kash Datta
HVS ANAROCK Hotels & Hospitality Overview, November 2023
Akash Datta | December 1, 2023
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 October 2023, India witnessed a notable 11% increase in domestic air passenger traffic compared to the corresponding period in the previous year. The onset of the ICC Men's Cricket World Cup in the country significantly bolstered hotel occupancy in various markets hosting the matches. Consequently, national hotel occupancy rates for October 2023 exceeded pre-pandemic levels by 1-3 pp. The heigh...