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Hospitality industry sees shift towards tier II, III cities in 2024
Orissa POST
|April 15, 2025
Mumbai, April 14: India's hospitality sector, which grew at par with the previous year, witnessed a shift towards tier-II and III cities, which accounted for nearly half of all hotel transactions, a report said on Monday.
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The year 2024 saw approximately 25 deals, primarily involving operational properties in both business and leisure destinations, real estate consultant JLL said in a report.
It said there was a significant shift towards tier-II and III cities, which accounted for nearly half of all hotel transactions.
This trend has effectively broadened the industry's reach, bringing quality accommodations to previously underserved markets such as Amritsar, Mathura, Bikaner, and several others, it added.
This story is from the April 15, 2025 edition of Orissa POST.
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