New Delhi, October 29: If you are thinking of the right time to repoen your holiday home or hotel, this is it! Ever since the outbreak of coronavirus pandemic, the hospitality segment was brought to a grinding halt by the pandemic. The sector is slowly limping back to normalcy and is seeing an improvement in demand as hotel occupancy in the country improved in the last two months. According to a report by HVS India and Anarock, the hotel occupancy improved 10-12 percent in September 2020 compared to that in August 2020.
The 'HVS-ANAROCK Hotels & Hospitality Overview - October 2020' showed that last month, average occupancy stood at 24-26 percent. "The hotel sector is showing early signs of recovery with occupancy improving M-o-M across most major markets driven by the gradual revival of domestic leisure travel in the country," the report said.
According to the report, leisure destinations such as Goa and Jaipur have been witnessing a noticeable improvement in occupancy as people started travelling for a change of pace, albeit to destinations closer to their cities. It adds saying that with the growth in demand, the revenue per available room (RevPAR) also improved 12-14 percent to Rs 815-935. The average daily rate (ADR) of Indian hotels stood at Rs 3,400-3,600, 2-4 per cent higher on a month-on-month basis.