33-35%

49-51%

66-68%

NOV2020

29-31%

59-61%

71-73%

SEP2020

31-33%

47-49%

64-66%

OCT2020

27-29%

31-33%

50-52%

DEC2020

Domestic air passenger tra�c improved by over 15% in Dec 2020 compared to the previous month, as the government allowed airlines to operate at 80% of their pre-COVID capacity.

The Christmas & New Year holiday season brought cheer to the Indian hotels sector, as it reported its highest performance since the beginning of the pandemic.

Goa continued to be the top travel destination in the country recording occupancy over 60% during the month. The growing demand also helped push ADR in Goa closer to pre-pandemic levels.

Pune, Kolkata & Bengaluru witnessed the highest increase in occupancy in Dec 2020 compared to the previous month.

Occupancy Change1

India & Other Key Asian Markets

1 Occupancy % change December 2020 vs December 2019

Hotels SectorKey Stats (India Average)

ADR

Occupancy

RevPAR

By PropertiesBy Keys

Branded Hotels2

Source: HVS Research

RevPAR Change in Key MarketsY-o-Y (%) Dec 2020

Source: HVS Research

2 Data collated by HVS from 19 Hotel Operators as of 25th January 2021

20-40%

Chennai

BengaluruKochi

Goa

Kolkata

Pune

MumbaiHyderabad

Key Highlights

Y-o-Y(%)

New Delhi

1

2

₹4,400 - ₹4,600

45% - 47%

₹1,980 - ₹2,162

DEC2020

India 31-33%

Thailand 63-65%

China 6-8%

Malaysia 50-52%

Singapore 8-10%

ADR

Occupancy

RevPAR

3

M-o-M(%)

6-8%

27-29%

36-38%

4

Company4

IHCLEIHChalet HotelsLemon Tree HotelsMahindra Holidays & Resorts

Previous Close (₹)

120.190.2183.140.2215.2

Market Cap (₹ Cr)

14,948.95,806.53,857.53,299.72,873.4

52-week High (₹)

150.5150.0372.0

64.1244.7

52-week Low (₹)

62.153.699.013.8

122.0

Latest PublicationsResearch & Insights

HVS Monday MusingsWeekly Stories & Trends

Crystal Gazing into 2021 – Top TrendsJAN

04

Being frugal in 2021 – Is this one of the lessonswe learned from the pandemic?

JAN

11

Wellness tourism will flourish in thepost-COVID era

JAN

18

Indian hotels sector – Performance in 2020JAN

25

©2021 HVS ANAROCK Hotel Advisory Services Pvt. Ltd. All rights reserved.t: +91 124 488 55 80

What We Offer CONSULTING &VALUATION

TRANSACTIONADVISORY

ASSETMANAGEMENT

EXECUTIVESEARCH

Akash DattaSr. VP (South Asia)adatta@hvs.com

+91 98995 17404

Ajay MehtaniSr. VP (South Asia)amehtani@hvs.com

+91 98110 54921

Mandeep S. LambaPresident (South Asia)mlamba@hvs.com

+91 98113 06161

To know more,connect with us

Disclaimer: All information contained herein is from sources deemed reliable. HVS ANAROCK makes no statement, representation, warranty or guarantee as to the accuracy, reliability or timeliness of the information provided.

Share Price Movement3

Source: BSE website3 Share movements data as on 1st January 20214 Company names have been abbreviated

40-60%60-80%80-100% Chandigarh

Sig

ning

s

Q4 2020Q3 2020

5228

3,9652,550

2213

1,9031,273

Op

enin

gs