Exhibiting strong signs of recovery, nationwide hotel occupancy breached the 60% mark for the first time since the onset of the pandemic. Rising corporate travel demand is also assisting occupancy improvements in the other business destinations, as well as helping average rates to rise significantly across markets. The return of big ticket conferences & crowd pulling events such as the IPL drove Mumbai’s occupancy to pre-pandemic levels for the month of March. The city, along with Pune, saw the greatest increase in occupancy in Mar 2022 compared to the previous year.
