Top News India’s hotel industry on the mend By TTG Asia / Posted on 12 August, 2021 13:24 After a rapid decline due to a second Covid-19 wave, India’s hotel industry has seen a continued increase in occupancy due to the progressive approach to vaccinations in key markets across the country, according to preliminary data and analysis from STR. India’s daily occupancy sat in the 20-30 per cent range in early June but improved by the end of the month with several days closer to 35 per cent and an outlier of 50.5 per cent on June 26. In July, the country took another step forward with most days in the 40-60 per cent range and a peak of 63.2 per cent on July 17. Hotels in heavily populated markets such as Mumbai have seen an occupancy upswing in this latest rebound “The progressive approach to vaccinations has led to an increase in travellers and hotel demand – leisure demand continues to drive this growth,” said Vidhi Godiawala, STR’s business development manager for Central and South Asia. “Beyond the noticeable improvement, we have seen a different trend in where the country is regaining occupancy. Whereas India’s first recovery earlier this year was concentrated in leisure destinations, such as Goa, heavily populated markets such as New Delhi and Mumbai have seen improvement in this latest rebound.” Mumbai’s daily occupancy reached as high as 77.9 per cent on June 26, while New Delhi’s daily occupancy improved to as high as 79.7 per cent on July 17. Those were each market’s highest daily levels in 2021.