HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Special Report
SPECIAL REPORT

Indian hotel market remained ‘stuck in orbit’ despite favourable demand-supply equations: Hotelivate A nnual Report

Thursday, October 24, 2019, 18:00 Hrs  [IST]

Indian Hospitality – Trends & Opportunities Report 2019 released by leading hotel consultancy firm, Hotelivate after analysing the performance metrics of 1068 branded hotels spread across 13 cities in the country has noted that the industry remained 'stuck in orbit' and failed to reap the benefits of the extremely favourable market conditions and demand-supply equations. The annual report for 2018/19 said that the 'occupancy and ARR barely moved' despite favourable demand and supply equations across the country. The nation-wide hotel occupancy grew only 1.4% over last year to reach 66.7% in 2019. While hotels across all star-categories witnessed RevPAR growth last year, the highest growth was in the 2-star category, 18%. Another notable performance was in the 5-star deluxe category. The segment witnessed the highest ADR of INR 10,656. In the occupancy front, except for Bengaluru which witnessed a degrowth of 3.4% largely because of consistent flow of new supply, all other markets experienced robust occupancy growth. On the supply side, Bengaluru witnessed highest y-o-y supply change of 13.4% to become the second largest branded hotel market in India after Delhi (14,730).

The city is expected to overtake Delhi as the top hotel market in terms of number of rooms in the next one year.



PERFORMANCE OF EXISTING HOTELS (2014/15-2018/19)



PERFORMANCE OF NEW HOTELS (2014/15-2018/19)





ROOM NIGHT DEMAND VS AVAILABLE ROOM NIGHTS (2004/05 - 2018/19)







 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES