Hotel occupancy falls 31% in January
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Synopsis
Industry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew marginally in January from the previous month.
ET Bureau
New Delhi: The occupancy rate for India s hotels in the first month of 2021 was 29-31% lower compared with a year earlier, according to hospitality consultancy HVS Anarock.
Industry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew marginally in January from the previous month. But they estimate February to be a better month operationally for the sector, with occupancy levels possibly breaching the 50% mark for the first time since February last year.