According to the STR data, Delhi’s hotel market witnessed a 32 per cent PP* decline in occupancy and a 24.1 per cent decline in Average Daily Rate (ADR), resulting in a 57.3 per cent decline in RevPAR, in 2020 over 2019. Additionally, Bangalore’s hospitality market witnessed a 39-pp decline in occupancy and a 23.1 per cent decline in ADR, resulting in a 67.7 per cent decline in RevPAR, as compared to 2019.
Brand signings in the country decreased by 38 per cent over last year with 125 hotels and over 12,000 keys. The year saw a revival of demand firstly in the leisure destinations, with the maximum volume of signings in Tier-III cities.
