HVS ANAROCK MONITOR, December 2025 | By Dipti Mohan

Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.

Key highlights include:

December 2025:

• In November 2025, India’s hotel sector recorded a strong performance with occupancy rebounding to 72 - 74% alongside sharp ARR growth (15 - 17% MoM and 10 - 12% YoY), led by robust demand across key metro and leisure markets.
• Average rates in November 2025 recorded a strong year-on-year increase across India. Most major markets posted healthy double-digit growth, reflecting sustained pricing momentum entering the peak season except Goa which saw a year-on-year decline.
• Occupancy at the national level recorded a modest year-on-year improvement in November 2025, indicating stable demand conditions despite variations across regions. Growth was largely metro-led, with strong gains in Pune, Ahmedabad and Chennai.