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HOSPITALITY BIZ n FEBRUARY, 2025WWW.HOSPITALITYBIZINDIA.COM22 STATISTICS & ANALYSISIndian Hospitality sector steady in recovery, December 2024 sees positive momentum inOccupancy and ARR growthHBI Staff | HyderabadThe Indian hospitality industry has continued its steady recovery, with December 2024 reflecting year-on-year growth in occupancy rates and average room rates (ARR), according to the latest HVS-ANAROCK Hotels & Hospitality Monitor %u2013 January 2025. While the sector is edging closer to preCOVID levels, significant variations in performance were observed across key markets.Occupancy rates for December 2024 showed encouraging signs, with Mumbai, Kolkata, Ahmedabad, and Kochi crossing the 80% threshold. Mumbai emerged as the frontrunner, registering the highest occupancy at 81-83%, while Kochi displayed remarkable year-on-year growth, improving by 5-7 percentage points. However, not all markets shared the same trajectory, as Chandigarh and Hyderabad reported slight declines in occupancy, ranging from 2-5 percentage points.The sector%u2019s performance in Q4 CY2024 highlighted a notable recovery compared to the preceding quarter, although pre-COVID occupancy benchmarks remain elusive. Among the cities, Jaipur stood out with the highest increase in occupancy from Q3 CY2024, whereas Bengaluru, Chennai, Pune, Gurugram, and Hyderabad experienced a dip. Encouragingly, year-on-year occupancy growth was observed in Q4 CY2024 across most markets compared to the