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Hotel occupancies cross 65% mark for the first time since covid outbreak: Report

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₹5,850. This led to revenue per available room (RevPAR) rising 5% from April 2019 to ₹3,804. On a year-on-year basis, the hospitality basket reported a higher incremental EBITDA to incremental revenue in the fourth quarter of FY22, with East India Hotels leading the pack (48%) followed by Indian Hotels, Chalet, and Lemon Tree Hotels.

RevPAR saw an uptick in business, with leisure travel near normalised levels in April 2022. The momentum continued in May 2022, it said and added demand versus supply crunch will propel mid- to long-term ARR growth.

Aggregate revenue for the hospitality basket of the hotels like Chalet, East India Hotels, Lemon Tree and Indian Hotels fell 19% quarter-on-quarter but rose 41% year-on-year in the fourth quarter of FY2022.

Revenue fell QoQ across the board, while Chalet led the pack with a growth of 51% YoY, followed by Indian Hotels /EIH (42%/40%).

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