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Hotelivate is delighted to present the analysis and insights of the 2023 Hotel Development Cost Survey for India. This comprehensive survey showcases the results of an extensive review of the actual development costs of nearly 500 hotels, considering various positioning and locations. The survey encompasses hotels constructed between 2002 and 2022, providing valuable insights into trends and factors impacting the industry. We have relied on the HICSA Hotels of the Year Awards as an important source of data for this report. This forum has been utilized to collect and collate relevant data points associated with the hotel development cost.
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