Asia -  Bengaluru, India

Bengaluru, witnessed a growth of 31% in hotel values in 2015 over that in 2014 and ranked highest amongst the cities of India. The year 2014 saw the introduction of approximately 1,200 hotel rooms in the four-star and five-star category resulting in pressures on both occupancy and ADR leading to a decline of 18% in hotel values over those the previous year. Healthy growth in room night demand in 2015, upwards of 20%, successfully helped absorb the new supply, and significantly push up marketwide RevPAR. This trend is anticipated to continue with minimal new supply expected to enter the market over the next couple of years. Hotel values are, therefore, expected to continue improving for this city over the next few years.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Bengaluru RevPAR Change

Bengaluru RevPAR

Year RevPAR
2013 65.22
2014 60.06
2015 68.42
2016 77.08
2017 (f) 87.02
2018 (f) 98.42

For more information, please contact:

Achin Khanna, MRICS
akhanna@hvs.com
  • +91 124 4616000 (w)
Pooja Goel
pgoel@hvs.com
  • +91 124 4616000 (w)