[ad_1]
essence
According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. Factors such as improvement in leisure travel, stagnant demand from corporate travel, and large events and conventions have contributed to the improvement in occupancy.
ET Intelligence Group: India’s hotel sector is on the verge of transformation with a boom in business and leisure travel. Average occupancy rates have exceeded pre-pandemic levels, taking into account several major destinations. According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. factor
- font size
abcsmall
abcmedium
abcHuge
Why? ,
Exclusive Economic Times stories, editorials and expert opinion in 20+ regions
stock analysis. market research. industry trends 4000+ on stock
clean experience with
Minimum Advertisement
Comment and Engage With ET Prime Community 
special invitation to Virtual events with industry leaders 
a reliable team of journalist and analyst Which can best filter the signal from noise
[ad_2]
Source link
