the In financial year 2023, the occupancy rate in five-star deluxe hotels in India was 67.5 percent, slightly higher than the previous year. Although the occupancy rate in deluxe hotels was low during the pandemic, a linear rise was noted the from financial year 2014.
Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023
*Value for FY 2021 has been modified based on the data collected for FY 2022.
India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.
Occupancy rate is the ratio of rented or used rooms to the total number of available rooms.
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Hotelivate. (September 10, 2023). Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/
Hotelivate. "Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023." Chart. September 10, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/
Hotelivate. (2023). Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/
Hotelivate. "Occupancy Rate in Five-star Deluxe Hotels across India from Financial Year 2010 to 2023." Statista, Statista Inc., 10 Sep 2023, https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/
Hotelivate, Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023 Statista, https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/ (last visited December 23, 2024)
Occupancy rate in five-star deluxe hotels across India from financial year 2010 to 2023 [Graph], Hotelivate, September 10, 2023. [Online]. Available: https://www.statista.com/statistics/722591/india-five-star-deluxe-hotels-occupancy-rate/
