Occupancy rate of Indian upscale hotels FY 2016-2023

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2020, the occupancy rate in upscale hotels in India was about 67 percent. The occupancy rate was predicted to dip down to under 34 percent in financial year 2021, due to the impact of the coronavirus (COVID-19) pandemic. Nevertheless, the rates were expected to recover by 2023.

Occupancy rate of upscale hotels in India from financial year 2016 to 2020, with estimates until financial year 2023

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Release date

April 2021

Region

India

Survey time period

FY 2016 to FY 2020

Supplementary notes

*predicted
**estimated
India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

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