The latest Hotel Price Index (HPI). report by Hotels.com indicates a clear price rise in hotels in popular destinations across the country. One key reason for the price rise could be the increase in domestic travel because the Rupee has struggled against foreign currencies. Indians have become more cost conscious and are possibly making trips to destinations within India.
Speaking on the HPI report, Mr. Rajiv Malhotra, Head of Marketing, South East Asia, Hotels.com says, “The depreciating value of the rupee against most of the other currencies could be a key reason for the upswing in domestic travel. This has also resulted in hotel room rates rising at popular destinations like Jaipur, Goa and Manali as per the current HPI report. Cities like New Delhi, Bangalore and Mumbai also show a hike in room rates because they are preferred halt destinations for travellers as they are business and cultural hubs. They are also well connected to other tourist destinations.”
Major cities such as New Delhi, Bangalore, Chennai, Ahmedabad have shown a hike in room rates. Average room price in New Delhi has seen a 9% increase to 5,914 INR and prices in Mumbai are up by 3% to 6,539 INR. Bangalore, the garden city has also seen a 5% rise to 4,595 INR in hotel room rates. Chennai experienced only a marginal price rise of 1% to 4,707 INR.
Popular tourist hotspots in India have seen double digit growth in hotel room rates. Mysore has shown the highest rise of 19% with average room rates at 3,111 INR. Jaipur, also has shown a whopping 13% rise in hotel room rates to take the average room rates to 3,854 INR while the city of Agra known for its magnificent Taj Mahal, has witnessed a 16% rise to 4,418 INR. Goa, the most favourite beach destination, is not far behind with a 12% increase in hotel room rates. Manali, one of the favorite hill stations for the city dwellers in the north, has shown a significant rise of 8% to 2,428 INR.
Average hotel prices in 2011 compared to 2010 by country in INR as follows:
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