Delhi Luxury Hotels Face Inventory Lockout Ahead of BRICS Summit

Luxury hotels in Delhi are reporting a complete inventory lockout, with room tariffs surging up to seven times their normal rates, reaching over ₹1.5 lakh per night.

The extreme demand is driven by the upcoming BRICS Summit at Bharat Mandapam, which has led to a massive influx of international delegates and high-profile visitors.

Industry experts note that the room crunch is expected to persist through the duration of the summit, significantly impacting business travel and local hospitality availability.