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According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. Factors such as improvement in leisure travel, stagnant demand from corporate travel, and large events and conventions have contributed to the improvement in occupancy.
ET Intelligence Group: India’s hotel sector is on the verge of transformation with a boom in business and leisure travel. Average occupancy rates have exceeded pre-pandemic levels, taking into account several major destinations. According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. factor
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