Pan-India premium hotel occupancy projected at 72% in FY24, post recovering 70% in FY23: ICRA
May 1, 2023
ICRA estimates pan-India premium hotel occupancy at 70-72 per cent in FY2024, after recovering to 68-70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000-6,200 in FY2024.