Hotel Tariff

The Fern Residency Turbhe charges Rs 236,943 for a two-night stay during the concert, while the Four Points by Sheraton Navi Mumbai costs Rs 135,700 for one night on January 21

Most of the hotels, including five-star properties, near DY Patil Stadium in Navi Mumbai are now fully booked for January 18, 19, and 21

The market cap of listed hotels, at Rs 1.2 trillion, is expected to reach 1.5 trillion by the end of 2024

Even budget hotels may go out of tourists' reach between December 30, 2023 and January 2, 2024, hoteliers said

There are likely to be 3,800,000 weddings during the ongoing season, according to the Confederation of India Traders (CAIT), which is expected to generate Rs 4.7 trillion worth of business

Travel firms have also noticed a shift in the Visiting Friends and Relatives (VFR) trend usually seen during festivals

2.5 million marriages may get solemnised during the wedding season starting next week; tariff at hotels up by a record 25-30% over 2019-20 levels

Anshu Jalora and Vijeta Soni's firm Sciative uses AI, automation and big data to set movie ticket prices, and bus and airline fares, based on the demand curve for these services and products

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

Occupancy has grown after a long hiatus, yet hoteliers are struggling to raise rates

The year 2017 was a story of occupancy growth and 2018 is going to be about rates