Luxury hotel rates in New Delhi have surged, with some properties exceeding ₹2.3 lakh per night ahead of the BRICS Summit on September 12-13.
Major hotels including Taj Mahal, The Oberoi, and Taj Palace report zero room availability for the period between September 10 and 12.
Industry leaders note that average room rates across portfolios are pacing more than 25 percent higher year-on-year due to the event-led demand.