ARRs have declined on an average by 5-10% in South Mumbai and 10-15% in North Mumbai during the period May-Sept 2008.
Subscribe to The Hospitality Knowledge & Career E-Mag |www.hospemag.com by Email
Click here to make money from your cellphone>
- 9,503 rooms
5-star Deluxe and 5-star Hotels
North Mumbai
-16 hotels
- 4,321 rooms.
- average occupancy of 75% in FY 2006-07 , 78% in FY 2007-08.
- ARR, Rs.7,416 in FY 2006-07; Rs.8,00013,000 in FY 2007-08
South Mumbai
- 6 hotels
- 2,015 rooms.
- average occupancy level of 60% during the period of May-Sept compared to an occupancy level of 70% witnessed in FY 2007-08.
- ARR in the range of Rs.9,600-14,700 in FY 2007-08.
Two notable hotel projects in 2008
>Four Seasons at Worli, 202 Rooms
> Trident at BKC ; 436 rooms
New Builds
- 5,078 rooms by end-2012.
4-star Hotels
Of the 14 operational 4-star hotels in Mumbai,
-13 are distributed between South Mumbai and Juhu/Vile Parle in North Mumbai.
- 1,191 rooms
- 692 new rooms will be added by the end of 2012.
- ARR ;FY 2006-07; Rs.5,870
FY 2007-08; Rs.6,274.
see the complete report at
http://www.hospemag.com/2009/02/reports-india-hotel-market-review-2008.html