As per the ‘HVS-ANAROCK Hotels & Hospitality Monitor – February 2025’, the year has begun on a strong note for the Indian hotel sector, with occupancy rising by 2-4 % year-on-year (y-o-y) in Jan 2025. Meanwhile January saw occupancy growth across most major markets, led by New Delhi, Bengaluru, and Pune, while Hyderabad and Chandigarh saw minor declines. Report in detail:
India Hotel Sector Performance (January 2025)
- 2025 has begun on a strong note for the Indian hotel sector, with occupancy rising by 2-4 percentage points year-on-year (y-o-y) in January 2025.
- Average Room Rates (ARR) also continued their upward momentum, registering a 10-12% y-o-y growth, reaching ₹9,100-9,300. These increases have resulted in RevPARs also increasing by 15-17%, reaching ₹ 6,006-6,324, reflecting sustained demand and pricing power.
Occupancy Trends Across Key Indian Markets (Year-on-Year Growth: January 2025)
- January 2025 showed steady occupancy growth across most major markets, led by New Delhi, Bengaluru, and Pune, while Hyderabad and Chandigarh saw minor declines.
- Mumbai continued to command the highest average rate in the country, consistently exceeding ₹14,000, while also recording the strongest y-o-y growth of 21-23%. This surge could be attributed to the Coldplay concert drawing in a large crowd from across the country.
- Bengaluru and Kolkata also posted robust growth, with ARR increasing 18-20% y-o-y.
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