As the world around us changes, we are all looking for ways to keep ourselves occupied. For students, this often means finding new and inventive ways to keep learning. And for parents, it can mean finding new and interesting places to travel to with their families. Recently, a study released by Colliers has found that the Indian hotel performance is much better than the pre-Covid levels. This is great news for both Indian students and parents alike! With more hotels becoming available, parents now have more choices when it comes to picking a family vacation spot. And for Indian students, this is just another sign that India is on the rise! With all of the recent growth in the country’s economy.
We all know that the hotel industry in India is doing better than it was before Covid. There are many reasons for this, but one of the most important ones is that people are now more willing to travel within India. There are many great places to see and things to do, and with the improved performance of the hotel industry, it’s easier than ever to find a place to stay. So if you’re looking for a great vacation spot, India should be at the top of your list!
In this blog, We will share how India hotel’s performance is much better than the pre-Covid levels
The Indian hotel industry is once again booming. In April 2022, the Indian hotel sector showed stability and development across all performance parameters.
According to HVS Anarock’s Indian Hotels and Hospitality Overview, Indian hotels have exhibited either stability or growth in all three performance indicators, both year over year and compared to the equivalent month of April 2019.
The nationwide hotel occupancy rate was between 64 and 66 percent, which, according to the data, is comparable to the occupancy rate in April 2019, when business as usual. Occupancy levels in April 2022 were likewise 3 to 5 percentage points higher than in March 2022.
According to the research, there was a discernible improvement in average daily rates in April 2022 compared to the same period in 2019.
The ADR of hotels in the range of INR 5750 to INR 5950 was 2 to 4% higher than the ADR of Indian hotels in April 2019.
The same may be said for hotel RevPAR. In April 2022, compared to April 2019, the RevPAR increased by 1-3 percent, ranging from INR 3680 to INR 3927.
Mumbai stood out among the cities in terms of occupancy, which was above 80% in April 2022, owing to the Indian Premier League IPL and other major events in the city.
The India hotel’s performance is much better than the pre-Covid levels. International Institute Of Hotel Management (IIHM) has come up with a plan to make your career in hospitality and travel companies. We will help you to get placed in top hotels across the globe. Our placement cell is working day and night to provide 100% placement assistance to our students. So, don’t wait any longer and join us today!