Hotel occupancy in the country’s top two markets, Delhi and Mumbai, has hit 80 per cent in January-March, after over a decade. Occupancy in Delhi in 2016-17 was 70 pe cent and around 75 per cent in Mumbai.
Occupancy is the percentage of days for which rooms are booked in a given period. An 80 per cent occupancy implies that rooms were booked for five to six days a week in most branded hotels in these two cities
The increase in occupancy was due to growing demand from business and leisure travellers and a slowdown in addition of new hotel rooms. “Supply (addition of new hotel rooms) has slowed down dramatically while demand is growing. A city like Mumbai has almost no new hotel coming up this year and so is the case with Delhi. This is unheard of. There might be some openings here and there, but these do not even add a single per cent to availability,” said Arif Patel, vice-president, sales, marketing and distribution, at Accor Hotels, which operates the Ibis, Pullman, and Novotel hotels.
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