Check out the July 2023 edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.

Key highlights include:

  • Domestic air traffic in India was 19% higher in June 2023 compared to June 2022, despite a slight decline from the previous month.
  • The India-wide occupancy rate in June 2023 increased slightly compared to the previous month, but most major markets saw a drop in average rates during the same period, despite managing to remain well above the pre-pandemic levels.
  • Q2 2023 witnessed a strong increase in rates compared to Q2 2022, which boosted RevPAR despite a minor decline in occupancy rate.
HVS ANAROCK Hotels & Hospitality Overview, July 2023— Source: HVS
HVS ANAROCK Hotels & Hospitality Overview, July 2023— Source: HVS

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

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