This has been indicated by the lately launched ‘HVS-ANAROCK Hotels & Hospitality Overview – July 2024’.
In June 2024, home air passenger site visitors grew by almost 6% year-on-year. Further Kochi registered the highest increase in occupancy rate, growing by 7 pp year-on-year, a notable rise in comparison with different cities.
Meanwhile, each Hyderabad and Mumbai skilled declines in year-on-year occupancy charges, starting from 1-3 pp. Both cities, nevertheless, noticed substantial will increase in common charges, with Hyderabad main with over a 9% year-on-year
During the month, Goa and Kolkata have been the solely markets to expertise declines in common charges when in comparison with June 2023, with Kolkata’s charges dropping by almost 6% from May 2024 as effectively.
