In­dian hos­pi­tal­ity boom is here

TravTalk - India - - VIEWPOINT -

D even de­mon­eti­sa­tion is­sues in the re­cent past, the hos­pi­tal­ity in­dus­try in In­dia is on a new high. The year-end Ho­tel Mar­ket Re­view by Hor­warth HTL for 2018 re­vealed that oc­cu­pancy at all In­dia level touched its high­est point for the last 10 years in 2018 while ADR is the high­est since 2012. The same tra­jec­tory was seen in RevPAR, which reached its 10year high for Mum­bai, Hy­der­abad, Pune and Jaipur. The re­port re­vealed that 90,000 rooms are sold per day on an av­er­age. Bengaluru emerged as the city with the largest in­ven­tory cross­ing 14,000 while Delhi NCR re­mained in the league too be­cause of its lo­ca­tion and con­nec­tiv­ity cov­er­age. This growth can be cred­ited to the growth of bud­get and mid­scale ho­tels across the coun­try. Ad­di­tion­ally, MiCE has been a ma­jor con­trib­u­tor to the high ADRs. The growth shall con­tinue with pos­i­tive amend­ments to CRZ guide­lines and the tax struc­ture; and we shall see this seg­ment shin­ing like never be­fore.

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