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The Economic Times

Business

BRICS effect: Delhi luxury hotels sell out, room rates surge ahead of Summit

Summit Luxury New Delhi BRICS Summit

New Delhi: Delhi's luxury hotel market is witnessing a sharp squeeze in room availability and a steep surge in tariffs ahead of the BRICS Summit, with several marquee properties either showing no rooms for key dates or quoting rates running into six figures a night.

A check of hotel booking platforms for September 11-13 showed no availability at Taj Mahal and Taj Palace in New Delhi, while The Oberoi, New Delhi, was sold out for portions of the period. The Leela Palace New Delhi was not accepting bookings for the specified dates.

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