JLL’s Q2 2020 performance trend chart revealed that Mumbai continues to be RevPAR leader in absolute terms despite the decline of RevPAR by 81% in comparison to Q2 2019. All key 11 markets in India witnessed a decrease in RevPAR Performance in Q2 2020 over the same period last year Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81% in Q2 2020 compared to Q2 2019
Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9% decline compared to the same period in the previous year.
‘Vande Bharat Mission’ remains a major demand generator for hotels in key cities. Total no. of signings in Q2 of 2020 stood at 7 hotels comprising of 673 keys, witnessing a decline of 83% of signings in terms of inventory over the same period last year.
International hotel operators dominated signings over Domestic operators with the ratio of 63:37 in terms of inventory volume.