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Time of India
3 days ago
- Business
- Time of India
Family offices bet big on hospitality amid travel surge
ET Bureau Strong Fundamentals Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Family offices are increasingly channelling capital into hospitality, traditionally seen as a cyclical sector, but currently emerging as a core component of yield-driven portfolios, as India experiences rising demand for business and leisure a recent marquee transaction, a prominent Mumbai-based family office acquired a 130-key hotel in Manipal, Karnataka, for about ₹150 crore. The asset, currently nearing completion, will be housed under one of Indian Hotels Company 's (IHCL) upscale brands. In another deal, a business house promoter picked up a 190-room hotel in Kolkata. About six months ago, the family office of SanRaj acquired the 245-key Holiday Inn near Mumbai International Airport, underscoring a clear trend—private capital is pivoting to of hotel deals in India climbed to $167 million in the first half of 2025, from $93 million a year ago, according to JLL offices and HNIs, either directly or through wealth arms, comprised 54% of these deals, more than double of 26% in the year-ago period.'There is a clear shift from viewing hotels as trophy assets to treating them as structured, yield-generating investments built on strong brand affiliations and operator partnerships,' said Nandivardhan Jain, CEO of Noesis Capital Advisors, which has executed multiple hotel deals across Kolkata, Amritsar, Vithalapur, Khandala, Khopoli, Vadodara, and Chopra, head of family office solutions at Avendus Wealth Management, noted that hospitality assets, alongside student housing, are experiencing a boom, particularly in tier-2 locations. 'Hotel investments offer a unique combination of depreciation cover, stable rental income, and long-term capital appreciation,' he growing appeal of hospitality assets is backed by strong fundamentals. India's total hotel transaction volume grew at steady pace to $340 million in 2024, from $337 million in robust activity in the first half of 2025, JLL forecasts volumes to accelerate and touch $400 million by December-end.'We anticipate the momentum seen in H1 2025 to sustain through the rest of the year,' said Jaideep Dang, managing director, hotels and hospitality group, India, JLL. Significantly, family offices—from being passive observers—are emerging as key drivers of deal-making in the hospitality like Manipal, with their expanding university ecosystems and regional healthcare hubs, are experiencing a surge in domestic travel and room demand. Analysts highlight limited branded supply in tier-2 cities like Manipal as a compelling opportunity for both greenfield and brownfield traditional real estate, hospitality assets demand deep operational alignment and brand partnerships. Once considered a high-risk segment reserved for large, diversified conglomerates, hotels are now firmly on the radar of family offices looking for stable income and long-term value creation.'We expect at least ₹5,000 crore of family-office capital to flow into Indian hotels over the next 2-3 years,' said initiatives aimed at promoting tourism, coupled with a rising domestic consumption story, have further bolstered investor confidence in hospitality as a strategic asset class. With rising RevPARs (revenue per available room), inadequate new supply in several micro-markets, and improving occupancy levels, experts say hotels will continue to attract private capital.
Skift
03-06-2025
- Business
- Skift
India's Hotel Boom: Surging Room Revenue and Global Investment
With close to 80 signings and more than 30 openings, the Indian hotel industry had a strong momentum during the first three months of 2025. It remains to be seen how geopolitical disruptions affected the sector in the coming months. India's hotel industry recorded strong growth in the first quarter of 2025, according to real estate firm JLL: The sector's revenue per available room (RevPAR) was up 16.3% year-on-year and 8% from the previous quarter. During the quarter, 79 new hotels were signed with nearly 9,500 keys, and 31 new branded hotels opened, accounting for over 3,200 rooms. Bengaluru alone had a 38.3% year-on-year surge in RevPAR during the January-March quarter, driven by higher occupancy and average daily rates due to the Aero India 2025 event. Delhi and Mumbai both recorded a 20% jump in RevPAR. Increase in Investments: According to the real estate firm, the quarter signals a sustained growth in the accommodation space in India as investor confidence rises. JLL estimates that the country's hotel sector is likely to attract $1 billion in investments by 2028, up from $340 million recorded in hotel transactions last year. 'We are witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments,' said Jaideep Dang, managing director, Hotels and Hospitality Group India at JLL. JLL noted that in the first quarter of the year, notable transaction activity has already taken place: Chalet Hotels acquired 141-key The Westin Resort & Spa, Rishikesh for approximately INR 5.3 billion ($62 million). The investment landscape in the sector is heating up. Last month, Marriott International announced its first direct investment in the Indian hotel sector with a 'small equity investment' in hotel management fir
Time of India
30-05-2025
- Business
- Time of India
India Hospitality Industry: India's Hospitality Industry Sees RevPAR Surge of 16.3% in Q1 2025, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App India's hospitality industry showed continued momentum in the first quarter of 2025, with Revenue Per Available Room (RevPAR) growing by 16.3 per cent year-on-year and 8 per cent compared to the previous quarter, according to the latest data from JLL. The report reflects both strong domestic travel activity and increasing investor recorded the highest RevPAR growth at 38.3 per cent , fuelled by high demand during the Aero India 2025 event. Delhi and Mumbai also showed strong performance, with RevPAR increases of 26.2 per cent and 21.3 per cent respectively. Chennai reported 18.7 per cent growth, supported by events like the Annual Leather Fair and USICON 2025. Hyderabad posted 15.1 per cent growth, largely driven by rates despite a marginal dip in quarter saw the addition of 31 branded hotels, contributing 3,253 keys to the market. Additionally, 79 new hotels were signed during the period, representing 9,478 upcoming rooms. These figures underscore the sector's expanding footprint and sustained investor to JLL, the Indian hospitality industry is projected to attract USD 1 billion in investments by 2028, up significantly from the USD 340 million recorded in hotel transactions in 2024. Among Q1's notable deals was Chalet Hotels Limited's acquisition of The Westin Resort & Spa, Rishikesh for approximately INR 530 quarter also featured strategic brand expansion, including Hilton's partnership with NILE Hospitality to bring 75 Hampton-branded hotels to India. Initial openings are expected in Gujarat, Rajasthan, Punjab, and Bihar by 2026.'India's hospitality sector continues to demonstrate exceptional resilience and growth potential, with Q1 2025 showing remarkable RevPAR growth across major markets, particularly Bengaluru's impressive 38.3 per cent increase,' said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. 'The robust pipeline of 79 new hotel signings this quarter reflects strong investor confidence in India's hospitality fundamentals.'The combination of strong short-term performance and a growing long-term pipeline indicates a positive trajectory for the sector as it aligns with broader economic development and evolving travel demand.
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Business Standard
30-05-2025
- Business
- Business Standard
Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL
India's hospitality industry reported a 16.3 per cent increase in Revenue Per Available Room (RevPAR) in Q1 2025 compared to the same period in 2024, according to JLL. RevPAR also rose 8 per cent from Q4 2024 across India. During the quarter, 79 hotels with 9,478 keys were signed, indicating continued investor activity. This was in addition to 31 branded hotels comprising 3,253 keys commencing operations. Bengaluru recorded the highest RevPAR growth at 38.3 per cent, supported by the Aero India 2025 event. Delhi and Mumbai followed with 26.2 per cent and 21.3 per cent growth, respectively. Chennai registered an 18.7 per cent increase, aided by corporate travel and events such as the Annual Leather Fair and USICON. Hyderabad posted 15.1 per cent growth, driven by average daily rate increases despite a slight occupancy decline. As per the data, Maharashtra recorded the highest number of branded hotel openings with 836 keys, while Karnataka saw the highest number of branded hotel signings with 1,352 keys during the quarter. The upscale and midscale segments saw the maximum number of openings as well as signings. Data showed that in the quarter, the upscale segment saw 10 branded hotels with 843 keys being opened and 21 hotels with 2,734 keys being signed. The midscale segment saw 12 branded hotels with 934 keys being opened and 29 hotels with 2,821 keys being signed. Upper upscale and luxury followed close behind, with the economy segment lagging, witnessing only one hotel opening and six signings. The majority of branded hotel openings and signings were focused in tier 2 markets. Data showed that 15 branded hotels with 1,307 keys were opened and 50 hotels with 5,904 keys were signed solely in tier 2 markets — more than the combined volume in tier 1 and tier 3 markets. Transaction activity included Chalet Hotels Limited acquiring The Westin Resort & Spa, Rishikesh (141 keys) for approximately ₹530 crore. Strategic partnerships also featured during the quarter, including Hilton's agreement with NILE Hospitality to launch 75 Hampton brand hotels, with openings starting in 2026. 'The robust pipeline of 79 new hotel signings representing 9,478 keys this quarter reflects strong investor confidence in India's hospitality fundamentals. With JLL projecting USD 1 billion in investments by 2028, we are witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments,' said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. The projected growth is notable, given that India's hospitality sector saw $340 million in hotel transactions last year.
Time of India
30-05-2025
- Business
- Time of India
India's hospitality sector expected to attract USD 1 bn investments by 2028: Report
India 's hospitality industry, which demonstrated remarkable growth during January-March 2025, is expected to attract USD 1 billion in investments by 2028, a substantial increase from the USD 340 million in hotel transactions recorded last year, a report said on Friday. The Revenue Per Available Room (RevPAR) surged 16.3 per cent during January-March this year compared to the same period last year, global commercial real estate and investment management company JLL said in a report. It said that the sector's strong performance continued sequentially as well with an 8 per cent RevPAR increase during October-December 2024 across India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Investor confidence remained high, with 79 new hotel signings, totalling 9,478 keys, during this three-month period, signalling sustained expansion in India's accommodation landscape, it stated. "India's hospitality sector continues to demonstrate exceptional resilience and growth potential, with Q1 2025 showing remarkable RevPAR growth across major markets, particularly Bengaluru's impressive 38.3 per cent increase. The robust pipeline of 79 new hotel signings representing 9,478 keys this quarter reflects strong investor confidence in India's hospitality fundamentals," JLL Managing Director, Hotels and Hospitality Group, India, Jaideep Dang said. Live Events With JLL projecting USD 1 billion in investments by 2028, the industry is witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments, he added. The report further revealed that Bengaluru emerged as the standout performer with an impressive 38.3 per cent year-on-year RevPAR growth, primarily driven by the Aero India 2025 event, which boosted both occupancy rates and average daily rates. Delhi and Mumbai followed with strong RevPAR growth of 26.2 per cent and 21.3 per cent, respectively, supported by robust occupancy levels. Chennai's hospitality market showed notable performance with 18.7 per cent RevPAR growth, attributed to increased corporate travel, the Annual Leather Fair, and the USICON event held at Chennai Trade Centre. Hyderabad also posted solid results with 15.1 per cent RevPAR growth despite a slight occupancy decline, demonstrating strength in rate growth. The development pipeline remained vigorous with 31 new branded hotels (3,253 keys) opening during January-March 2025, added the report.
