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Luxury hotels in Delhi are witnessing a sharp squeeze in room availability

ICICIdirect Research 31 Aug 2026 DISCLAIMER

News: Luxury hotels in Delhi are witnessing a sharp squeeze in room availability ahead of the BRICS Summit scheduled for September 12–13. Several premium properties are reportedly sold out for key dates, while the limited rooms available are commanding six-figure nightly tariffs.

View: Domestic hotel companies delivered a decent performance in Q1FY27, largely led by the leisure segment. Looking ahead, we expect H2FY27 demand to remain healthy, with events such as the BRICS Summit, coupled with the upcoming wedding season with 40+ wedding dates, likely to support sustained growth in room rates and RevPAR growth in the low double digits. Further, if the geopolitical/war situation subsides, a revival in international travel could provide an additional demand tailwind, supporting improvement in occupancies and further upside to RevPAR growth.

Impact: Neutral

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