HVS Anarock India Hospitality Industry Review February 2024

March 6, 2024

Unnamed destination in India

HVS Anarock India Hospitality Industry Review February 2024

Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.

Key highlights include:

  • India’s domestic air passenger traffic in January 2024 increased by nearly 5% over the same period last year.
  • In January 2024, the hotel sector in India saw lower occupancy compared to pre-pandemic levels, but continued growth in average rates.
  • Mumbai was the only market that breached the 80% occupancy level mark, while Kolkata and Ahmedabad crossed the 75% mark.
  • Hyderabad & Kochi saw a year-on-year increase of over 30% in average rates.

Click here (Adobe Acrobat PDF file) to download the review.

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