HVS Anarock India Hospitality Trade Assessment August 2024

Learn the newest version of the HVS ANAROCK month-to-month trade replace, Inns & Hospitality Overview (H2O), for the important thing traits within the Indian hospitality trade.

Key highlights embrace:

• July 2024 noticed a year-on-year development of over 7% in home air passenger visitors in India.
• Nationwide occupancy charges elevated by 3-5 proportion factors year-on-year in the course of the month, though they remained barely beneath pre-pandemic ranges.
• Pune and Chennai registered the very best occupancy charges for the month, starting from 76-79%. In the meantime, Kolkata, New Delhi, and Chandigarh led the expansion in occupancy, every exhibiting a rise of 6-8 proportion factors in comparison with the earlier 12 months.
• Common charges noticed vital year-on-year will increase each nationally and in particular markets. Nevertheless, Goa was an exception, with charges dropping by 3-5% in comparison with the earlier 12 months, whereas nonetheless remaining above INR 8,500.
• Regardless of a comparatively modest rise in occupancy charges in July 2024, Mumbai continued to report the very best common charges, exceeding INR 10,500 – a 21-23% enhance from the earlier 12 months.

Click on right here (Adobe Acrobat PDF file) to obtain the assessment.