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

Goa sees eighth consecutive increase in both average room rate and revenue per available room

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