HVS ANAROCK’s monthly report titled ‘Hotels & Hospitality Overview’ reveals that in the month of January 2021, Ahmedabad, Kolkata and Goa witnessed the highest increase in occupancy compared to the previous month. In fact, for the Indian hotel sector, occupancy remained between 46-48% on average, almost a 2% growth over December 2020.
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The recently-released HVS ANAROCK monthly newsletter titled ‘Hotels & Hospitality Overview’ reveals that among five key Asian markets – India, China, Malaysia, Thailand and Singapore – India had the lowest y-o-y decline in hotel occupancy for March at 52.9 per cent, while China witnessed the highest at 65.4 per cent. Malaysia, Thailand and Singapore witnessed occupancy declines of 64.7 per cent, 62.6 per cent and 53.6 per cent, respectively, for the said period. The report suggests that occupancies across hotels in key Indian cities witnessed a sharp decline, as travel restrictions intensified and India went into lockdown towards the end of March 2020.
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