A survey conducted in 2021 on the construction tenure of all hotels in India averaged to around 42 months. While the average construction tenure for upper upscale and luxury hotels were the longest with 51 months both, and the maximum construction tenures for upper mid-market and upper upscale markets were among the longest with 144 and 117 months respectively. These longer durations could be attributed to the time taken for acquiring funding and statutory licenses including building permissions and approvals.
Construction tenure of hotels in India in 2021, by market positioning
(in months)
Self reported data from hotels across 102 Indian cities
Supplementary notes
Note: The source stated that for this specific analysis, a subset of 352 hotels comprising 52,442 rooms was looked at, thereby, eliminating entries with insufficient information.
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Hotelivate. (November 19, 2021). Construction tenure of hotels in India in 2021, by market positioning (in months) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/
Hotelivate. "Construction tenure of hotels in India in 2021, by market positioning (in months)." Chart. November 19, 2021. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/
Hotelivate. (2021). Construction tenure of hotels in India in 2021, by market positioning (in months). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/
Hotelivate. "Construction Tenure of Hotels in India in 2021, by Market Positioning (in Months)." Statista, Statista Inc., 19 Nov 2021, https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/
Hotelivate, Construction tenure of hotels in India in 2021, by market positioning (in months) Statista, https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/ (last visited January 08, 2025)
Construction tenure of hotels in India in 2021, by market positioning (in months) [Graph], Hotelivate, November 19, 2021. [Online]. Available: https://www.statista.com/statistics/1282792/india-construction-tenure-of-hotels-by-market-positioning/
