HVS ANAROCK MONITOR, October 2024
Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.
Photo by HVS
Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.
Key highlights include:
September 2024:
- Sustained demand growth has led to consistent improvements in occupancy rates across key markets in September 2024, compared to the same period last year
- During the month, the average rates showed varied trends across key markets.
Q3 CY2024:
- An increase in occupancy rates was seen during Q3 CY2024 over the same period in CY2023, across all markets except Mumbai.
- Goa stands out as the only market to experience a decline in average rates when compared to both, the previous quarter and Q# CY2023.
About HVS
HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.