No rooms in Mumbai, New Delhi
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Most five-star hotels in India’s New Delhi and Mumbai are booked till March next year, an Economic Times report said.
It said hotel chains have reported occupancies of over than 90% this year, compared to 70-80% last year. The capital, especially, is facing an acute shortage because of many corporate meetings and conferences.
It added that with demand outstripping supply, hotels have revised their room rates. The report said an average room in Delhi, which was available for Rs 10,000 (US$252) to Rs 12,000, has now gone up to Rs 16,000 to Rs 18,000. Suites and president suites are going for Rs 25,000 to Rs 30,000.
Greesh Bindra, vice-president, Crowne Plaza, was quoted saying: “Many in the industry have increased room tariff this year, effective from last month, by 30 to 35%. We are nearly 100% sold for the next two months. This month also saw the start of the wedding season and there is a mad rush now.”
The Times cited the hospitality sector’s boom behind the rate hikes. There are more foreign business travellers heading to India and this year has seen a 25-30% increase.
Tarun Thakral COO, The Le Meridien, was quoted saying that “almost every chain is planning a room tariff increase by 25-40%”.
The newspaper quoted the HVS annual report which said the all-India occupancy had touched the 79.8% mark for the first time this year.
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