As per JLL India report, as many as 38 branded hotels comprising 3,293 rooms were opened during Q4 (October-December) 2024. Additionally, December 2024 also saw signings of 99 branded hotels comprising 11,943 rooms with the top six markets experiencing year-over-year increases in both Average Daily Rate (ADR).
Read More »All India RevPAR for 2024 exceeds ₹5,000, marking 10.7% growth: Horwath HTL report
Horwath HTL report showed that despite economic challenges and the absence of major events, the hospitality sector saw strong growth, with a national occupancy rate of 63.9%, an Average Daily Rate (ADR) of INR7,951, and a 10.7% RevPAR increase. India added 14,400 chain-affiliated rooms, pushing the total supply past 200,00.
Read More »India’s hotel occupancy and ADR surpassed pre-pandemic levels from 16-18 April 2022: STR
According to preliminary data from STR, for three consecutive days in April –16-18 April, 2022, India’s hotel industry crossed pre-pandemic comparables in occupancy and average daily rate (ADR). It was the first time that both occupancy and ADR were above 2019 levels in India. When using a running 7-day average, occupancy and ADR have been above 90% of pre-pandemic comparables since late-March. On Monday, 18 April, India recorded its highest ADR index of the year at 106% of the 2019 comparable.
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