Goa tops hotel occupancy rates in April

Mumbai, June 14 | Updated: Jun 15 2006, 05:30am hrs
Among key business and leisure destinations in India, hotels in Goa topped the occupancy charts with an occupancy rate of 88.9% in the month of April this year compared to 74.1% in April 2005. Hyderabad was second with an occupancy rate of 82.2%. However, this was actually a decline from an occupancy rate of 85.5% recorded in April 2005.

Similarly, Pune, which scored as the third highest on the list saw its occupancy rate decline to 81% from 87.7% in the corresponding period the previous year. Delhi also witnessed declining occupancies from 81% in April 2005 to 80.2% in April 2006.

However, a whopping 34.5% growth in average room rates (ARRs) ensured that the cash registers kept ringing.

According to research analyst with Pioneer Intermediaries Amol Rao, The increase in the ARRs was more than the decrease in occupancies. During April 2006, hotels in ten cities across India increased their ARRs by a whopping 35% from Rs 5,592 in April 2005 to Rs 7,563 in April 2006. This led to a healthy 34% increase in the revenue per available room (RevPAR).

Bangalore recorded the highest RevPAR at Rs 9,736. Hyderabad and Delhi followed in second and third positions with RevPARs of Rs 6,629 Rs 6,558 respectively. But ARRs are set to rise even further.