Mandeep Singh Lamba President (South Asia) HVS ANAROCK said, “We expect India-wide occupancy to improve to 66% in 2023 coupled with a 16-17% increase in ARR will push RevPAR to ₹4,690 during the year, almost 18% higher than the pre-pandemic RevPAR recorded in 2019.”
Read More »RevPAR for Indian hotels increased by 340% YoY in Q2 2022 over Q2 2021: JLL
The Indian hospitality sector witnessed strong growth in Q2 (April – June) 2022, according to JLL’s Hotel Momentum India (HMI) Q2, 2022. Revenue Per Available Room (RevPAR) witnessed an exponential growth of 339.3 % year-on-year (YoY) in Q2, 2022 over Q2 2021.
Read More »Goa records highest RevPAR with 360% increase in Q2, 2021: JLL
Goa has emerged as the RevPAR leader in absolute terms in Q2 2021 with a growth of 360.1% as compared to the very low base of Q2 2020, revealed JLL’s Hotel Momentum India (HMI) Q2 2021. Additionally, Mumbai witnessed the highest growth in occupancy level registering 17.7% increase in Q2 2021 over the same period last year. Chennai witnessed 99.6% growth in RevPAR followed by Hyderabad with 89.6% increase compared to the same period of the previous year.
Read More »Goa records highest RevPAR in Q1 2021, Bengaluru saw sharpest decline: JLL
Goa recorded highest RevPAR in absolute terms, despite the single digit decline of RevPAR by 1.1% in Q1 2021 as compared to Q1 2020, revealed JLL’s Hotel Momentum India (HMI) Q1 2021. The report highlighted that Bengaluru saw the sharpest decline of 60.6% in RevPAR compared to the same period of the previous year. High demand from domestic leisure travelers make Goa the fastest recovering market in absolute RevPAR terms
Read More »Occupancy in Indian cities at par with Asian counterparts
HVS ANAROCK’s latest report titled ‘Room for Growth’ states that the three Indian cities (Bengaluru, Delhi-NCR and Mumbai), though still underpenetrated, have been performing at par with other Asian cities, especially on the occupancy front. As for RevPAR, Bengaluru is in the same range as Beijing and Shanghai.
Read More »RevPAR in Delhi down 44% till July
Delhi has seen significant decline in Revenue Per Available Room (RevPAR) YTD July 2020, declining 44.3% over the same period in the previous year, according to JLL India Hotels and Hospitality Group’s latest note.
Read More »RevPAR in Bengaluru down by 59%: JLL
According to a JLL report, Bengaluru’s hotel sector performance declined 59% in RevPAR in YTD July 2020 (YoY) but is expected to bottom out in Q4 2020 as domestic travel gains momentum. Occupancy was also down 53% YTD July (YoY).
Read More »Kochi hotels lead in RevPAR: HVS ANAROCK
HVS ANAROCK’S latest monthly newsletter titled ‘Hotels & Hospitality Overview India’ reveals that Kochi was the top performing market in India in June with negative growth in RevPAR at 50.3 per cent, followed by New Delhi at 72.4 per cent. Bengaluru and Goa were the lowest performers for the month of June 2020.
Read More »Chennai and Mumbai top performing markets based on RevPAR: HVS ANAROCK
While RevPAR has been low throughout the country, Chennai and Mumbai have been the top performers ( with -83% and -83.3% RevPAR YoY) in May 2020, according to HVS ANAROCK monthly newsletter, H2O.
Read More »Hotel sector to see a decline in revenue by INR 90,000 cr in 2020: HVS ANAROCK
The Indian hotels sector has come to a standstill in the last one month, with most of the hotels partially or completely shut. HVS has revised previous estimates of the overall revenue loss that the industry will face in 2020. The overall revenue of the Indian hotels sector is expected to decline by approximately INR 90,000 cr in 2020, reflecting an erosion of 57% compared to last year. RevPARs in the organized segment are expected to decline by approximately 58%. Occupancy is expected to decline by 31.6 per cent. In the organised sector the loss is expected to be INR 40,309 cr; in the semi organised sector the loss is expected to be INR 8,379 cr and in the unorganised sector it is expected to be INR 41,126 cr. The source for the above data is HVS Research as on 17 April 2020. The industry has not witnessed such an unprecedented decline in RevPARs in the last 2 decades, since HVS has been recording this data. The unorganised segment, which is 10 times the size of the organized segment, is also anticipated to witness a similar quantum of decline. COVID-19 is a disruption that nobody anticipated, but it is now time to use the learnings from this disruption and plan for the new realities beyond COVD-19
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