Aerocity continues to give Delhi and Gurgaon hotels’ tough competition- Report

Based on the city wise analysis, ICRA, an Indian independent and professional investment information and credit rating agency research estimates pan India occupancy of 60%, with marginally higher Average Room Rates (ARRs) of Rs 5,300 during Q1 FY2017, supported by few key markets. This trend is expected to strengthen during FY2017 across several markets, barring Kolkata. Bengaluru with significant premium supply in the near term—would face some rate pressure. Hotels in Delhi and Gurgaon are expected to face continued competition from the Aerocity area hotels, which are mopping up crew and Meetings, incentives, conferencing, exhibitions (MICE) traffic coming to the NCR.