India leads Asia-Pacific’s branded residences market by value

The Economic Times reports, citing NOESIS Hotel Advisors, that India accounts for 21% of Asia-Pacific’s $45.3 billion branded residences market by value, despite having 15% of its units. Non-hospitality brands account for 73% of India’s branded units, compared with about 20% globally. NOESIS expects growth to extend to destinations including Goa and Rishikesh.