Hospitality witnessed 60.9% YoY RevPAR growth in Q4 2022: JLL

As per JLL’s latest Hotel Momentum India (HMI) Q4, 2022, the hospitality sector continued to witness strong Y-o-Y growth in Q4 2022, primarily driven by corporate travel, weddings, winter vacations and festivities. The year ended with a 90% Y-o-Y growth in RevPAR for the calendar year 2022 over 2021. The performance in Q4 2021 was strong as well on the back of weddings and domestic leisure travel, however corporate travel was only a fraction of what has been witnessed in Q4 2022.