Tourist hub Goa elbows out Mumbai in average room rates of branded hotels

Goa has overtaken the financial hub — Mumbai — in average room rates of branded hotels. The tourist hub has seen the eighth consecutive increase in both the average room rate and the revenue per available room (RevPAR) until 2017-18 (FY18). These key performance indicators grew even in the years when major domestic hotel markets saw pressure.   The average room rate for branded hotels in Goa increased by 4 per cent in FY18 to Rs 7,844 per night, against a rate of Rs 7,740 in Mumbai, where growth was less than 2 per cent. Mumbai had been the leader in rates for five consecu.....

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