Synopsis
According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors such as improvement in leisure travel, steady demand from corporate travel, and large events and conferences have contributed to the improvement in occupancy.
ET Intelligence Group: India’s hotel sector is on the verge of a turnaround as business and leisure travel gather momentum. The average occupancy rate, considering several key destinations, has surpassed the pre-pandemic level.
According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Why ?
-
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise