Dipti Mohan | October 29, 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.
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.
