Hospitality Players in a Sweet Spot

 Hospitality industry seems to be on the recovery path. For the first time Since March 2020, occupancies moved about 65% mark in April. Average room rates (ARR) are now 4% higher than in April 2019 (pre covid ). Revenue per available room  (REVPAR) it's also about 5% above the April 2019. Corporate demand seems to be back to pre covid levels. Cost cutting has reduced overheads across the industry. There is a gap between room demand and supply, which may result in better realisations. For Indian hotels corporate overheads to 28%. Lemon Tree hotels had 80% Occupancy in Bangalore, Hyderabad, Mumbai and Delhi. The Occupancy rate of  Chalet hotels was 81% in April with ARR at ₹7500 it is the highest since the pandemic outbreak.