Mumbai leads in terms of hotel occupancy in India: HVS

Mumbai is leading in terms of hotel occupancy (74.2%) as per a report by HVS Global Hospitality Services. According to the report as expected in the second year of the up-cycle, all major markets tracked  witnessed an increase in Revenue per available room (RevPAR) except for Agra. Interesting to note, Noida saw the highest year-on-year growth in RevPAR (16.0 %), followed by Hyderabad (11.4%) and Ahmedabad (10.7%). Noida displayed the lowest occupancy (56.9%) and Ahmedabad, the lowest average rate (3,840), the study said. All 13 hotel markets depicted an increase in occupancy leaving Pune (-0.7%), even as some markets saw a lower growth (Bengaluru and Mumbai at 0.4% and 0.6%, respectively) compared to others (Ahmedabad and Noida at 12.0% and 11.7%, respectively).
In 2016/17, only two cities showed a decline in average rates – Agra, which witnessed a steep decline of 8.9%
over 2015/16 and, Ahmedabad, which witnessed a minor decline of 1.1%. Goa registered the highest yearon-year
increase of 7.3% in average rate, followed by Pune (5.7%).