As hoteliers prepare for much-needed business recovery, it is time to get creative while driving revenue for their room inventory
Revenue Per Available Room (RevPAR)
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India’s hospitality sector witnessed a 169.4% YoY increase in RevPAR in Q3 2021: JLL report
At a pan India level, there has been a 122.9% growth in RevPAR in Q3 2021 as compared to Q2 2021
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Embracing a tech-first approach
The pandemic made digital transformation mandatory for the hospitality industry, which is not necessarily a bad thing
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Domestic leisure travel will continue to drive occupancies across the country: Jaideep Dang
The recovery of the sector has been primarily driven by leisure ‘revenge travel’ during weekends, festival season, weddings and demand of food & beverage.
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India’s hospitality industry sees 52.8% decline in RevPAR during the first three quarters of 2020: JLL
All key 11 markets in India reported a significant decline in RevPAR Performance in Q3 2020 Y-o-Y. 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
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India’s hotel industry reports a decline of 43.5 % in RevPAR in H1 2020
Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81 per cent in Q2 2020 compared to Q2 2019