Market Report: India Hotel Market Review 2020

Jointly prepared by Horwath HTL India and STR, the annual report analyses hotel sector performance in an exceptionally challenged year marred by a global pandemic.

It’s a tale of massive occupancy drops, ADR and RevPAR declines.

For a more realistic insight, the reports presents performance for the Pandemic period (Mar-Dec) and Q4-20, alongside the full year.

Full year Occupancy was 34.5%, the pandemic period was at 27.8%; however Q4-20 gives some heart with improvement to 37.9%.