Research
Hotel Momentum India (HMI)
Quarterly Hospitality Monitor Q4 2024
March 31, 2025
Contributors:
- Mehar Arora
India’s hospitality industry has witnessed a growth of 10.4% in RevPAR from October to December 2024 (Q4 2024) over the same period last year. Furthermore, the sector witnessed a growth of 35% in RevPAR at pan-India level in Q4 2024 as compared to Q3 2024. Total no. of signings in Q4 2024 stood at 99 hotels with 11,943 keys.
The Hotel Momentum India (HMI) Q4 2024 outlines key insights from the sector including:
- All key markets continued to witness a y-o-y growth in RevPAR in Q4 2024 compared to Q4 2023 primarily due to the pick-up in ADR levels.
- Mumbai was the RevPAR leader in absolute terms in Q4 2024 with a 11.7% increase in ADR levels over Q4 2023.
- Hyderabad saw the steepest increase in RevPAR growth in Q4 2024, with a 23.3% growth compared to the same period in the previous year.
