According to HVS Anarock’s ‘Hotels & Hospitality Overview’, February 2024 witnessed a year-on-year (YoY) spike in average room rates (ARRs) across the country, further underscoring the sector’s recovery momentum. Particularly noteworthy is the surge in rates observed in Delhi and Hyderabad, where prices surged by 17-18 per cent. The optimism reverberating through the hospitality sector is mirrored in the financial markets as well. Key hotel stocks have witnessed substantial growth, with their prices soaring by an impressive 50-160 per cent YoY.
