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
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Hotelivate. (November 19, 2021). Distribution of hotel land cost in India in 2021, by market positioning [Graph]. In Statista. Retrieved May 02, 2024, 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 May 02, 2024. 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: May 02, 2024. 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 May 02, 2024)
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/