HVS ANAROCK Hotels & Hospitality Review – June 2021 Edition
Key Highlights
- Domestic air traffic dropped by 63% in May 2021 in the aftermath of the second wave of the pandemic in India.
- Hotel occupancy in most cities witnessed a m-o-m decline as leisure and business travel was limited due to the restrictions and lockdowns in various states.
- Mumbai, Ahmedabad, and Chennai observed the highest occupancy in the country (31-35%) during the month.
- Hotels have been focusing on alternative customer segments to survive, with some tying-up with hospitals to provide isolation & quarantine facilities. This has impacted the average rates in the market.
