Asia -  Jaipur, India

Hotel values in the Indian heritage city of Jaipur grew by approximately 17% in 2015 over those in the previous year. The slowing pace of new hotel supply entering the market in the past year and strong growth in domestic demand has resulted in RevPAR improvement for the market. Additionally, the introduction of the Jaipur Exhibition and Convention Centre (JECC) is further expected to augment growth in hotel performance for the city. Also worth mentioning is that the big-ticket weddings in hotels, helped drive overall hotel performance when room yields were low during the shoulder months of the year. These trends are expected to continue help improve hotel values for Jaipur over the next 2-3 years.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Jaipur RevPAR Change

Jaipur RevPAR

Year RevPAR
2013 47.08
2014 46.66
2015 50.15
2016 55.88
2017 (f) 61.78
2018 (f) 64.76

For more information, please contact:

Achin Khanna, MRICS
akhanna@hvs.com
  • +91 124 4616000 (w)
Rishabh Thapar
rthapar@hvs.com
  • +27 0 792790584 (m)