Delhi, Mumbai, Chennai report over 80% occupancy rates in February; ARRs in Delhi, Hyderabad up by 17-18%

The ‘Hotels & Hospitality Overview,’ a report by HVS Anarock states that the hotel occupancy rate in India is nearing pre-pandemic levels, with key markets like Delhi, Mumbai, and Chennai reporting occupancy rates of more than 80% in February. The average hotel rates grew by 17-18% in Delhi and Hyderabad, in February 2024.