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%.
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