Hotels witness decline in revenues in Jan
As the Indian hospitality sector is yet to recover completely from the pandemic-induced slowdown, the revenue per available rooms (RevPAR)
New Delhi: As the Indian hospitality sector is yet to recover completely from the pandemic-induced slowdown, the revenue per available rooms (RevPAR) of hotels in the country declined by 4-6 per cent in January on a month-on-month (MoM) basis, said a report by HVS and Anarock. The RevPAR in January stood in the range of Rs 1,900-2,100, showed the report. On a year-on-year basis, the decline was worse, and revenue was 52-54 per cent lower.
The average daily rate declined by 6-8 per cent to Rs 4,100-4,300 during the month under review. On a year-on-year basis, ADR was down 31-33 per cent. The occupancy rate, however, marginally increased by 1-2 per cent to 46-48 per cent. Domestic air passenger travel continued to improve on a month-on-month basis, increasing by 5.6 per cent in January 2021 compared to December 2020.
