In the financial year 2023, the occupancy rate in four-star hotels was about 67 percent across India, an increase from the previous year. A linear increase in hotel occupancy rates was seen from the financial year 2013, except for the dip during the pandemic.
Occupancy rate in four-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 four-star hotels across India from financial year 2010 to 2023 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/
Hotelivate. "Occupancy rate in four-star hotels across India from financial year 2010 to 2023." Chart. September 10, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/
Hotelivate. (2023). Occupancy rate in four-star hotels across India from financial year 2010 to 2023. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/
Hotelivate. "Occupancy Rate in Four-star Hotels across India from Financial Year 2010 to 2023." Statista, Statista Inc., 10 Sep 2023, https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/
Hotelivate, Occupancy rate in four-star hotels across India from financial year 2010 to 2023 Statista, https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/ (last visited October 02, 2024)
Occupancy rate in four-star hotels across India from financial year 2010 to 2023 [Graph], Hotelivate, September 10, 2023. [Online]. Available: https://www.statista.com/statistics/722659/four-star-hotels-occupancy-rate-india/