BRICS effect: Delhi luxury hotels sell out
New Delhi's luxury hotel market is experiencing a surge in room availability and prices ahead of the BRICS Summit. Several high-end properties, such as Taj Mahal, Taj Palace, The Oberoi, Leela Palace, ITC Maurya, and Shangri-La Eros, are either sold out or have no rooms available for the key dates of September 11-13. The high demand is attributed to the geopolitical event, which has delegates and visitors arriving early and extending their stays.
This has put additional pressure on room inventory in central Delhi, potentially leading to increased accommodation costs for tourists, business travelers, and families with pre-planned trips to the capital. The BRICS Summit, combined with Indian hotels' efforts to boost domestic demand, is driving up average room rates by over 25% compared to the previous year.
The event is expected to strengthen demand, particularly during the shorter booking windows leading up to the summit.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
