Indian 5-star hotels recorded highest occupancy in February for FY 2018

The highest occupancy for Financial Year 2018-19 (FY 2018-19) for Indian hotels was in February 2019, with an average occupancy of 81% in 5-star hotels and 77% in 5-star deluxe hotels, according to a report by CARE Ratings. November 2018 saw the second highest occupancy with 80% average occupancy for 5-star hotels and 72% for five-star deluxe hotels. In December 2018, 79% average occupancy was recorded for 5-star hotels, while 69% was recorded for 5-star deluxe hotels.