Over 40% room occupancy expected in Q4 2020: HVS Survey

Though the occupancy rate across hotels in key cities of India has been plummeting for some time now, the sector is hopeful that by Q4 this year, they will be above 40%. This was revealed by HVS General Manager’s Sentiment Survey, where more than 53% respondents said that occupancies in Q4 could be anywhere between 40-50%, maybe even more. In fact, over 42% of the General Managers surveyed believe that occupancy would be close to or higher than 50%, while 46% of the General Managers believe that occupancy will remain below 40%.