Chennai: Hospitality sector saw 30 hotels with around 2000 keys opening in the September quarter. The quarter registered double-digit year-on-year growth as well as sequential growth in revenues in the September quarter and Hyderabad grew fastest at 23.6 per cent.
Around 30 branded hotels with an aggregate 1988 keys opened in the quarter. Of the total number of keys, approximately 80 per cent were located in Tier II and III cities, including Tirupati, Udaipur, Ranchi, and Mussoorie. Karnataka saw the highest number of hotel openings with 280 keys.
In Q3 2024, 96 branded hotels comprising 10,686 rooms were signed. Around 12 hotels signed were conversions of other hotels, accounting for 11 per cent of the inventory…
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