HVS ANAROCK MONITOR, October 2024

October 29, 2024
By Dipti Mohan , Dhwani Gupta , Shivansh Agarwal

Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.

Key highlights include:

September 2024:

Sustained demand growth has led to consistent improvements in occupancy rates across key markets in September 2024, compared to the same period last year
During the month, the average rates showed varied trends across key markets.

Q3 CY2024:

An increase in occupancy rates was seen during Q3 CY2024 over the same period in CY2023, across all markets except Mumbai.
Goa stands out as the only market to experience a decline in average rates when compared to both, the previous quarter and Q# CY2023.

About Dipti Mohan

Dipti Mohan, Associate Vice President - Research with HVS South Asia, is a seasoned knowledge professional with extensive experience in research-based content creation. She has authored several ‘point of view’ documents such as thought leadership reports, expert opinion articles, white papers, and research reports across industries including hospitality, real estate, infrastructure, cement, and construction. Contact Dipti at [email protected]

About Dhwani Gupta

Dhwani Gupta, Associate - Research with HVS South Asia, studied literature for her undergraduate and believes that you can do anything with the right amount of research. After graduating, she pursued a course in Management and Liberal Arts which gave her a wider perspective of the world. As a result, the more difficult a topic is, the more fun she has writing it. Contact Dhwani at [email protected]

About Shivansh Agarwal

Summary
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This is a monthly industry update that highlights the key trends in the Indian hospitality industry.

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