Learn the newest version of the HVS ANAROCK month-to-month trade replace, Accommodations & Hospitality Overview (H2O), for the important thing tendencies within the Indian hospitality trade.
Key highlights embody:
Home air visitors in India elevated by 24% in July 2023 in comparison with the identical time the earlier 12 months.
Whereas air visitors has grown by 1.6% in July 2023 in comparison with July 2019, the typical lodge occupancy charge within the nation has declined by 3-5 pp.
Resort common charges, in the meantime, have remained constantly above 2019 ranges, regardless of a drop in occupancy.
In July 2023, Chennai was the one market to witness regular progress in each occupancy charge and common charges.
HVS ANAROCK Accommodations & Hospitality Overview, August 2023— Supply: HVS
About HVS
HVS is the world’s main consulting and valuation companies group centered on the lodge, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per 12 months for just about each main trade participant. HVS principals are considered the main professionals of their respective areas of the globe. By way of a worldwide community of over 50 places of work staffed by 300 skilled trade professionals, HVS offers an unparalleled vary of complementary companies for the hospitality trade. For additional data concerning our experience and specifics about our companies, please go to www.hvs.com.
