With the emergence of recovery indicators, the hospitality sector has also witnessed a revival in room demand in the last quarter of 2020, as compared to the previous quarters of the year. Occupancy levels have grown month on month since September 20 to cross 35% sector-wide in November 20 (as per STR data), the highest since the lockdown in March 20. This revival has primarily been driven by leisure ‘revenge travel’ during weekends and the festival season, weddings and F&B demand.
Goa, witnessed considerable growth in recent months achieving a market-wide occupancy level of almost 55% in November 20. Luxury and upper upscale hotels in Goa performed well in November 20, achieving healthy occupancy levels ranging between 60% and 70% as compared to occupancy levels in Nov’19 that ranged between 65% and 75%.
Denne historien er fra February 2021-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 February 2021-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...
