According to HVS Anarock, Jul’23 was another strong month with hotel industry RevPAR of INR3,965 being 16% above Jul’19 (pre-Covid) levels and 11% above Jul’22 levels. While Q2FY24 (Jul-Sep’23) is seasonally the weakest quarter owing to monsoon impact, hotels continue to follow a strategy of keeping rates at least 8-10% higher than previous year levels.