India’s hospitality sector ended 2021 with an India-wide occupancy of 42-45%: HVS Anarock

According to the latest HVS Anarock latest report ‘India Hospitality Industry Overview 2021’ The sector ended the year with an India-wide occupancy of 42-45%, up 10-13 percentage points over the previous year. Driven by the strong recovery in demand, average rates also began to improve after the second wave, progressively approaching pre-COVID levels. The robust growth in occupancy and average room rates (ARR) resulted in a 24-27% increase in RevPAR to ₹1,800 – ₹2,100 in 2021.