India’s hotel industry reported an improved performance for 2010, led by an increase in occupancy that offset the fall in average daily rate and resulted in improved revenue per available room (revPAR), according to data from STR Global.
India’s revPAR increased by 6.2% during 2010 compared with 2009, boosted by an 11.4% revPAR gain in Goa, an 8.1% rise in Delhi and a 7.4% rise in Chennai.
Among the leading markets, Hyderabad reported a revPAR decline of 3.3%, which was attributed to the addition of significant supply, limiting occupancy gains.
Mumbai’s occupancy increased by 14.5% during 2010 from 2009.
The report revealed there are 46,000 rooms due to open before 2015, representing a 30% increase.