According to the report, all key 11 markets in India reported a decrease in RevPAR Performance in Q2 over the same period last year, showed the report titled ‘Hotel Momentum India (HMI) Q2 2020’.
Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81 per cent in Q2 2020 compared to Q2 2019, said the report, adding that Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9 per cent drop compared to the same period in the previous year.
International hotel operators dominated signings over domestic operators with the ratio of 63:37 in terms of inventory volume, as per the report.
Other cities such as Kolkata (88.9 per cent), Bengaluru (88.5 per cent), and Ahmedabad (85.5 per cent) also witnessed sharp decline in performance.
