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HVS ANAROCK MONITOR, April 2026

Q1 2026 showed strong momentum with RevPAR at ₹6,700-7,038 and occupancy of 67-69%, led by Delhi at 78-80% occupancy.

Dipti MohanDhwani GuptaShivansh Agarwal
By Dipti Mohan, Dhwani Gupta, and Shivansh Agarwal
India
HVS ANAROCK MONITOR, April 2026

Photo by HVS

This is a monthly industry update that highlights the key trends in the Indian hospitality industry.

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:

March 2026

  • India’s hotel sector moderated sequentially in March 2026 from the strong February base, reflecting seasonal softening as well as the impact of the Middle East conflict and broader geopolitical tensions. Despite this, performance remained ahead of last year, supported by resilient corporate travel, weddings, and MICE demand.

  • ARR trends in March 2026 reflected a largely positive performance across Indian markets, with most cities recording year-on-year growth despite a softer demand environment.

  • New Delhi recorded the highest occupancy in March 2026 at 78–80%, followed by Mumbai (73–75%) and Chandigarh (71–73%).

Q1 CY2026

  • In Q1 CY2026, India’s hotel sector sustained strong momentum with ARR at ₹10,000–10,200, occupancy of 67–69%, and RevPAR of ₹6,700–7,038. Performance improved both sequentially and year-on-year, supported by steady corporate travel, events, and resilient domestic demand, despite geopolitical tensions and war-led disruptions that created volatility in oil prices and operating costs.

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.

Media Contact

Dipti Mohan

Vice President (South Asia), Research & Corporate Communication [email protected]

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Markets & Performance Operations & Strategy Revenue Management Occupancy MICE Business Travel Average Room Rate Asia Pacific India
Dipti Mohan
Dipti Mohan
Associate Vice President – Research, New Delhi, HVS

Dipti Mohan, Associate Vice President – Research with HVS South Asia, is a seasoned knowledge professional with extensive experience in research-based content creation.

Dhwani Gupta
Dhwani Gupta
Associate - Research, HVS South Asia, 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.