By mid-2024, there was a 6% increase in domestic environmental passenger traffic relative to the previous year. Kochi’s tourism sector has witnessed a remarkable surge, with occupancy rates rising by a substantial 7 percentage points over the preceding year, outstripping peer destinations to firmly establish itself as a premier travel hub for discerning visitors.
Meanwhile, the hotel sectors in Hyderabad and Mumbai witnessed a notable 1-3% slump in annual occupancy rates, underscoring a worrying trend. As two towns experienced significant expansion, Hyderabad’s remarkable 9.1% growth rate emerged as a particularly striking anomaly among the rest.
While many markets saw prices surge, Goa and Kolkata defied the trend, registering a notable decline in average prices over the past month, with Kolkata’s prices plummeting a whopping 6% compared to summer 2023, a substantial decrease since May 2024.