RateGain’s PULSE report shows a strong April for India and a continued surge of bookings in Europe
Hotel Rates in Mumbai and Delhi Surged by 105%, 62% MoM Respectively while Russia-Ukraine Conflict does little to dampen travel planning in Europe with an average of 50% increase in bookings MoM New Delhi: 29th April 2022: RateGain
Hotel Rates in Mumbai and Delhi Surged by 105%, 62% MoM Respectively while Russia-Ukraine Conflict does little to dampen travel planning in Europe with an average of 50% increase in bookings MoM
New Delhi: 29th April 2022: RateGain Travel Technologies (NSE: RATEGAIN), a global SaaS provider for travel and hospitality, as part of its monthly PULSE report shared insights on the state of the global hospitality industry as well as how travel in India is trending since the resumption of International travel. For the month of April, RateGain monitored the impact of the Ukraine-Russia conflict on European bookings as well as the impact of International travel resumption in India. It is to be noted that in its previous edition for March, RateGain had predicted that travel demand in Mumbai and Delhi would increase by 150% in April.
April sustains March’s Momentum in India as Hotel Rates Skyrocket
Traditionally seen as low season with hotel rates being lower than March across the country, bookings analyzed by RateGain suggested that April saw the same number of bookings being made as March inching closer to pre-pandemic levels. While higher bookings can be attributed to multiple reasons such as resumption of International travel, weddings it was noticed that the Good Friday long weekend made up 30% of check-ins in April. One big difference however was the Average Daily Rate at which rooms were available. This rate was 105% higher in Mumbai and 62% higher in Delhi when compared to the previous month.
A busy May coming, up for Indian Hill Stations Tourist Destinations with one surprise
As summers blaze across North India, it is expected that bookings for hill stations would increase Following the trend, Manali, Leh, Pantnagar saw close to 100-150% increase in bookings month over month. Other tourist destinations such as Bhimtal, Gauhati, Srinagar also saw a jump in bookings. Tourist Destinations across the Country are looking at a busy May which continues to buck the trend of April, May being low occupancy season in India. Trivandrum, Udaipur, Dharamshala, Shimla, Manali, Leh are expecting increased footfall. However the big surprise in bookings was the 51% increase for Delhi which was the only metro and city in the country which saw an increase while other saw a dip in bookings
Europe bookings continues to surge with a sign of Strong Summer Travel
There is still very less visible impact of the Ukraine-Russia conflict on both bookings and planned check-ins in Europe. Bookings for Hotels in Europe continued to surge Month over Month with Switzerland, Belgium, Hungary, Greece, Cyprus Austria registering bookings growth between 40-50%. Analysis of check-in dates show that 45% of bookings done in March and April, have been made for May
Tourist and Transit Hubs Expecting increased footfall in May coinciding with Eid
In Tourist and Transit Hubs like Egypt, Vietnam, Singapore, Turkey, Australia, South Africa as well the bulk of the arrivals are in May