65.6% occupancy for hotels
The nationwide occupancy for all branded hotels was 65.6% in 2016-17. The hotels that have existed since 2012-13 achieved 68.4% occupancy last year, according to a report by HVS Global Hospitality Services.
Hotels that have been operating since 2013-14 clocked 67.9 per cent occupancy in 2016-17. On the average rate front, while India’s ARR was 5,658 in 2016/17, for hotels in existence since 2012/13, the ARR last year was more than 6,000.