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India Hotel Market Review Report 2018: STR - Horwath

Thursday, March 28, 2019, 17:34 Hrs  [IST]

STR and Horwath released the year-end India Hotel Market Review 2018 report. The report has been compiled by analysing the performance of 1,100 hotels in 13 key cities in the country, which translates into 67% of the total chain-owned/managed/affiliated industry. As per the report, at all India level, in 2018, occupancy was the highest for the last 10 years; ADR the highest since 2012. RevPAR for Mumbai, Hyderabad, Pune and Jaipur were the highest of the last 10 years; for Ahmedabad, Bengaluru and Delhi, it’s the highest since 2010, 2011 and 2012 respectively. On average, 90k rooms were sold per day by hotels in India.

As per the report room rate and occupancy positivity remained strong across all segments, highest being in the Midscale and Economy segment of the hotels at 6.62%. Among the 13 cities from which data has been compiled, Delhi registered the highest RevPAR change year on year at 11.6%, followed by Pune 11.1% and Hyderabad 8.6%. Kochi and Goa had shown a negative growth in RevPAR, of 3.6% and 0.9% respectively.

Among cities, Bengaluru now has the largest inventory crossing 14,000; as a metropolitan area. Chennai is on the threshold of being the fourth city to cross 10,000 room mark in 2018. While Bengaluru dropped occupancy due to continued supply addition, its RevPAR crossed 4k for the first time since 2010. Hospitality Biz presents the highlights of the report.

Lux-UpperUp Performance - India and Key MarketsSource

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