STR Global reports upward trend in RevPAR for hotel industry in India

STR Global, provider of market information to the global hotel industry, in its latest report has revealed a concerted upward trend and recent positive year-on-year growth in Revenue Per Available Room (RevPAR) for the Indian hotel industry.

India had previously experienced 14 months of RevPAR declines. After years of double-digit growth, the worldwide economic downturn and terror attacks in Mumbai led to performance declines and double-digit drop.

December 2009 and January 2010 saw a return to significant year-on-year increase, due to favourable comparisons to the weak performance posted in the previous year. The recent results also were boosted by a 21 per cent rise in international tourist arrivals, which highlights an overall quarterly increase of 6.9 per cent after four consecutive quarters of year-on-year declines. (Source: UNWTO World Tourist Barometer.


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