Hotel signings surge 110% by keys, driven by Tier III, IV expansion: HVS report


Hotel signings surged in the year-to-date (YTD) period ending February 2026, with keys rising 110% to 5,660 from 2,696, and properties up 48% to 46 from 31, as per HVS ANAROCK report. Tier III and IV cities led with 47% share, up from 41%, while Tier I declined to 32% from 38%, signalling strong expansion into emerging markets.



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