HVS Anarock Report Oct ’23: Stellar start to the festive season along expected lines

• Statistics

According to HVS Anarock report, Oct’23 was a stellar month for the hotel industry; we note industry RevPAR of INR 4,852was 27% aboveOct’22 levels with ARRs being 15-17% higher YoY while occupancies were also up by 600bps YoY at 62-64%.