The Indian hotel industry witnessed a marginal growth of around 2 per cent in YoY RevPAR during the month of October 2024 while the overall occupancy declined by 100-300 bps on-year to 58-60 per cent, stated a report by HVS Anarock. The RevPAR growth was driven by an increase in ARR by approximately 6 per cent even as the industry witnessed a drop in occupancy. Meanwhile, per JLL’s Hotel Momentum India (HMI) Q2, 2024, during Q2 2024, the hotel industry registered 4.8 per cent growth in RevPAR primarily driven by a rise in Average Daily Rate (ADR). Excluding Goa, all other markets—Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai—showed considerable growth in ADR and RevPAR figures, with Hyderabad leading the list, it…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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