Hospitality Sector - Gradual Recovery Mode: Dolat Capital
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Dolat Capital Report
We recently hosted call with Hotelivate’s management.
Hotelivate a leading hospitality consulting firm has come up with its annual FY21 statistics and pulse (erstwhile trends and opportunities) report.
It throws light on occupancy and average room rate trend on a nationwide basis as well as across segments (luxury, upscale etc), top-10 cities and quarterwise performance of FY21.
It also provides the outlook for FY22 and FY23. Key takeaways from the report and call are:
Asia Pacific as a region witnessed the highest revenue per available room decline at 71% year-on-year in FY21.
Industry occupancy is expected to come back to normalcy in FY23 at 64.9% versus 65.4% in FY20.
Click on the attachment to read the full report:
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