HVS ANAROCK MONITOR, January 2025

January 30, 2025
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:

December 2024:

Occupancy rates in December 2024 experienced steady year-on-year growth, aligning closely with pre-COVID levels for the same period.
Average Room Rates (ARR) maintained their upward momentum, though the pace of year-on-year growth has begun to stabilize.

Q4 CY2024:

Q4 CY2024 performance saw a recovery with respect to last quarter. Pre-COVID occupancy rates are yet to be crossed.
An increase in occupancy rates was seen during Q4 CY2024 over the same period in CY2023, across all the markets.
Barring Ahmedabad, all major commercial markets recorded strong year-on-year growth in average rates during Q4 CY2024.

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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