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Opinion Article Markets & Performance

HVS ANAROCK MONITOR, November 2025

India's hotels saw ARR rise 10-12% year-on-year in October 2025, driven by corporate travel recovery and Diwali leisure demand.

Dipti MohanDhwani GuptaShivansh Agarwal
By Dipti Mohan, Dhwani Gupta, and Shivansh Agarwal
India
HVS ANAROCK MONITOR, November 2025

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:

November 2025:

  • India’s hotel sector witnessed robust performance in October 2025, with average room rates (ARR) rising by 10-12% year-on-year and the occupancy rate registering a slight increase. Demand was driven by a surge in corporate and MICE travel, while the extended Diwali weekend significantly boosted leisure bookings.
  • Average rates in October 2025 continued on their upward trajectory, with almost all major markets seeing double-digit growth.
  • Occupancy at the national level recorded a slight year-on-year improvement, reflecting steady performance despite ongoing regional variations.

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Markets & Performance Finance Ancillary Revenue Conversion Hotels OTA Distribution Workplace Culture Market Expansion Asia Pacific India
Dipti Mohan
Dipti Mohan
Vice President (South Asia), Research & Corporate Communication, HVS

Dipti Mohan, Vice President - Research & Corporate Communication with HVS South Asia, is a seasoned knowledge professional with extensive experience in research-based content creation. She has authored several ‘point of view’ documents such as thought leadership reports, expert opinion articles, white papers, and research reports across industries including hospitality, real estate, infrastructure, cement, and construction.

Dhwani Gupta
Dhwani Gupta
Senior Associate (South Asia), Research & Corporate Communications, HVS

Dhwani Gupta, Associate - Research with HVS South Asia, studied literature for her undergraduation and believes that you can do anything with the right amount of research.

Shivansh Agarwal
Shivansh Agarwal
Research Analyst at HVS New Delhi, HVS

Shivansh Agarwal is research analyst at HVS New Delhi

HVS
Consultant

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.

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