In fiscal year 2023, the hotel occupancy rate in the southern city of Hyderabad amounted to over 73 percent. This was an increase compared to the previous year's occupancy rate of about 51 percent. In recent years, the rate had constantly increased from around 50 percent to over 70 percent.
Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023
*Value for FY 2021 has been modified based on the data collected for FY 2022.
India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.
Occupancy rate is the ratio of rented or used rooms to the total number of available rooms.
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Hotelivate. (October 9, 2023). Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/
Hotelivate. "Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023." Chart. October 9, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/
Hotelivate. (2023). Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/
Hotelivate. "Occupancy Rate in Hotel Rooms across Hyderabad in India from Financial Year 2010 to 2023." Statista, Statista Inc., 9 Oct 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/
Hotelivate, Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/ (last visited November 10, 2024)
Occupancy rate in hotel rooms across Hyderabad in India from financial year 2010 to 2023 [Graph], Hotelivate, October 9, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/723588/hotel-occupancy-rate-in-hyderabad-india/
