Mumbai tops in hotel occupancy
Mumbai is leading in terms of hotel occupancy (74.2 per cent), according to a recent report by HVS Global Hospitality Services.
As expected in the second year of the up-cycle, all major markets tracked witnessed an increase in revenue per available room (RevPAR) except Agra. Interesting to note, Noida saw the highest year-on-year growth in RevPAR (16.0 %), followed by Hyderabad (11.4%) and Ahmedabad (10.7%). Noida displayed the lowest occupancy (56.9%) and Ahmedabad, the lowest average rate (3,840), the study said. All 13 hotel markets depicted an increase in occupancy leaving Pune (-0.7%), even as some markets saw a lower growth (Bengaluru and Mumbai at 0.4% and 0.6%, respectively).
The supply for 2021-22 has been computed by adding the active future supply to the existing base of rooms in 2016-17