India Hotel market
All Eyes on India: Why the World Is Watching
HotStats | September 20, 2024
With over two and a half decades in the hospitality industry, my experience spans markets that have attracted both international interest and domestic excitement. The initial Dubai buzz in 1999, following the opening of Burj Al Arab, made a powerful statement and set off a wave of impressive assets in quick succession. While recent years have brought magnificent hotels like Atlantis the Royal, the true sweet spot for me was about 15 years ago when each visit to Dubai revealed a dramatically changing landscape. Vietnam also experienced a boom, with signings happening almost weekly, though this momentum faded faster than expected due to corr...
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...
