Hotel Momentum India

Quarterly hospitality monitor Q4 2020

February 16, 2021

India’s hospitality industry has witnessed a decline of 54.9% in RevPAR during January to December (CY 2020) over the same period in 2019, due to the impact of COVID-19 pandemic. Overall, in terms of inventory volume, the brand signings declined by 44% in Q4 2020 over Q4 2019, however international operators signed more number of keys than domestic ones.

Q4 2020 Performance trend chart

Source : STR

The Hotel Momentum India (HMI) Q4 2020 outlines key insights from the sector including:

  • All key six markets in India witnessed a decrease in RevPAR Performance in Q4 2020 over the same period last year
  • Goa grew to be the RevPAR leader in absolute terms, despite a decline by 33.3% in Q4 2020 compared to Q4 2019
  • Bengaluru saw the sharpest decline of 77% in RevPAR in Q4 2020 compared to the same period in the previous year. However, the city has witnessed a month on month growth in performance during the last quarter of 2020.

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