Report
HVS ANAROCK Hotels & Hospitality Review – July 2021
Key Highlights
- Domestic air traffic increased by over 47% in Jun 2021 compared to May 2021 as travel restrictions started easing across states in India because of the declining COVID cases in the country.
- Hotel occupancy in all the major cities witnessed a m-o-m increase with the revival in leisure travel. Mumbai observed the highest occupancy (51-53%) in Jun 2021, followed by New Delhi (39-41%), primarily driven by staycation and weekend businesses.
- Hotel stocks are seeing an upward trend due to the increasing positivity towards the sector, with IHCL outperforming the market in recent months.
- Brand openings & signings by properties have increased marginally in 1H21 compared to last year. In 1H21, hotel operators have signed smaller hotels with increased focus on Tier 3 & Tier 4 cities.
Please click here to read the complete report.
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News2 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News3 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances