Take a look at the June 2023 version of the HVS ANAROCK month-to-month trade replace, Accommodations & Hospitality Overview (H2O), for the important thing tendencies within the Indian hospitality trade.
Key highlights embody:
- Regardless of the halt in operations of Go First Airways, the variety of home air passengers in India has been steadily surpassing the pre-COVID ranges. In Could 2023, home air site visitors elevated by 15% year-on-year, crossing the 1.3 cr mark for the primary time since December 2019.
- The occupancy charges within the nation have witnessed a minor decline year-on-year indicating that demand is normalizing.
- The common charges, alternatively, continued their robust development development and remained considerably above the pre-pandemic ranges.
