Tourist and the Business Traveller

But that’s no solace for the tourist and the business traveller. This season, the occupancy rates (ORs) for premium hotels are well in excess of 75%. The hotel industry is sizzling to the beat of towering numbers generated by a booming economy. Just like occupancy rates, the revenue per available room (RevPAR) spiraled up by 30-45% for the half year ended September 2006 in contrast to the previous year. Average room rates (ARRs) too are witnessing a phenomenal rise. Bangalore witnessed highest ARRs leaving metros like Delhi and Mumbai behind on account of the IT/ITeS wave in the city. If you need a room in the IT capital for one day, you have to shell out in excess of Rs.12,000 per day, a rise of 25% as compared to a year earlier. Chennai and Hyderabad too experienced a swell of 30% in ARRs.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006