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SPECIAL REPORT

I ndia Hotel Review Report - 2017

STR and Horwath HTL together prepared the India Hotel Review Report - 2017 in which Occupancy (Occ), Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) were examined across 13 key markets of India which carry 68% of total chain-owned/managed/affiliated inventory. Hospitality Biz presents highlights.

Wednesday, April 18, 2018, 17:00 Hrs  [IST]







India Regions-YoY RevPAR Change



Key Markets

Mumbai
Occ growth to 75%; 3.4% ADR growth and 5.4% RevPAR. A strong performance on the face of it; but it remains under-whelming.

Delhi & NCR Others
69% Occ at about USD 100 (got there only because the Rupee got stronger) is what the capital city reports. Other areas of NCR have Occ at 60% and ADR marginally above 4k reflect softness in demand growth.

Bengaluru
A good year. Occ up to 68.8%; ADR with INR 240+; and 10.6% RevPAR.

Chennai
A prolonged struggle between supply and demand growth. Over 5,600 rooms added since 2010; demand has grown by 3,200 rooms per night. City-wide Occ marginally declined to 62.2%; it has remained flattish for 3 years now. City-wide rates grew 3% in 2017, but have been flattish for 4 years now.

2017 performance of Regions compared to 2016



 
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