Nationwide occupancy of 67.5% highest in a decade in 2023-24: Hotelivate Report

India's branded hotel sector achieved a 67.5% nationwide occupancy rate in 2023-2024, the highest in a decade, with an average daily rate of Rs 8,055. Mumbai, New Delhi, and Hyderabad led the occupancy rates. Five-star deluxe hotels saw a 147.4% increase in revenue per available room. The industry anticipates significant growth in hotel room supply.
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