Foreign tourist arrival growth was marginal during Jan-Oct 2008 and recorded at 4.32 million as compared to 3.95 million during the same period in 2007.
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>The impact of the recent terrorist attack on Mumbai city was adversely felt in the Mumbai hotel industry as well as other markets.
>The growth of foreign tourists inflow pegged at around 15-16% in the beginning of 2008, is now expected to be around 10%.
>Over 42,000 new rooms are expected to be added to current inventory across 10 cities by end-2012.
>Across ten cities in the 5D, 5-star and 4-star categories
- Avg Occ was 68%
- Average Room Rate was about Rs.7,476.
Occupancy rates declined by around 10-15% across the premium segment of hotels since the past one year.
Budget hotels maintained their previous levels.
see the complete report at
http://www.hospemag.com/2009/02/reports-india-hotel-market-review-2008.html