Report
HVS ANAROCK Hotels & Hospitality Review – June 2021 Edition


Key Highlights
- Domestic air traffic dropped by 63% in May 2021 in the aftermath of the second wave of the pandemic in India.
- Hotel occupancy in most cities witnessed a m-o-m decline as leisure and business travel was limited due to the restrictions and lockdowns in various states.
- Mumbai, Ahmedabad, and Chennai observed the highest occupancy in the country (31-35%) during the month.
- Hotels have been focusing on alternative customer segments to survive, with some tying-up with hospitals to provide isolation & quarantine facilities. This has impacted the average rates in the market.
To read the complete report Click here.
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column3 weeks ago
TARC Tripundra achieves Rs 350 cr sales