Tag Archives: Hotels & Hospitality Overview India

HVS ANAROCK’S latest monthly newsletter titled ‘Hotels & Hospitality Overview India’ reveals that the hotel occupancy rate in May 2020 witnessed a y-o-y drop of 76.7 per cent compared to the same period last year, making India rank fourth among five key Asian markets, followed by Thailand.

Hotel performance in India was subdued in December 2019 due to temporary softening of demand, reveals Hotels & Hospitality Overview India (January 2020) by HVS. December recorded an ADR of Rs. 6697.8 in top 13 markets in India recording a Month-on-Month (M-o-M) decline of -1.10 % and Year-on-Year (Y-o-Y) decrease of 0.63%. The occupancy was 70.5% with a 6.51% decline M-o-M and 0.35% decrease Y-o-Y. The RevPAR in December was Rs 4719.1, recording a -7.54 decrease M-o-M and 0.98% Y-o-Y.