HVS ANAROCK Hotels & Hospitality Review

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Key Highlights

  • Domestic air traffic dropped by 63% in May 2021 in the aftermath of the second wave of the pandemic in India.

 

  • Hotel occupancy in most cities witnessed a m-o-m decline as leisure and business travel was limited due to the restrictions and lockdowns in various states.

 

  • Mumbai, Ahmedabad, and Chennai observed the highest occupancy in the country (31-35%) during the month.

 

  • Hotels have been focusing on alternative customer segments to survive, with some tying-up with hospitals to provide isolation & quarantine facilities. This has impacted the average rates in the market.

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