In the financial year 2023, the occupancy rate in five-star hotels in India was about 67 percent, an increase compared to the previous year. A linear increment in hotel occupancy rates was noted from financial year 2013 in the country.
Occupancy rate in five-star 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 hotels across India from financial year 2010 to 2023 [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/
Hotelivate. "Occupancy rate in five-star hotels across India from financial year 2010 to 2023." Chart. September 10, 2023. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/
Hotelivate. (2023). Occupancy rate in five-star hotels across India from financial year 2010 to 2023. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/
Hotelivate. "Occupancy Rate in Five-star Hotels across India from Financial Year 2010 to 2023." Statista, Statista Inc., 10 Sep 2023, https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/
Hotelivate, Occupancy rate in five-star hotels across India from financial year 2010 to 2023 Statista, https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/ (last visited January 08, 2025)
Occupancy rate in five-star hotels across India from financial year 2010 to 2023 [Graph], Hotelivate, September 10, 2023. [Online]. Available: https://www.statista.com/statistics/722654/india-five-star-hotels-occupancy-rate/
