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Hotels see uptick in revenue on strong show from wedding, MICE segments

By Jinny Chad
Nov 17,2022

Amid a strong show from the wedding, and meetings, incentives, conferences and exhibitions (MICE) segments, hotels across the country are witnessing a handsome growth in revenue. The situation is also being aided by the domestic air passenger traffic picking up.

The India-wide average daily rate (ADR) for the hotel sector in September 2022 was in the range of Rs 5,900-6,100, logging in a rise of 43-45% over the same month last year, according to hospitality consulting firm HVS Anarock. With an occupancy of 62-64%, the revenue per available room (RevPAR) came in at Rs 3,658-3,904 in September 2022.

"Considering that travel has picked pace this year and also wedding, events and conferences segment has bounced back, we are clocking 30% higher revenue," Rahul Joshi, general manager, Taj Hotel and Convention Centre, Agra, told India

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