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    H
    Hotels, Restaurants & Tourism
    SECTOR | 03 Jun 2023

    Strong start to FY24, demand sustenance key

    buy
    Hotels, Restaurants & Tourism
    by ICICI Securities Limited
    ICICI Securities Limited
    As per HVS Anarock, Apr’23 was another strong month with hotel industry RevPAR of Rs4,536 being 23% above Apr’19 (pre-Covid) levels and 19% above Apr’22 levelsn (YoY basis). For Apr’23, industry ARR of Rs7,200 was up 20% YoY while occupancy remained flat YoY at 63%.
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    IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Nov, 2025.
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