Occupancy for all branded hotels in India remains 65.6 % in 2016-17: HVS

The nationwide occupancy for all branded hotels was 65.6 per cent in 2016-17 and the hotels that have existed since 2012/13 achieved 68.4% occupancy last year, according to a report by HVS Global Hospitality Services. Similarly, hotels that have been operating since 2013/14 clocked 67.9% occupancy in 2016/17. On the average rate front, while India’s ARR was `5,658 in 2016/17, for hotels in existence since 2012/13, the ARR last year was more than `6,000.