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3h ago

Rishikesh Tops India’s Hotel Rates Again as Leisure Destinations Dominate FY2024–25

Hotelivate’s FY2024–25 report highlights domestic demand lifting occupancy to a multi‑year high, with a branded pipeline now above one lakh rooms.

Rishikesh, India
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Overview

  • Rishikesh retained the No. 1 spot by room rates with RevPAR at Rs 9,691, down about 4% from FY2023–24.
  • Leisure markets accounted for 10 of the top 15 destinations, while Mumbai and New Delhi climbed the rankings on rebounding business travel.
  • Mumbai led urban markets in room revenue per key, with Delhi, Hyderabad, Gurgaon and Bengaluru rounding out the top business destinations.
  • Average occupancy for April 2024–March 2025 reached 68.0%, surpassing pre‑pandemic levels as domestic travelers drove demand despite softer international arrivals.
  • India’s branded hotel pipeline stood at 1,14,151 rooms across 177 new markets, and legacy properties outperformed newer supply on both occupancy and rate despite brief disruptions linked to the Pahalgam incident.