india hotel industry
Majority of India Hotel Markets Remain in Recession Territory
STR | April 6, 2021
India hotels achieved a 50% occupancy level in February, which was the first time the country eclipsed that monthly mark since the start of the pandemic. Occupancy climbed to 54.5% (-23.5% year over year), while average daily rate (ADR) reached INR4,361.46, a drop of 31.4% year over year. The ADR level was the second highest since the start of the pandemic, trailing behind December 2020 (INR4,554.29). While the actual levels are something to cheer about, the year-over-year percentage changes have become less actionable when analyzing performance recovery. STR’s new Market Recovery Monitor compares the performance of key markets within...
The Hotel Volatility Index 2018 – India
Hotelivate | October 16, 2018
The Hotel Volatility Index 2018 Last year, we launched The Hotel Volatility Index (HVI) that tracks the performance of 80 well-established, stabilised hotels – 60 urban and 20 leisure properties – across positioning that have been operational since 2011 or earlier in the country. Together, these 80 hotels represent nearly 17,000 rooms in 21 different cities in India. The HVI provides a reliable performance benchmark, as it enables a like-to-like comparison of the same base of stabilized hotels year-on-year, irrespective of the new supply coming in. An improvement or a decline in the performance of the HVI can thus, serve as ...
