Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.
Key highlights (December 2024) include:
- The Diwali glow arrived a month later for the Indian hotel sector, with November occupancy rates increasing by 8-10 percentage points year-on-year (y-o-y) and 10-12 percentage points compared to the previous month.
- The strong growth in ARR, which saw a 11-13% rise compared to the previous year, further bolstered RevPAR, driving overall performance upward.
- All key markets witnessed significant increases in occupancy rates compared to the same period last year.
- In November 2024, nearly all major markets, except Ahmedabad and Kolkata, recorded an increase in average rates compared to the previous year.
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