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What is the story about?
Delhi’s luxury hotel tariffs have surged sharply ahead of the India AI Impact Summit scheduled from February 16-20, with several five-star properties either sold out or quoting rates many multiples higher than usual.
The global AI event, which is expected to draw more than 35,000 delegates from over 100 countries, including senior executives such as Google CEO Sundar Pichai and OpenAI’s Sam Altman, has triggered a demand spike across the city’s hospitality sector.
At the top end, prices have risen nearly 15x from early-February levels. A luxury suite at Taj Palace that was available for around ₹2 lakh per night on February 13-14 is close to ₹30-32 lakh per night for February 17-18, implying a nearly 15x increase within days.
A similar trend is visible at The Oberoi, New Delhi. Its luxury suites, priced at about ₹4 lakh per night on February 13-14, are now listed at around ₹25 lakh per night between February 16 and 19, translating to a 6x-plus jump over pre-summit rates. These suites include living and dining areas, daily breakfast and airport transfers, excluding taxes.
Other luxury properties are also seeing elevated pricing. At Andaz Delhi by Hyatt, a Signature Suite is available at about ₹3.86 lakh per night during the summit window. Hotels such as The LaLiT, Eros Hotel and Jaypee Vasant Continental are reporting 90-95% occupancy, with premium inventory largely sold out.
Hotels listed on the official AI Impact Summit website include Aloft New Delhi Aerocity, Andaz Delhi, Claridges, Eros Hotel, The Grand New Delhi, Hyatt Regency Delhi, The Imperial, ITC Maurya, JW Marriott Aerocity, Le Meridien, Pride Plaza, Pullman Aerocity, Radisson Blu Plaza, Roseate New Delhi, Shangri-La Eros, Sheraton New Delhi, Taj Mahal Hotel, Taj Palace, The Ashok, The Connaught, The LaLiT, The Leela Palace, The Lodhi, The Oberoi New Delhi, and Vivanta by Taj, among others.
Hotel executives attribute the spike to demand rather than one-off pricing decisions. Apart from summit delegates, corporate bookings, bilateral meetings and business travel linked to the event have tightened room availability. The spillover effect is being felt across segments, with overall citywide occupancy estimated at around 90%.
While the immediate effect is a sharp rise in room tariffs, industry executives see longer-term gains. Large-scale international events help position Delhi-NCR as a hub for MICE (meetings, incentives, conferences and exhibitions), driving future business across accommodation, banqueting, food and beverage, and ancillary services such as airport transfers and networking events.
The global AI event, which is expected to draw more than 35,000 delegates from over 100 countries, including senior executives such as Google CEO Sundar Pichai and OpenAI’s Sam Altman, has triggered a demand spike across the city’s hospitality sector.
At the top end, prices have risen nearly 15x from early-February levels. A luxury suite at Taj Palace that was available for around ₹2 lakh per night on February 13-14 is close to ₹30-32 lakh per night for February 17-18, implying a nearly 15x increase within days.
A similar trend is visible at The Oberoi, New Delhi. Its luxury suites, priced at about ₹4 lakh per night on February 13-14, are now listed at around ₹25 lakh per night between February 16 and 19, translating to a 6x-plus jump over pre-summit rates. These suites include living and dining areas, daily breakfast and airport transfers, excluding taxes.
Other luxury properties are also seeing elevated pricing. At Andaz Delhi by Hyatt, a Signature Suite is available at about ₹3.86 lakh per night during the summit window. Hotels such as The LaLiT, Eros Hotel and Jaypee Vasant Continental are reporting 90-95% occupancy, with premium inventory largely sold out.
Hotels listed on the official AI Impact Summit website include Aloft New Delhi Aerocity, Andaz Delhi, Claridges, Eros Hotel, The Grand New Delhi, Hyatt Regency Delhi, The Imperial, ITC Maurya, JW Marriott Aerocity, Le Meridien, Pride Plaza, Pullman Aerocity, Radisson Blu Plaza, Roseate New Delhi, Shangri-La Eros, Sheraton New Delhi, Taj Mahal Hotel, Taj Palace, The Ashok, The Connaught, The LaLiT, The Leela Palace, The Lodhi, The Oberoi New Delhi, and Vivanta by Taj, among others.
Hotel executives attribute the spike to demand rather than one-off pricing decisions. Apart from summit delegates, corporate bookings, bilateral meetings and business travel linked to the event have tightened room availability. The spillover effect is being felt across segments, with overall citywide occupancy estimated at around 90%.
While the immediate effect is a sharp rise in room tariffs, industry executives see longer-term gains. Large-scale international events help position Delhi-NCR as a hub for MICE (meetings, incentives, conferences and exhibitions), driving future business across accommodation, banqueting, food and beverage, and ancillary services such as airport transfers and networking events.
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