Overview
- Fresh portal snapshots show single-night quotes crossing seven figures, including an Imperial suite listed around ₹11.64 lakh for Feb 15–16 and other top hotels pricing well above usual bands.
- At Taj Palace, a Garden Luxury Suite is posted at ₹27.55 lakh per night before tax for Feb 16–20, taking the bill to nearly ₹32 lakh with taxes, far above the roughly ₹2 lakh rate days earlier.
- Hotel websites and travel platforms indicate near sell-outs at central Delhi properties around Feb 18–20, with standard rooms that typically cost ₹20,000–₹40,000 now priced in lakhs.
- Industry executives attribute the surge to foreign delegations, corporate block bookings, security-driven requirements and limited premium inventory, with some spillover to private jets and chauffeur services.
- Mohandas Pai publicly criticised the extreme tariffs as damaging to India’s image and urged a hotel code of conduct, while analysts describe the spike as a brief windfall tied to the Feb 16–20 summit window.