- Adhiraj Guha
- Vaishnavi Iyer
India’s hospitality industry has witnessed a growth of 100.3% in RevPAR from October to December (Q4 2021) over the same period last year. Furthermore, the sector saw a 41.9% q-o-q growth in RevPAR in Q4 2021 as compared to Q3 2021, because of the growth in domestic tourism, corporate demand, and weddings. Total no. of signings in Q4 of 2021 stood at 85 hotels comprising of 7,347 keys, recording a growth of 81.9% compared to the same period last year. In line with the overall increasing trend, 16 new signings (19% of total properties signed) are conversions of old hotels. Domestic operators dominated signings over international operators with the ratio of 52:48 in terms of inventory volume.
Q4 2021 Performance Trend Chart
Source: STR
The Hotel Momentum India (HMI) Q4 2021 outlines key insights from the sector including:
- As per STR, all key 6 markets in India witnessed a growth in RevPAR Performance in Q4 2021 over the same period last year with rise in domestic tourism and lesser travel restrictions
- Goa re-emerged to be the RevPAR leader in absolute terms with a 106.7% increase during Q4 2021 over Q4 2020
- Bengaluru witnessed the highest growth in occupancy level registering a 24.8%p increase in Q4 2021 over the same period last year
