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Indian hospitality industry shows signs of recovery

Average room occupancy rate in the quarter ended September — traditionally the lowest period of business for hotels in the year — stood at 56.5 per cent, up from 53.2 per cent in the year-ago period. For the nine months to September, hotel occupancies were 58.2 per cent against 56.4 per cent last year, according to STR Global that tracks supply and demand data for hotel industry.