A survey conducted in 2021 on land cost of hotels as a share of total development cost in India indicated that the largest share of expenses incurred were attributed to economy/ budget hotels amounting to nearly 35 percent. This was pimarily due to lower construction costs for such hotels. By contrast, land costs of upper upscale hotels accounted for only around 13 percent of the total development cost during the same time period.
Distribution of hotel land cost in India in 2021, by market positioning
Self reported data from hotels across 102 Indian cities
Supplementary notes
Note: The source stated that for this specific analysis, a subset of
104 hotels comprising 13,322 rooms was looked at, thereby, eliminating entries with insufficient information.
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Hotelivate. (November 19, 2021). Distribution of hotel land cost in India in 2021, by market positioning [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/
Hotelivate. "Distribution of hotel land cost in India in 2021, by market positioning." Chart. November 19, 2021. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/
Hotelivate. (2021). Distribution of hotel land cost in India in 2021, by market positioning. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/
Hotelivate. "Distribution of Hotel Land Cost in India in 2021, by Market Positioning." Statista, Statista Inc., 19 Nov 2021, https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/
Hotelivate, Distribution of hotel land cost in India in 2021, by market positioning Statista, https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/ (last visited January 08, 2025)
Distribution of hotel land cost in India in 2021, by market positioning [Graph], Hotelivate, November 19, 2021. [Online]. Available: https://www.statista.com/statistics/1282791/india-hotel-land-cost-by-market-positioning/
