Delhi luxury hotels experience room shortages and rising prices ahead of BRICS Summit.

Room Shortages and Price Surge at Delhi Luxury Hotels Ahead of BRICS Summit

Luxury hotels in Delhi are experiencing significant room shortages as they approach full capacity due to the upcoming BRICS Summit scheduled for September 12-13, 2023. Nightly rates have reportedly surged, with some establishments charging upwards of ₹2 lakh per night.

The BRICS Summit, which includes Brazil, Russia, India, China, and South Africa, is a significant event, attracting high-level delegations and dignitaries from these nations. This influx of visitors has resulted in a steep increase in demand for accommodation, leading to higher tariffs and limited availability.

The hotel sector has been preparing for this event, with many establishments enhancing their facilities and services to cater to the needs of international guests. The increase in pricing reflects not only the high demand but also the services and amenities expected by attendees.

In addition to accommodation issues, the Delhi Police have issued an advisory regarding traffic regulations during the summit, indicating that measures will be in place to manage movement around key venues.

This summit presents India with a strategic opportunity to strengthen its relations within the BRICS framework and potentially reshape cooperation among member states in various sectors, including trade, technology, and security.