Mumbai is leading in terms of hotel occupancy (74.2 per cent), according to a recent report by HVS Global Hospitality Services. As expected in the second year of the up-cycle, all major markets tracked witnessed an increase in revenue per available room (RevPAR) except Agra. Interesting to note, Noida saw …
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65.6% occupancy for hotels
The nationwide occupancy for all branded hotels was 65.6% in 2016-17. The hotels that have existed since 2012-13 achieved 68.4% occupancy last year, according to a report by HVS Global Hospitality Services. Hotels that have been operating since 2013-14 clocked 67.9 per cent occupancy in 2016-17. On the average rate …
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