Market Report

HVS ANAROCK Hotels & Hospitality Overview, July 2023

July 26, 2023
This monthly industry update highlights the key trends in the Indian hospitality industry.
Check out the July 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:

 
  • Domestic air traffic in India was 19% higher in June 2023 compared to June 2022, despite a slight decline from the previous month.
  • The India-wide occupancy rate in June 2023 increased slightly compared to the previous month, but most major markets saw a drop in average rates during the same period, despite managing to remain well above the pre-pandemic levels.
  • Q2 2023 witnessed a strong increase in rates compared to Q2 2022, which boosted RevPAR despite a minor decline in occupancy rate.
 
Market Report

HVS ANAROCK Hotels & Hospitality Overview, July 2023

July 26, 2023
This monthly industry update highlights the key trends in the Indian hospitality industry.
Check out the July 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:

 
  • Domestic air traffic in India was 19% higher in June 2023 compared to June 2022, despite a slight decline from the previous month.
  • The India-wide occupancy rate in June 2023 increased slightly compared to the previous month, but most major markets saw a drop in average rates during the same period, despite managing to remain well above the pre-pandemic levels.
  • Q2 2023 witnessed a strong increase in rates compared to Q2 2022, which boosted RevPAR despite a minor decline in occupancy rate.