Delhi witnessed a 74.4% YOY decline in RevPAR during Q42020, Mumbai RevPAR declined by 58.4% : JLL
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Synopsis
While the RevPAR decline was steep, Jaideep Dang, managing director, Hotels and Hospitality Group, South Asia at JLL said post the unlocking of the country, Delhi’s hospitality sector observed a month-on-month increase in occupancy levels during Q42020.
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Delhi has seen a significant decline of 74.4% in revenue per available room (RevPAR) during Q4 2020 as compared to Q4 2019, according to the recent Hotel Momentum India (HMI) Q4 2020 by
JLL. Due to the pandemic, the city witnessed a 35.7pp decline in occupancy and a 52.7% decline in average daily rates (ADR). Owing to the nationwide lockdown and travel restrictions due to the pandemic, the hospitality sector in the city witnessed a 57.4% decline in RevPAR during January to December last year, compared to 2019.