Indian Hotels Keep Double-Digit RevPAR Growth in December, Jefferies Says

MT Newswires Live

2025/01/30

Growth in revenue per available room (RevPAR) for India's hotel industry continued to be in double digits at 13% in December 2024, Jefferies said in a Thursday research note, citing data from JEF Global Lodging.

RevPAR growth was at 15% to 16% year over year in November 2024.

The steady pace reflects a solid travel segment and robust wedding season data, the equity research firm said.

Year-over-year RevPAR expansion was also stronger at 14% to 15% in Q3 compared to about 8% in H1 of fiscal 2025.

Jefferies has Indian Hotels (NSE:INDHOTEL, BOM:500850) as its top pick in the sector, with a benchmark total of 360 hotels and a leading pipeline of 123 hotels.

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