In 2023, 53 percent of the development projects on the Indian hotel market were signed by hotel operators as Greenfield, whereas 25 percent were Brownfield. This was a significant shift from 38.5 percent of greenfield developments and 36.5 percent of brownfield developments in 2022.
Greenfield projects start from the beginning, whereas brownfield projects are investments in existing businesses. The latter is less risky and, therefore, were preferred in times of uncertainty due to the coronavirus (COVID-19) pandemic.
Share of hotel property development across India from 2018 to 2023, by number of keys
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Anarock, & HVS Global Hospitality Services. (May 2, 2024). Share of hotel property development across India from 2018 to 2023, by number of keys [Graph]. In Statista. Retrieved October 19, 2024, from https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/
Anarock, und HVS Global Hospitality Services. "Share of hotel property development across India from 2018 to 2023, by number of keys." Chart. May 2, 2024. Statista. Accessed October 19, 2024. https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/
Anarock, HVS Global Hospitality Services. (2024). Share of hotel property development across India from 2018 to 2023, by number of keys. Statista. Statista Inc.. Accessed: October 19, 2024. https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/
Anarock, and HVS Global Hospitality Services. "Share of Hotel Property Development across India from 2018 to 2023, by Number of Keys." Statista, Statista Inc., 2 May 2024, https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/
Anarock & HVS Global Hospitality Services, Share of hotel property development across India from 2018 to 2023, by number of keys Statista, https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/ (last visited October 19, 2024)
Share of hotel property development across India from 2018 to 2023, by number of keys [Graph], Anarock, & HVS Global Hospitality Services, May 2, 2024. [Online]. Available: https://www.statista.com/statistics/892906/india-hotel-property-development-share-by-number-of-keys/