India’s hospitality industry witnessed a decline of 52.8% in Revenue Per Available Room (RevPAR) during January to September (YTD Sept) 2020 over the same period last year due to the impact of COVID-19 pandemic, according to JLL’s Hotel Momentum India (HMI) Q3 2020, a quarterly hospitality sector monitor.
Overall, in inventory volume, the brand signings declined by 19% in Q3 2020 over Q3 2019. However, international operators signed a greater number of keys than domestic ones.
All key 11 markets in India reported a decrease in RevPAR Performance in Q3 2020 over the same period last year. Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019 whereas Bengaluru saw the sharpest decline in RevPAR in Q3 2020, with 88.1% decline compared to the same period in the previous year.
Denne historien er fra December 2020-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2020-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Fools Abound! Are you one?
Dominic CostaBir discusses events, and the lessons he learnt.
The AI-Powered Future of Guest Experiences
Explore how Al, automation, and cutting-edge technologies are revolutionizing the hospitality industry, ushering in an era of personalized service, efficiency, and innovation.
Embracing the Future
Five key hospitality trends to watch out for in 2025.
So, What's the New Year Plan?
As hoteliers come up with enticing packages for the year-end, here is how you can welcome the New Year in style.
"Targeting a total investment of ₹1,000 crore!"
Amrita Gupta, Chief Interior Designer & Director, Manglam group, sheds light on the group's new hospitality project in Jaipur, expansion plans and future growth targets.
"Aim to operate 100 properties by March 2025"
Founder and CEO of The Hosteller, Pranav Dangi shares insights into the rapid expansion of India's biggest brand-operated chain of backpacker hostels that foster community and culture.
Cocktails Go Arty?
Artisanal cocktails that emphasise creativity, high-quality ingredients, and unique, thoughtful presentation are making waves in the hospitality F&B scene.
Why luxury hospitality is rising in India's Tier-2 and 3 cities?
Analysing the current landscape, the factors driving growth, and the emerging trends shaping the luxury hospitality sector.
50 in 5
Vikramjit Singh, Chairman & Managing Director, Alivaa Hotels & Resorts, targets 50 properties in five years, aiming to revolutionise India's mid-market hospitality.
THE GRAND JURY MEET
Setting the stage for the 15th Hotelier India Awards 2024...
