Scarcity of hotel rooms in the National Capital Region (NCR) could soon be over and high room rates would be a thing of the past, Times of India reported.Over the next five years, the world’s largest hoteliers are setting up 75 new properties in Delhi, Gurgaon, Noida, Ghaziabad and Faridabad that will increase the capacity by 2.6 times. The report quoted hospitality consultancy firm, HVS, as saying that around 20,000 rooms would be added to the existing capacity of 12,000. Once the room availability is ramped up to 32,000, five-star tariff of up to INR 25,000 a night during peak season would fall by almost half. Among the brands that will add to the glitter of the NCR are Four Seasons, Hilton, Marriott, Hyatt, Intercontinental, Accor, Lemon Tree, Dusit Thani and Starwood. Delhi will account for 41% of the new capacity, followed by Noida-Greater Noida Expressway and Gurgaon by 2015-16. Ghaziabad and Faridabad, which are yet to acquire a glamour tag, will account for barely 1% of the new hotels. Kaushik Vardharajan, MD of HVS, was quoted saying that the high cost of land in Delhi has made NCR areas like Noida-Greater Noida Expressway and Gurgaon an attractive option for hoteliers. Also big ticket development like the Formula-1 track in Greater Noida will attract big spending visitors. Said Leela Group VP Vivek Nair: “Cost of land is a big issue now for new development. We are requesting the government to change its policy of asking successful bidders to pay upfront.”Hilton is developing hotels in Delhi and the NCR by opening new properties and taking over existing ones. “Now, we operate four hotels in Delhi and more will open at Mayur Vihar and Gurgaon. Delhi-NCR has witnessed uninterrupted growth due to the development of economies of Gurgaon and Noida, and sustained investment in infrastructure,” Hilton Worldwide-India VP Rajesh Punjabi was quoted saying.Matthew Cooper, GM of Marriott (Gurgaon), had said, “There is a complete under supply of hotels in India, including Delhi. Two years ago, hotel tariff here was INR 18,000- 22,000 a night, which is not sustainable. Increase in hotel rooms will rationalise tariffs.”
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