Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 21 2013

Indian Hotels Record 5.2% fall

Annual report by HVS shows that Indian Hotels record fall in RevPAR.

Hotels across India witnessed a 5.2 per cent drop in RevPAR in 2012-13 over the previous year with the five-star segment registering the maximum decline, as per The Trends & Opportunities Report, published by HVS India.

Budget and economy hotels registered the highest RevPAR growth at 10.4 per cent on the back of a 14.7 per cent increase in average rate.

The report also noted that India’s supply of rooms in the organised sector has almost quadrupled to over 93,000 at the end of 2012-13 from about 25,000 in 2000-01. Despite supply growing at 17.8 per cent CAGR, demand kept pace and grew at a 17.3 per cent CAGR between 2008-09 and 2012-13. In 2012-13, only five per cent of the country's hotels attained an average rate of over USD 200 and no city hotels in the country attained an average rate in excess of USD 300.

Mr. Manav Thadani, Chairman, HVS South Asia, said, “The last fiscal saw a distinct rise in transaction activity, in addition to a number of hotels being rebranded. This is a clear sign of a maturing industry with investors and operators standing to gain. Enough and more existing hotels across positioning are now available for sale in the market; in fact we have ourselves seen an increase in the number of transaction mandates we are running.”

Comment
Related opportunities
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: “PASTOVILLA" aspires to expand its presence in the vegetarian..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ethnic Stores
    About Us: Zingbi Lifestyle Pvt. Ltd operates within the dynamic fashion..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Dairy/F&V Stores
    About Us : Moo Cow was started aiming to be the bigest..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities