Sarovar’s Occupancy grew by 2% and ADR by 4% in Q4

Q4 has been an outstanding quarter for Sarovar Hotels Chain. Vijay Jaiswal, Senior Vice President- Sales and Marketing, Sarovar Hotels and Resorts, says, “We have exceeded on our target in Occupancy, ADR and RevPar. We have seen a growth of 2% in Occupancy and ADR grew by 4% in Q4 2018 vis-à-vis Q4 2017. Amongst the cities that have performed well are all major metro cities – Mumbai, Delhi, Chennai, Bangalore, Hyderabad and cities like Goa, Pune, Ahmedabad, Jaipur. Cities that have not performed well for our hotels are Kerala and Mashobra(Shimla) due to heavy floods and monsoon in these regions. We are forecasting to do well in coming quarter and poised to meet our targets. This is based on our current trends for this quarter. However, the general elections in April & May can be an impeding in our performance.”