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ITC Hotels Signs Welcomhotel Karai Gandhinagar, Strengthens Presence in Gujarat

ITC Hotels signed a management agreement for a 101-key Welcomhotel in Gandhinagar, Gujarat, targeting business, leisure, and MICE segments with over 56,000 sq ft of event space.

Report Markets & Performance

May 4

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.

By Dipti Mohan, Dhwani Gupta, and Shivansh Agarwal

India

Report Markets & Performance

April 1

HVS ANAROCK MONITOR, March 2026

India's hotel sector posted strong March performance with occupancy above 75% and double-digit ADR growth driven by wedding, MICE, and corporate demand.

By Akash Datta, Dipti Mohan, and Dhwani Gupta

India