Hospitality consultancy HVS Anarock has said in a report that average rates in Indian hotels continued their upward trend, helping RevPAR to remain above the pre-COVID levels for October.
Mumbai and New Delhi remained the top markets with occupancy rates exceeding 65 per cent in October 2022, while Goa had the highest average rate for October. However, nationwide hotel occupancy declined in October 2022 compared to the previous month, owing to a drop in business travel because of the festival season, HVS Anarock said.
HVS Anarock further noted that “India’s domestic air traffic increased by 10 per cent in October 2022 compared to the previous month”.
