India s domestic air traffic falls 37% to 78 lakh passengers in February: Report
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India s domestic air traffic falls 37% to 78 lakh passengers in February: Report
PTI / Mar 8, 2021, 23:28 IST
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(Representative image)
MUMBAI: India s domestic air traffic fell 37 per cent year-on-year to 78 lakh passengers in February amid travel curbs and capacity restrictions due to the pandemic, according to Icra.
Even the sequential growth slowed down for the second consecutive month in February with a nearly flat growth over January 2021, rating firm Icra said in a release.
Domestic passenger traffic in January this year was recorded at 77.34 lakh, according to DGCA data.
Similarly, 1.23 crore people travelled on local routes in February 2020 as against 78 lakh passenger in February this year.
Delhi witnessed a 74.4% YOY decline in RevPAR during Q42020, Mumbai RevPAR declined by 58.4% : JLL
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Synopsis
While the RevPAR decline was steep, Jaideep Dang, managing director, Hotels and Hospitality Group, South Asia at JLL said post the unlocking of the country, Delhi’s hospitality sector observed a month-on-month increase in occupancy levels during Q42020.
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Delhi has seen a significant decline of 74.4% in revenue per available room (RevPAR) during Q4 2020 as compared to Q4 2019, according to the recent Hotel Momentum India (HMI) Q4 2020 by
JLL. Due to the pandemic, the city witnessed a 35.7pp decline in occupancy and a 52.7% decline in average daily rates (ADR). Owing to the nationwide lockdown and travel restrictions due to the pandemic, the hospitality sector in the city witnessed a 57.4% decline in RevPAR during January to December last year, compared to 2019.
Domestic air travel demand contracted by 41 per cent year-on-year to around 76 lakh passengers in January with sequential growth also slowing down to 3.5 per cent during the month over December 2020, a report said on Monday.