Hotels in for a suite time as occupancy nears 70%
Rs 5,759 – Average room rate (ARR) in FY18 for all hotels, up 1.5% on-year
Hotel industry in India saw a 66.6% occupancy in last fiscal, the highest in a decade and a key driver of revenue per available room (RevPAR) clocking its best performance since FY11, says Hotelivate.