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HOSPITALITY BIZ n FEBRUARY, 2025WWW.HOSPITALITYBIZINDIA.COMSTATISTICS & ANALYSIS 23same period in CY2023.ARR trends revealed positive developments, with nearly all major commercial markets recording strong year-on-year growth during Q4 CY2024, barring Ahmedabad. December 2024 continued this momentum, with ARR rising across key markets, except for Goa, where only slight growth was noted. Despite this, Goa retained its position as the market with the highest ARR, exceeding INR 14,000. Kochi once again stood out as a high performer, leading the year-on-year ARR growth chart due to strong demand. n
