New Delhi’s top luxury hotels, including Le Meridian, Eros, Hyatt Regency, Taj, Grand and Aman, have seen a decline in occupancy in the first five months of this financial year in comparison to the same period last year, according to Delhi government figures.
The decline, said Delhi government officials, ranges between three per cent and 12 per cent. They attribute the trend to the opening of several luxury and branded hotels in Gurgaon, Noida and Greater Noida.
“The slowdown in global economy has affected hotel business worldwide. Delhi’s traffic scenario has worsened matters. People who travel for business purposes prefer to stay close to their offices rather than staying in Delhi and waste time travelling between Delhi and the satellite towns,” said a senior Delhi government official. Sardar Patel Marg and National Highway 8, the roads that link Delhi and Gurgaon, are among the most congested roads of the Capital.
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