Tag Archives: Horwath

Hotel occupancy gains strength in Delhi and Pune: Horwath

Hotel occupancy in Delhi and Pune crossed 70 per cent, according to a latest report by Horwath on ‘India Hotel Market Review 2018’. Delhi has grabbed the opportunity presented by GST replacing a usurious luxury tax with both hands, the report says. It performed well in all the parameters with occupancy rising to 71.7 per cent, ADRs at 7.5 per cent and RevPAR at 11.6 per cent. Aerocity hotels have fully dialled in – rooms demand, ADR and banqueting. Corporate, MiCE and retail business which chose Gurugram over Delhi because of major tax savings under Luxury tax have shown preference for Delhi once an even playing field was created. Aerocity itself has expanded its commercial spaces. Pune, too, had a good year in 2018, crossing 70 per cent occupancy and pushing through over 7 per cent ADR growth to post 11 per cent RevPAR increase. A solid Tier 1 business city, Pune’s growth can be attributed to MiCE and partly to the shift of some IPL games to this city.

Read More »