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HOSPITALITY BIZ n JANUARY, 2025WWW.HOSPITALITYBIZINDIA.COM22 STATISTICS & ANALYSISHBI Staff | HyderabadThe Indian hotel industry witnessed remarkable growth in November 2024, with occupancy rates increasing by 8-10% year-on-year and 10-12% compared to October 2024, according to the latest HVS ANAROCK Hospitality Monitor - December 2024. The sector also saw a notable rise in Average Room Rates (ARR) by 11-13%, driving Revenue Per Available Room (RevPAR) growth to pre-pandemic levels.Mumbai led the performance with an occupancy rate exceeding 80%, fueled by MICE events and high-profile gatherings like Dua Lipa%u2019s concert. Pune recorded the highest occupancy growth (12-14%), driven by the India International Travel Mart 2024. Bengaluru, Jaipur, and Chandigarh also reported double-digit occupancy growth compared to November 2023.While most markets recorded an increase in ARR, Hyderabad showed the most significant growth at 28-30%, followed by Bengaluru and Kochi at over 20% each. Conversely, Ahmedabad witnessed a sharp 27-29% ARR decline due to the previous year%u2019s inflated rates during the ICC Cricket World Cup Final.The report also highlighted increased branded hotel signings, with a 44.3% rise in keys year-to-date, signaling confidence in the industry%u2019s future. With improved domestic air traffic and growing MICE demand, the Indian hotel sector continues to position itself for sustained growth into 2025. nIndian Hotel Sector Registers Robust Growth in November 2024 : HVS ANAROCK Report