HVS ANAROCK MONITOR, November 2024

This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Dipti Mohan 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:

October 2024:
  • October 2024 witnessed a nationwide decline in occupancy rates from both the previous year and the previous month.
  • On the other hand, nationwide average rates increased by nearly 10% from the previous month and nearly 6% from October 2023.
  • Year-to-date (YTD) October 2024 saw strong momentum in hotel signings, with 33,407 keys signed across 333 properties, representing a robust 45% year-on-year growth in keys signed.
  • 8,073 keys across 119 properties opened by YTD October 2024, with majority of the openings concentrated in Tier 3&4 markets.
 

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 dmohan@hvs.com

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 dgupta@hvs.com

 
Shivansh Agarwal, Research Analyst at HVS South Asia, holds a degree in Electronics and Instrumentation Engineering. With a strong passion for research and consulting, he brings a unique technical perspective to his work. During his time at Manipal, Shivansh was actively involved in the Consulting Club, serving as Vice President, which further fueled his interest in problem-solving and strategic analysis. His ability to blend technical knowledge with research-driven insights makes him a valuable contributor to the team. Contact Shivansh at shivansh.agarwal@hvsanarock.com.

0 Comments

Submit a Question or Comment