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Report

HVS ANAROCK Hotels & Hospitality Overview – May 2021

ANAROCK-HVS-revised

Key Highlights

  • Fresh restrictions and lockdowns in various states resulted in subdued travel demand in April 2021.
  • As a result, domestic air passenger traffic declined by over 26% during the month compared to March 2021.
  • Nationwide hotel occupancy has also declined M-o-M but witnessed a strong Y-o-Y growth compared to the previous year’s low.
  • Several hotel companies have tied up with hospitals to provide isolation & quarantine facilities to mildly symptomatic and asymptomatic patients, helping reduce the acute shortage of hospital beds in the country.

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