Tag Archives: Occupancy

Hotel occupancy decline lowest in India among 5 key Asian countries: HVS

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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Mumbai leads in terms of hotel occupancy in India: HVS

Mumbai is leading in terms of hotel occupancy (74.2%) as per a report by HVS Global Hospitality Services. According to the report as expected in the second year of the up-cycle, all major markets tracked  witnessed an increase in Revenue per available room (RevPAR) except for Agra. Interesting to note, Noida saw the highest year-on-year growth in RevPAR (16.0 %), followed by Hyderabad (11.4%) and Ahmedabad (10.7%). Noida displayed the lowest occupancy (56.9%) and Ahmedabad, the lowest average rate (3,840), the study said. All 13 hotel markets depicted an increase in occupancy leaving Pune (-0.7%), even as some markets saw a lower growth (Bengaluru and Mumbai at 0.4% and 0.6%, respectively) compared to others (Ahmedabad and Noida at 12.0% and 11.7%, respectively). In 2016/17, only two cities showed a decline in average rates – Agra, which witnessed a steep decline of 8.9% over 2015/16 and, Ahmedabad, which witnessed a minor decline of 1.1%. Goa registered the highest yearon-year increase of 7.3% in average rate, followed by Pune (5.7%).

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