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    India’s hotel bookings recover with the news of the vaccine; sector records 15% higher bookings YoY in December: RateGain report

    Synopsis

    According to the report, India’s recovery was above 100% for all the weeks of December. It was observed that Indians booked last minute travel mostly to travel during the end of December and first week of January. Popular destinations such as Goa, Shimla, and Jammu still figured in the top 10 destinations for the first month of 2021.

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    New Delhi: Thanks to last-minute travel bookings, India consistently made higher travel bookings in December last year compared to 2019, according to a report by RateGain Technologies, a SaaS company for the travel and hospitality sector.

    According to the report, India’s recovery was above 100% for all the weeks of December. It was observed that Indians booked last minute travel mostly to travel during the end of December and first week of January. Popular destinations such as Goa, Shimla, and Jammu still figured in the top 10 destinations for the first month of 2021.

    As per the report, Indians of all age groups have begun moving out of cities, filling flights to almost 100% capacity to domestic destinations as International travel was mostly restricted to UAE.

    The recently released annual Edelman Trust barometer suggested that close to 80% Indians surveyed were willing to get the Covid-19 vaccine within the first 6 to 12 months of it being available, which was close to 2.5 times higher than the global average of 33%.

    “In the new normal ,the Indian millennial traveler would play a critical role in the recovery of the region and therefore this recovery is not only encouraging for the domestic hotel industry but also for neighboring Asian markets that rely on China and India to drive their tourism markets,” said Kamesh Shukla, EVP and head APMEA, RateGain.

    Another key trend observed in India was that 65% of the bookings made in the new year were for the first two weeks of January with no surge observed for the upcoming Republic day long weekend, proving once again that Indians are booking at the last minute, making it more difficult for hoteliers to plan demand and continuously changing their forecast.


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