Research

Hotel Momentum India (HMI)

Quarterly hospitality monitor Q1 2021

May 27, 2021

India’s hospitality industry has witnessed a decline of 38.7% in RevPAR during January to March (Q1) 2021 over the same period last year. Overall, in terms of inventory volume, the brand signings declined by 53% in Q1 2021 over Q1 2020, however international operators signed a greater number of keys than the domestic ones. 

Q1 2021 Performance Trend Chart

The Hotel Momentum India (HMI) Q1 2021 outlines key insights from the sector including:

  • As per STR, Goa emerged as the RevPAR leader in absolute terms, despite the single digit decline of RevPAR by 1.1% in Q1 2021 as compared to Q1 2020
  • High demand from domestic leisure travellers make Goa the fastest recovering market in absolute RevPAR terms
  • Bengaluru saw the sharpest decline of 60.6% in RevPAR compared to the same period of the previous year 

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