India’s hospitality sector displayed steady growth and stability in September 2024, with national occupancy rates holding firm compared to August, as per HVS Anarock’s Hospitality Monitor report. While some cities experienced robust increases, others faced slight declines, reflecting the nuanced demand dynamics within India’s hospitality landscape.
Among the cities with occupancy gains, Bengaluru led the way, posting an increase of 8 to 10 percentage points compared to August, reinforcing its position as a high-demand market. New Delhi also showed growth, underscoring its continued appeal for both business and leisure travellers. However, Jaipur and Kolkata saw dips in occupancy, indicating region specific fluctuations in demand.
