India's Hotel Scene Is a Tale of Two Trends

HVS Anarock released their Hotels & Hospitality Overview for India for the second quarter. While ADR was up 16%-18%, occupancy dropped 1-3 points. RevPAR was up 13%-15%. June saw the rates drop month on month but were still above pre-pandemic levels. For the month of June, the most growth in room occupancy was seen in the metro cities of New Delhi, Mumbai, Kolkata, Chennai, and Kochi, up to 5%. HVS Anarock said there was a major dip in cities like Pune, Bengaluru, and Chandigarh at 5%-10% and a smaller decline of up to 5% in the Goa and Hyderabad markets. The report said about 5,900 hotel rooms across 84 properties opened this calendar year, and another 12,500 rooms were signed for about 142 hotels.

The Macao Government Tourism Office said Macau received over 93,000 daily visitors in the first three days of August, up from an average of 89,000 daily visitor arrivals in July. The first half