Skift Take
The Indian hotel industry could see more transactions, likely driven by debt pressure. Fortunately, larger profitable players will probably be willing to increase investments.
Real estate services company JLL estimates that by the end of this year, hotel transactions in India will amount to a total of $413 million. Last year, the industry saw investments worth $401 million.
According to JLL India managing director for hotels and hospitality group Jaideep Dang, the surge in investor interest is driven by favorable macroeconomic factors, expanding commercial markets, and improved air connectivity.
Earlier this year, JLL had noted that hotel investments in the Asia Pacific region, including India, are rising due to strong tourism rebound. It had noted that while established lead