In the financial year 2023, the average occupancy of new hotels which had their first year of operation in fiscal year 2023 was nearly 50 percent in India. The new hotels that opened in the earlier financial year noted a slightly higher occupancy rate as compared to the hotels that opened in the last financial year
Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023
India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.
The graph tracks the occupancy rates of new hotels from their first year of operations to the second-, third-, and other subsequent years of operations.
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Hotelivate. (October 9, 2023). Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/
Hotelivate. "Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023." Chart. October 9, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/
Hotelivate. (2023). Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/
Hotelivate. "Cumulative Average Occupancy Rate of New Hotels in India from Financial Year 2016 to 2023." Statista, Statista Inc., 9 Oct 2023, https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/
Hotelivate, Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023 Statista, https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/ (last visited December 21, 2024)
Cumulative average occupancy rate of new hotels in India from financial year 2016 to 2023 [Graph], Hotelivate, October 9, 2023. [Online]. Available: https://www.statista.com/statistics/1279380/india-cumulative-average-occupancy-rate-of-new-hotels/
