The ‘Indian Accommodation Barometer 2023’ report released by Booking.com in collaboration with Statista has revealed a positive sentiment among Indian hoteliers. The report shows that nearly 50 per cent of hoteliers feel optimistic about their current economic development and future prospects. According to the report, nearly half of the hoteliers (49 per cent) reported increases in room rates, and an even higher number (55 per cent) reported increases in occupancy. Only 14 per cent said that they saw a drop in the average daily rate and 15 per cent said they had seen a decrease in the occupancy rate.
