As per HVS Anarock, Feb’23 was another strong month with hotel industry RevPAR of ~Rs5,900 being 13% above Feb’19 (pre-Covid) levels. A key highlight for Feb’23 was that pan-India hotel occupancy crossed 70%, the first time since the onset of Covid in Feb/Mar’20. The Mumbai market saw Feb’23 ARRs crossing the Rs12,000 mark, while Goa and New Delhi also recorded Feb’23 ARRs in excess of Rs10,000.