Akash Datta | May 29, 2024
By Akash Datta, Dipti Mohan, Dhwani Gupta
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:
- In April 2024, domestic air passenger traffic in India reached 132 lakhs, marking a 2.4% increase compared to April 2023.
- Goa witnessed the largest year-on-year decline in occupancy rate, while Kolkata registered the highest growth during the month.
- Hyderabad showed the highest year-on-year ADR growth among the top 10 markets in the country, followed by Chennai.
- After a long hiatus, Mumbai recorded higher average rates than Goa, exceeding INR 10,000 and INR 9,500 respectively.
