Hotels tariffs to rise in India in 2019
According to American Express Global Business Travel’s Hotel Monitor 2019 who give its forcast for 150 cities, the price of hotel will rise in India.
This is due to an increasing number of tourists coming to visit India. One factor which contribute to this is the foreign exchange rates. For the first in ten years, occupancy rate in India have reached 65%.
It is anticipated that price of hotels will rise in the next 3-4 years in Bengaluru, Hyderabad, Mumbai and Delhi. A drift is expected in Chennai.