iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Revenue per room of hotels went up year-on-year by 90% in 2022, says report

16 Feb 2023 , 10:51 AM

According to JLL’s latest Hotel Momentum India (HMI) Q4, 2022, a quarterly hospitality sector monitor, the year 2022 ended with a 90% year-on-year growth in revenue per available room for the hospitality sector, over that of 2021. Quarter four (October-December) registered a 60.9% y-o-y revenue per available room growth over quarter four of 2021.

According to JLL, the hospitality sector continued to perform strongly year on year in quarter four (October-December) of 2022 primarily due to corporate travel, weddings, winter vacations, and festivities.

Furthermore, the sector experienced a 30.1% increase in RevPAR from quarter to quarter in 2022. According to the report, this was due to increased levels of corporate travel in the fourth quarter.

Despite the year-end holidays, most business cities performed well, with occupancy levels around 65% and a significant increase in average daily occupancy (ADR) levels.

According to JLL, the momentum of quarter four of 2022 is expected to continue, with quarter one of this year remaining busy due to weddings and the resumption of business travel following the year-end holidays.

In the fourth quarter of last year, 81 hotels with a total of 6,663 keys were signed. There were also 25 hotels signed that were conversions of other hotels. Conversions accounted for 27% of the inventory signed in the fourth quarter of 2022.

Bengaluru led RevPAR growth in quarter four of 2022 with a 110.6% increase over quarter four of 2021, followed by Mumbai and Delhi with 105.3% and 94.3% year-on-year growth, respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • HMI
  • Hospitality
  • Hotel industry
  • Hotel Momentum India
  • Hotels and Hospitality Group
  • Indian Hotels
  • RevPAR
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.