HVS reported occupancy trends across 13 key Indian markets in first quarter of 2025. The data revealed all markets except Hyderabad recorded year-on-year occupancy growth, in comparison to Q1 CY2024, with the sharpest increases seen in Bengaluru. In ARR trend all major markets recorded strong year-on-year growth in average rates during Q1 CY2025, excluding Goa. Bengaluru recorded the highest year-on-year growth during the quarter. The 13 markets include New Delhi, Mumbai, Bengaluru, Chennai, Pune and more.
