Bengaluru.