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HVS Anarock India Hospitality Industry Review November 2024 – Image Credit HVS
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Key highlights include: October 2024:
- October 2024 witnessed a nationwide decline in occupancy rates from both the previous year and the previous month.
- On the other hand, nationwide average rates increased by nearly 10% from the previous month and nearly 6% from October 2023.
- Year-to-date (YTD) October 2024 saw strong momentum in hotel signings, with 33,407 keys signed across 333 properties, representing a robust 45% year-on-year growth in keys signed.
- 8,073 keys across 119 properties opened by YTD October 2024, with majority of the openings concentrated in Tier 3&4 markets.
Click here (Adobe Acrobat PDF file) to download the review.
