2 hrs ago
Delhi Luxury Hotels Face Room Crunch Ahead of BRICS Summit
Delhi is preparing to host the BRICS Summit on September 12 and 13.
Many visitors and official delegates are expected to come to the city.
Some luxury hotels have no rooms left for the days around the summit.
Other hotels are charging very high prices, including more than Rs 2.3 lakh for one night at the ITC Maurya.
The extra visitors are also making nearby hotels busier.
This may make trips to Delhi more expensive for tourists, families and business travellers.
Hotel leaders say India does not have enough branded hotel rooms for its size and growing events business.
However, hotel prices and room availability can change when people cancel bookings or hotels release more rooms.
Several Delhi luxury hotels show no availability around the September 12-13 BRICS Summit.
The ITC Maurya listed rooms from more than Rs 2.3 lakh per night for September 10-13.
Delegates and visitors arriving early or extending stays are compressing demand across several days.
Hotel Association of India says India has only about 200,000-220,000 branded hotel rooms.
Ramada Encore by Wyndham reported 65% occupancy for September 12-15, while Radisson said September rates were over 25% higher year-on-year.
- Who
- BRICS delegates, other visitors, Delhi hotels, tourists and business travellers are involved.
- What
- Demand for hotel rooms is rising sharply, causing limited availability and higher tariffs around the BRICS Summit.
- Where
- Luxury hotels in New Delhi and the wider Delhi-NCR region.
- When
- The summit is scheduled for September 12-13, with demand affecting surrounding dates including September 10-15.
- Why
- Delegates and visitors are arriving before the summit and extending stays, while available hotel inventory in central Delhi is limited.
Infrastructure Concern
Demand Opportunity
Hotel-room capacity
Infrastructure Concern
Hotel Association of India President K B Kachru said India’s 200,000-220,000 branded rooms are inadequate for the country’s size and tourism ambitions.
Demand Opportunity
Hotel executives said the summit is generating incremental demand and highlighting India’s potential as a major Meetings, Incentives, Conferences and Exhibitions destination.
Impact on travellers
Infrastructure Concern
Tourists, families and business travellers may face higher costs, need to stay farther from central Delhi, change dates or choose cheaper accommodation.
Demand Opportunity
Hotels and the wider hospitality sector can benefit from concentrated demand for rooms, meeting spaces and related services during a major international event.
Key facts
- Summit dates
- September 12-13
- ITC Maurya starting tariff
- More than Rs 2.3 lakh per night for available rooms from September 10-13
- Reported sold-out properties
- Taj Mahal and The Oberoi for September 11-12; Taj Palace for September 10-12
- Hotel room supply
- India has about 200,000-220,000 branded hotel rooms, according to the Hotel Association of India
- Ramada Encore occupancy
- 65% for September 12-15 at the Dwarka Expressway property
- Radisson rate growth
- Average September room rates across its portfolio were pacing more than 25% higher year-on-year
- Pricing caveat
- Tariffs and availability can change with bookings, cancellations and newly released inventory
Quotes
K B Kachru
President of the Hotel Association of India and Chairman for South Asia at Radisson Hotel Group
“India is commanding global attention at a defining moment - as the nation prepares to host marquee international events and cements its position as a premier MICE destination, the world is watching how we scale to meet our tourism targets.”
firstpost.com
“The BRICS Summit alone will put considerable focus on room inventory and that spotlight is exposing a hard truth: our hospitality infrastructure has not kept pace with our tourism ambition.”
telegraphindia.com
Rahool Macarius
Market Managing Director for Eurasia at Wyndham Hotels & Resorts
“September is showing stronger momentum, with average room rates across our portfolio pacing more than 25 per cent higher year-on-year. The upcoming BRICS Summit in New Delhi is contributing to heightened demand, particularly in the days around the event, with shorter booking windows further supporting rate growth.”
telegraphindia.com
firstpost.com
“At Ramada Encore by Wyndham, Dwarka Expressway, this event-led demand is reflected in occupancy for September 12-15, currently tracking at 65 per cent, significantly ahead of the broader market demand.”
telegraphindia.com
Sources
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