revpar change in key markets anarock...hotels, restaurants & weekly markets in delhi were also...
TRANSCRIPT
Hotel demand in the country remained subdued in July, even a month after hotels were first allowed to reopen, with COVID-19 quarantine business and Vande Bharat Mission being the primary demand drivers.
Both business & leisure travel have not yet picked up in the country mainly due to increasing cases and di�erent travel and quarantine rules across the states.
Hotels, restaurants & weekly markets in Delhi were also allowed to reopen in August on a trial basis after being shut for almost five months.
Hotel companies & owners are deferring or postponing their hotel openings & signings due to the current uncertainty.
Occupancy Change1
India & Other Key Asian Markets
1 Occupancy % change July 2020 vs July 2019
Buddhist tourism in India, the Land of the BuddhaAUG
03
Opening New Revenue Streams in theHospitality Sector
AUG
10
Quality Hotel Supply is the Key toDeveloping Fledgling Tourist Destinations
AUG
17
Hotel SectorKey Stats (India Average)
ADR
Occupancy
RevPAR
By PropertiesBy Keys
Branded Hotels2
Signings in July 2020
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Signings
03
300
Source: HVS Research
General Manager’s Sentiment Survey | 1
General Manager’s Sentiment Survey
2020 Outlook
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RevPAR Change in Key MarketsY-o-Y (%) July 2020
Source: HVS Research
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AUG
24
2 Data collated by HVS from 21 Hotel Operators as of 24th August 2020 for the month of July 2020
0-20%20-40%40-60%60-80%
80-100%
Chennai
BengaluruKochi
Goa
Kolkata
Pune
MumbaiHyderabad
Key Highlights
4
M-o-M(%)
3-6%
10-13%
16-19%
Y-o-Y(%)
New Delhi
1
2
3300
JUL2020
36-39%
62-65%
76-79%
JUL2020
39-42%
66-69%
79-82%
JUN2020
36-39%
75-78%
84-87%
MAY2020
26-29%
80-83%
85-88%
APR2020
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SEP
08
India 62-65%
Thailand 71-74%
China 20-23%
Malaysia 64-67%
Singapore 12-15%
ADR
Occupancy
RevPAR