Economy

Hotel prices: Delhi, Mumbai see fall in H1 of 2013

| | Updated on: Dec 16, 2013

Hotel prices across the world declined in the first half of this year, with Delhi and Mumbai witnessing the second and third steepest fall in 5-star rates in global cities, according to a report.

London saw the biggest fall of 20 per cent for 5-star hotel rooms, as per the Hotel Price Index (HPI) report by Hotels.com.

“There was price fall in 5 star and 4 star hotels around the world in the first half of 2013. The report reveals that London saw the steepest fall at 20 per cent for 5-star hotel rooms, falling to Rs 22,653, followed by New Delhi by 14 per cent at Rs 9,433 per night. Mumbai stood at the third position with price fall of 10 per cent in the 5-star hotels at Rs 10,123 for rooms per night,” it said.

In the 4-star category, prices slid 14 per cent to Rs 10,644 in Zurich, followed by San Francisco at 11 per cent drop to Rs 12,511, the report said.

Other European cities in the category were Prague, down 10 per cent to Rs 5,727, Amsterdam down 8 per cent to Rs 9,959 and Berlin down 5 per cent to Rs 6,959.

The report further revealed that the two Indian cities, Delhi and Mumbai, also featured in this category, with the capital city witnessing a 10 per cent fall to Rs 6,612 and the financial capital of the country saw a drop of 5 per cent to Rs 7,343.

Hotels.com is online accommodation booking website with almost 240,000 properties around the world, ranging from international chains and all-inclusive resorts to bed and breakfasts, it said.

Published on December 16, 2013

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