Goa Real Estate and Hotel Tariffs Witness 15-20% Correction Amid Tourist Surge
Goa, a popular tourist destination, is experiencing a 15-20% decline in real estate prices and hotel tariffs, marking a significant correction since the post-pandemic boom. Industry insiders explain the reasons behind this trend and its potential impact on the market.
GoaReal EstateHotel TariffsTourismPrice CorrectionReal Estate NewsSep 18, 2025
Citing insiders from the hospitality and real estate industry, the news report mentioned that the rates have seen a decline of 15-20 per cent in this calendar year. The trend is part of a ‘healthy cycle’ that would create stronger foundations for growth in the future.
Rates are down in North Goa hotels
Nikhil Sharma, MD and COO (South Asia) at Radisson Hotel Group, told The Economic Times, “We are seeing a substantial correction in rates across Goa, both in hotels and long-term rentals, with rates coming down by nearly 15-20%.” He said the most visible drop is being witnessed in North Goa hotels, particularly in the free and independent traveller segment.
Residential rental market also impacted
Sharma also said that the residential rental market is also witnessing a significant impact, especially in the group housing category. He noted that overall, this correction is healthy for the market, adding that it ensures affordability, stimulates demand, and builds long-term stability for both hoteliers and villa-owners.
Stabilising villa prices is a healthy sign
The stabilisation in the prices of villas in Goa is being seen as a healthy sign for the market, Aditya Kushwaha, CEO and director, Axis Ecorp, told The Economic Times. He added that the current phase is now establishing a more realistic entry point for buyers, especially for non-resident Indians (NRIs) who see a strong lifestyle and investment value in second homes. North Goa villas have seen a jump of nearly 30 per cent in 2022; however, the prices have now stabilised as cautious buyer sentiment and oversupply have come into play.
While the villas in North Goa have seen a price correction in the first half of 2025 due to oversupply, South Goa, on the other hand, continues to maintain its strong value owing to its restricted supply.
New projects despite weak price trend
However, despite a weak price trend in Goa, several property developers from across the country are launching projects in the state. The current period is being described as a ‘cooling-off’ phase because of the increased supply of new hotels and villas; however, the outlook continues to be optimistic as the new infrastructure projects that are getting launched are improving connectivity across the country.
Goa tourist influx in 2025
In the first half of 2025, over 5.4 million tourists visited the state, according to data from the Goa tourism department. Out of the 5.4 million tourists, 5.18 million were domestic visitors, while 271,000 were international tourists. January proved to be the strongest month, registering 1 million tourists, including 986,000 domestic and nearly 70,000 foreign arrivals. February followed with 905,000 tourists, comprising 844,000 domestic and over 61,000 international travellers. March saw a footfall of 889,000 tourists, with 832,000 from within India and around 56,000 from abroad.
Frequently Asked Questions
What is the current trend in Goa's real estate and hotel tariffs?
Goa is experiencing a 15-20% decline in real estate prices and hotel tariffs, marking a significant correction since the post-pandemic boom.
Why is the price correction considered healthy for the market?
The price correction is seen as a healthy cycle that ensures affordability, stimulates demand, and builds long-term stability for both hoteliers and villa-owners.
How are villa prices in Goa performing?
Villa prices in North Goa have stabilised after a 30% jump in 2022, while South Goa continues to maintain strong value due to restricted supply.
What is the impact on the residential rental market?
The residential rental market, especially in the group housing category, is also witnessing a significant impact, contributing to the overall market correction.
What is the tourist influx in Goa in the first half of 2025?
In the first half of 2025, over 5.4 million tourists visited Goa, with 5.18 million domestic visitors and 271,000 international tourists.
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