generalSkift··1 min·For: Revenue, GM, Owner
BRICS Summit Drives Delhi Hotel Rates Up Over 300%
Surging demand for the upcoming BRICS Summit in Delhi has caused local room rates to jump by up to 325% amid tightening supply. High-end central properties, including Hyatt Regency and Taj Palace, are near total sellouts as premium inventory is squeezed.
Key Takeaways
- 1Rates across central Delhi properties have risen between 124% and 323% for the September 12-13 summit dates.
- 2Hyatt Regency New Delhi rates reached $884 per night before taxes, up from $206 the following weekend.
- 3Major luxury hotels like ITC Maurya, The Oberoi, and Taj Palace have effectively sold out around the Bharat Mandapam venue.
Source: Skift
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