Tag Archives: HMI

According to JLL’s latest Hotel Momentum India (HMI) Q4, 2022, Bengaluru emerged as the RevPAR growth leader in Q4 2022 with 110.6% growth over Q4 2021, followed by Mumbai and Delhi with a YoY growth of 105.3% and 94.3% respectively.

Goa has emerged as the RevPAR leader in absolute terms in Q2 2021 with a growth of 360.1% as compared to the very low base of Q2 2020, revealed JLL’s Hotel Momentum India (HMI) Q2 2021. Additionally, Mumbai witnessed the highest growth in occupancy level registering 17.7% increase in Q2 2021 over the same period last year. Chennai witnessed 99.6% growth in RevPAR followed by Hyderabad with 89.6% increase compared to the same period of the previous year.

Goa recorded highest RevPAR in absolute terms, despite the single digit decline of RevPAR by 1.1% in Q1 2021 as compared to Q1 2020, revealed JLL’s Hotel Momentum India (HMI) Q1 2021. The report highlighted that Bengaluru saw the sharpest decline of 60.6% in RevPAR compared to the same period of the previous year. High demand from domestic leisure travelers make Goa the fastest recovering market in absolute RevPAR terms

JLL’s Hotel Momentum India (HMI) Q2 2020, has revealed that Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9 percent drop compared to the same period in the previous year.

Domestic hotel operators dominated signings over international operators with the ratio of 68:32 in the first half (H1) of this year, revealed the Hotel Momentum India (HMI) report released by JLL. The report revealed that 36 per cent of new signings are conversions of old hotels. Also, it was seen that Gujarat had the highest number of branded hotel signings (1593) amongst all states, while West Bengal had highest number of branded hotel openings (926) from January to June, 2019.