India Hotel Occupancy
Chandigarh – the Emerging Hospitality Hotspot in India
Mandeep S. Lamba | January 17, 2022
By Mandeep Lamba, Dipti Mohan Chandigarh, also popularly known as the Tri-city region, is quickly becoming the new hospitality hotspot in India. Following the second wave, Chandigarh's hotel sector has recovered quicker than several other markets in the country, with occupancy rates rising from a low of around 15% in May 2021 – the peak of the second wave – to close to 70% by November 2021, comparable to pre-pandemic levels. Since the second wave ebbed, the Tri-city region, along with Goa, has had the highest month-on-month occupancy in the country. Moreover, in contrast to numerous other Indian business destinations, average...
India Hotel Occupancy on a Continued Decline Amid Second COVID-19 Wave
STR | June 10, 2021
LONDON — June 10, 2021 — After an improved start to 2021, India’s hotel occupancy has been on a rapid decline amid the second COVID-19 wave in the country, according to data from STR. India’s monthly occupancy reached a pandemic high in February (53.9%), which looked to be solid progress toward recovery as the monthly level was roughly 73% of the 2019 comparable. By April, however, occupancy in the country fell to 31.0%, and more recently, just 21.5% for the week ending 30 May. “We saw India’s resilience as an emerging market play out over the early portion of 2021,” said Vidhi Godiawala, STR’s business development mana...
