• HVS Anarock India Hospitality Industry Review February 2024   

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:

  • India’s domestic air passenger traffic in January 2024 increased by nearly 5% over the same period last year.
  • In January 2024, the hotel sector in India saw lower occupancy compared to pre-pandemic levels, but continued growth in average rates.
  • Mumbai was the only market that breached the 80% occupancy level mark, while Kolkata and Ahmedabad crossed the 75% mark.
  • Hyderabad & Kochi saw a year-on-year increase of over 30% in average rates.

Click here (Adobe Acrobat PDF file) to download the review.