Q2 2022 RevPAR grew by 44.6% as compared to Q1 2022 on the back of summer holidays, weddings, and MICE demand
JLL report
Posted inOperations
Indian hospitality sector witnessed a 39.1% YoY RevPAR growth in Q1, 2022 – JLL
It is the result of post Covid third wave in January 2022, which lead to demand for leisure, wedding, and business travel
Posted inBusiness
Bengaluru hotel sector performance sees sharpest decline in RevPAR ; slumps by 59% in YTD July 2020 : JLL report
Hotel occupancy sees 53 % decline in YTD July (y-o-y)
Posted inBusiness
Hotel industry witnessed 18.5% decline in RevPAR in the first quarter of 2020, says JLL’s new report
All major 11 markets of India – Ahmedabad, Bengaluru, Chennai, Delhi, Goa, Gurugram, Hyderabad, Jaipur, Kolkata, Mumbai, and Pune – witnessed a decline in the Revenue Per Available Room (RevPAR) in the first quarter of 2020
Posted inBusiness
Post-COVID, hospitality will have to be nimble and visionary, says JLL’s new report
Significant flight and hotel cancellations have been witnessed across major markets for both February and March 2020