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.
RevPAR (Revenue per available room)
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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
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Jaideep Dang, managing director – Hotels & Hospitality Group, JLL talks about how business cities and lesiure markets will drive demand
For the hospitality sector, we observe that RevPAR has grown by 2.6% over the last year