Tag Archives: hotel occupancy rate

According to HVS Anarock’s ‘Occupancy Trends Across Key Indian Markets,’ all major cities saw a rise in occupancy rates in 2024 compared to previous year. Mumbai tops with over 80 per cent occupancy, driven by MICE events and high-profile gatherings like Dua Lipa’s concert. Pune recorded the highest growth, with a 12-14 percentage point increase.

HVS Anarock in its ‘Hotels & Hospitality Overview’ of June stated that Kochi registered the highest increase in occupancy rate, growing by 7% year-on-year, a notable rise compared to other cities. Meanwhile, both Hyderabad and Mumbai experienced declines in y-o-y occupancy rates but saw substantial increase in average rates, with Hyderabad leading with over a 9% y-o-y increase and Mumbai up by 7%.