Indian Market & Trends

Kolkata scores high on hotel occupancy, says survey


Kolkata retained its position as the best-performing hotel market in terms of occupancy (72 per cent) for FY14, according to a recent HVS Trends & Opportunities Survey report.

While Mumbai (including Navi Mumbai) registered the highest average rate (Rs 7,105), Goa had the highest revenue per available room at Rs 4,778. Mumbai continues to be in the top position for existing supply of branded rooms, followed by Delhi and Bangalore.

The number of hotels for FY14 rose to 814, showing a 13.5 per cent growth year-on-year, compared to 717 hotels with a growth of 30.1 per cent in FY13. The number of branded hotel rooms stood at 103,855 for FY14 and it is expected to touch 150,702 by FY19.

Full report here Business Standard


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