It’s proving to be a cracker of a Diwali for Delhi’s hotel industry that has been reeling under the impact of global recession and had seen a sharp erosion in occupancies and tariffs since last year.With the economy gradually recovering and industry expecting a significant increase in inbound travel this winter, hotels have hiked tariffs by 15% to 25% for this peak travel season.
As a result , five star tariffs – that had fallen to an unprecedented low of Rs 6,000-8,000 this summer – are now upwards of Rs.12,000 as hotels try to make up for the business lost since early last year.
The newly opened Leela Kimpinski, Gurgaon, - which since opening this summer has emerged as the luxury hotel with the highest tariff in the NCR – has raised rooms rates by Rs 2,000 and suites are dearer by Rs 5,000-10,000.According to the online published tariff, room rates have gone up from the summer range of Rs 19,000-, 26,500 to Rs 21,000-28,500 now.
Federation of Hotel and Restaurant Association of India vice-president Rajendra Kumar said on an average, tariffs have gone up by 25%.
Imperial’s spokesperson Ajanta Chatterji said: “Two years prior to recession setting in were a dream run for the industry. This summer, we had to lower tariffs quite a bit as the demand been weak. Now for this winter, we have hiked tariffs by 15-20%.So the summer average room rate of Rs 10,000 is about 20% more now.”
However as expected, the post-recession recovery is throwing up its own surprises.” The travel trend has changed. Last winner we had international leisure and business travelers in 70:30 ratio. Now the ratio has inversed,” she added.
The Oberoi, Taj Man Singh and Imperial have almost similar tariffs.
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