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:
- Domestic air passenger traffic continued to increase, surpassing 137 lakhs in May 2024, marking a growth of over 4% compared to May 2023.
- Despite the increase in air traffic in May 2024, the nationwide hotel occupancy rates remained stable.
- Kochi saw the highest year-on-year increase in occupancy rates in May 2024, with a rise of 7-9 pp. However, the average rates in the city declined by 10-12…
