Key highlights include: December 2024:
- 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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