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22 STATISTICS & ANALYSIS HOSPITALITY BIZ SEPTEMBER, 2024
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Goa Sees Slight Dip in Hotel Rates : HVS ANAROCK

Hotels & Hospitality Review - August 2024

HBI Staff | Hyderabad

ccording to the report, in July 2024, India’s
domestic air passenger traffic saw a notable
year-on-year growth of over 7%, reflecting
Athe ongoing recovery in the travel sector.
Pune and Chennai topped the charts with the highest
occupancy rates, ranging between 76-79%. Kolkata, New
Delhi, and Chandigarh also showed strong performance,
each registering an occupancy growth of 6-8 percentage
points compared to the previous year. Average rates
climbed significantly across most markets, with Mumbai
maintaining the highest rates at over INR 10,500, a 21-23%
rise from last year, despite a slower increase in occupancy
rates. Meanwhile, Goa experienced a slight dip, with rates
falling by 3-5%, though still above INR 8,500. n

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