BRICS effect: Delhi luxury hotels sell out, room rates surge ahead of Summit
Countries
Source: The Economic Times | Original Published At: 2026-08-30 07:45:00 UTC
Key Points
- Several Delhi luxury hotels, including Taj Mahal, Taj Palace, The Oberoi, and The Leela Palace, showed no or limited availability for key dates around the BRICS Summit.
- Remaining rooms at properties such as ITC Maurya and Shangri-La Eros were quoted at exceptionally high tariffs, with some rates reaching six figures per night.
- The two-day Summit on September 12-13 is compressing demand across several days as delegates arrive early and extend their stays.
- The tight inventory and high pricing may force tourists, business travellers, and families to pay premiums, shift travel dates, or choose lower-priced accommodation.
- Hotel executives said September room rates are rising year-on-year, with the BRICS Summit contributing to stronger demand and shorter booking windows.