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Indian hospitality industry s RevPAR falls 39 pc in Q12021: JLL
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Last Updated: May 20, 2021, 03:32 PM IST
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India s hospitality industry witnessed a decline of 38.7 per cent in Revenue Per Available Room (RevPAR) during the first quarter of 2021 as compared to the year-ago period, according to global real estate consultant RevPAR in the top six cities has decreased by 48 per cent in Q1 2021 as compared to Q1 2020, JLL s Hotel Momentum India (HMI) Q1 2021 said in a statement.
Goa grew to be the RevPAR leader in absolute terms, despite the single digit decline in RevPAR by 1.1 per cent in January-March 2021 compared to the year-ago period. This was due to a 6.4 per cent increase in occupancy levels, it added.