HVS ANAROCK Resorts & Hospitality Assessment – August 2024 shared the insights on how motels are performing. HVS Analysis; Knowledge collated by HVS from 19 resort operators and media reviews as of twenty second August 2024, all information is for calendar 12 months.
Key Highlights (July 2024)
- July 2024 noticed a year-on-year progress of over 7% in home air passenger site visitors in India.
- Pune and Chennai registered the very best occupancy charges for the month, starting from 76-79%. In the meantime, Kolkata, New Delhi, and Chandigarh led the expansion in occupancy, every exhibiting a rise of 6-8 share factors in comparison with the earlier 12 months.
- Common charges noticed important year-on-year will increase each nationally and in particular markets. Nonetheless, Goa was an exception, with charges dropping by 3-5% in comparison with the earlier 12 months, whereas remaining above INR 8,500.
- Regardless of a comparatively modest rise in occupancy charges in July 2024, Mumbai continued to file the very best common charges, exceeding INR 10,500 – a 21-23% improve from the earlier 12 months.