India Hospitality Industry Overview 2023 by HVS ANAROCK
Global
India-wide occupancy to improve to 66-67% in 2024, with a 6-8% increase in ARR: HVS ANAROCK
The performance of the Indian hotel sector in 2023 mirrored optimism, with key performance indicators such as occupancy rate, average rate (ARR), and Revenue Per Available Room (RevPAR) witnessing significant growth
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