Demand for hotel rooms in India grew 20% in October, the highest in five years, driven by increase in business-related travel, according to data compiled by hospitality data aggregator STR Global. According to STR Global's report, hotels have reported double-digit growth in both occupancy and RevPAR (revenue per available room) for October — while occupancy increased by 15% from the year-ago month to 62.8%, RevPAR grew by 13.6% to Rs3,683.
Read more at: http://economictimes.indiatimes.com/articleshow/49975991.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at: http://economictimes.indiatimes.com/articleshow/49975991.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst