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Hotels may hike corporate rates by 15% from January amid surge in demand

Most hotels are already commanding 15-20 per cent higher rates compared to 2019 for the non-contracted rooms

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The resumption of work-from-office, and MICE and corporate travel making a strong comeback has jacked up average daily rates (ADRs) at most firms. (Representative image)

Shally Seth Mohile Mumbai

3 min read Last Updated : Oct 25 2022 | 6:05 AM IST

Amid a strong pan-Indian demand across segments, hotel chains in India are looking to re-negotiate contracts with corporate firms. The new rates — expected to go up at least by 15 per cent from now — will take effect from January 2023.

Renegotiating contracts is an annual exercise and hotels typically increase rates by 5-7 per cent when signing a contract for a new year, but the pandemic forced them to defer such a revision for two consecutive years.

Resumption of work from office, meetings, incentives, conferences, exhibitions (MICE), and corporate travel making a strong comeback have jacked up average

Topics : hotels Hospitality industry Hotel Chains

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