Hotels need to bring in change in not just the way they benchmark but also how different cost and revenue streams are accounted for
Revpar
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74% of hospitality sector faces negative credit profile: ICRA
The second wave has derailed the industry’s recovery by almost three quarters
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India’s hospitality industry sees a decline of 38.7% in RevPAR during Q1 2021: JLL report
Additionally, RevPAR in the top six cities has decreased by 48% in Q1 2021 as compared to Q1 2020.
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Hilton Q1 2021 results: Posts net loss of $109 million for the first quarter
Adjusted EBITDA was $198 million for the first quarter
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‘Delhi witnessed a significant decline of 74.4% in RevPAR during Q4 2020,’ says JLL’s Hotel Momentum India report
Delhi’s hospitality sector observed a month on month increase in occupancy levels during Q42020.
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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)
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Market: The evolution of Rajasthan’s hospitality industry
The state’s world-class hotel network has benefitted from the emergence of new market segments such as MICE and destination weddings. It, however, continues to grapple with some age-old problems on the infrastructure and ease-of-doing business fronts