Market Report

HVS ANAROCK Hotels & Hospitality Overview, June 2023

June 28, 2023
This monthly industry update highlights the key trends in the Indian hospitality industry.
Check out the June 2023 edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
 

Key highlights include:

  • Despite the halt in operations of Go First Airlines, the number of domestic air passengers in India has been steadily surpassing the pre-COVID levels. In May 2023, domestic air traffic increased by 15% year-on-year, crossing the 1.3 cr mark for the first time since December 2019.
  • The occupancy rates in the country have witnessed a minor decline year-on-year indicating that demand is normalizing.
  • The average rates, on the other hand, continued their strong growth trend and remained significantly above the pre-pandemic levels.
 
Market Report

HVS ANAROCK Hotels & Hospitality Overview, June 2023

June 28, 2023
This monthly industry update highlights the key trends in the Indian hospitality industry.
Check out the June 2023 edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
 

Key highlights include:

  • Despite the halt in operations of Go First Airlines, the number of domestic air passengers in India has been steadily surpassing the pre-COVID levels. In May 2023, domestic air traffic increased by 15% year-on-year, crossing the 1.3 cr mark for the first time since December 2019.
  • The occupancy rates in the country have witnessed a minor decline year-on-year indicating that demand is normalizing.
  • The average rates, on the other hand, continued their strong growth trend and remained significantly above the pre-pandemic levels.