- Compared to Quarter1 FY20 decline of 1%, revenue per available room (RevPar) picked up in ensuing months with 3% YoY growth in August as the situation normalised following one-off impacts of spike in airfares & election.
- City-wise markets of Mumbai, Bengaluru and Hyderabad remain the strongest with Goa and Kerala also picking up. Chennai and Ahmedabad continue to remain weak.
- The recent GST cut – positive for the sector at large – benefits the luxury segment the most and is likely to spur its average room rate (ARR). With a sharp jump in the industry ARR awaited, margins of asset-heavy players are likely to expand only marginally.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
Found this insight useful?
Please share with your friends and family as well. You can also subscribe to one of our channels listed at the bottom of this page.