According to JLL, previous years had seen promising and consistent growth in occupancy and average daily rate (ADR) levels across key cities world over. India was no different.
average daily rate (ADR)
Posted inBusiness
‘Indian hospitality sector to incur an estimated total revenue loss of approx INR 90,000 Cr in 2020,’ says HVS Anarock
Pre-COVID-19, over 11,500 rooms were to be added in both 2020 and 2021; now, only 15-20% of anticipated 2020 supply expected