Hospitality

Nearly 6,800 hotel rooms to come up in NCR, Mumbai next year

DELHI

Delhi-NCR and Mumbai are likely to witness significant increase in supply of hotel rooms with addition of nearly 6,800 keys by the end of 2015, according to a report by realty consultant Cushman & Wakefield.

So far this year, about 1,000 rooms have been added in these two major hospitality markets.

“Two prime markets in India, Delhi-NCR and Mumbai are expected to see an addition of 6,798 rooms by the end of 2015,” Cushman & Wakefield said in a statement.

During 2014, Delhi-NCR and Mumbai hospitality markets have shown a downward trend in Average Occupancy Rate (AOR) whilst the Average Daily Rate (ADR) in both cities have recorded an increase of 2 per cent.

Occupancy level in Mumbai dropped to 64.2 per cent in 2014 from 66.4 per cent and in Delhi-NCR to 49.4 per cent from 54 per cent.

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