Market Report: India Hotel Market Review 2020
By Vijay Thacker on 4. February 2021
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%.