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.

Advertisements