The upper upscale hotel segment saw the highest number of keys changing hands in 2023: JLL

JLL India’s latest report ‘Hotel Investment Trends – India 2023 highlights the growth and positive start of the first quarter (Jan-March) of 2024 in the hospitality sector. It mentions that the upper upscale segment saw the highest number of keys changing hands, followed by the upscale, luxury, and midscale segments. The first quarter of 2024 witnessed a significant 80% Year-on-Year increase in hotel transaction volumes, reaching USD 78 million.