Ahead Of Ayodhya Ram Temple Event, Hotel Bookings Soar, Air Fare Rises
Ahead of the Ram Temple inauguration, hotels in Ayodhya are already booked to 80% capacity, causing room rates to surge by up to five times.
Source: india.com
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Calculated Risk: Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019
• Revenue per available room (RevPAR): US$69.69 (-26.6%) ADR also reached its highest point of the pandemic but was still US$18 less than the corresponding week in 2019. RevPAR also hit a high point when compared to 2019. emphasis addedThe following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for larger image. The red line is for 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020). Occupancy is now above the horrible 2009 levels. No...
Source: calculatedriskblog.com