India’s hotel cycle stays resilient, even as May cools.
India’s hotel market continued to post year-on-year gains in May 2026, with HVS ANAROCK indicating occupancy in the 63–65% range, average daily rates around INR 7,900–8,100 , and RevPAR at INR 4,977–5,265 . For hotel owners and asset managers, the signal is clear: demand remained healthy, but pricing discipline and city-level mix were doing more of the heavy lifting than pure volume.
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