No rooms, Rs 2.3 lakh a night: BRICS Summit sends Delhi hotel rates soaring
Luxury hotels in New Delhi are experiencing a massive surge in room rates and limited availability ahead of the 18th BRICS Leaders' Summit. Industry experts note that this highlights a significant gap between India's growing global profile and its current hospitality infrastructure.
Why it matters
The event underscores the strain on India's tourism and hospitality capacity as the nation attempts to position itself as a premier global destination for international summits.
NEW DELHI: As India prepares to host the 18th BRICS Leaders’ Summit, luxury hotels in the national capital are facing a sharp squeeze in room availability, with tariffs at some marquee properties climbing beyond Rs 2 lakh a night ahead of the September 12-13 gathering.The summit, which brings leaders of the expanded BRICS grouping to Delhi and marks two decades since the bloc’s founding, is driving concentrated demand for high-end accommodation, with several premium hotels showing limited or no availability and others quoting rates of more than Rs 2 lakh per night, according to news agency PTI.Booking checks showed no room availability at Taj Mahal and The Oberoi in New Delhi for September 11-12, while Taj Palace had no rooms available for September 10-12.
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