Boom Time for Hospitality Industry

Follow Prabhjot Bedi on Twitter As per the survey of a global hospitality consultant, M/S HVS International, hospitality industry continues to have good time in future.

As per the study, Bangalore has enjoyed highest room occupancy of 82% with highest average rental rate (ARR) of Rs.12,100/- The occupancy and ARR, in respect of other cities, such as Kolkota pegged at 77% & Rs.4500, Chennai 79% $ Rs.5850 and Delhi 78% & Rs.9750 respectively. Though traditionally, April to August is considered to be a lean season for hotel industry in India, yet there are certain destinations like Kerala and Goa which are round-the-year-destinations
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