HVS Hospitality Monitor revealed in May 2025, the country’s ARR saw a dip of 10 to 12 per cent from April 2025. Similarly, occupancy saw a dive of 7 to 9 pp and RevPAR was down by 21 to 23 per cent. However, the country’s average rates showed true resilience, holding firm despite the seasonal slowdown and the heightened tensions with Pakistan. Average rates in May 2025 saw robust year-on-year growth, with double-digit gains in several cities.
