The average room rates in India rose 12 per cent to Rs 4,696 in the first half of 2012, according to the latest Hotels.com Hotel Price Index report. Among major Indian cities, hotel prices in Chennai rose 11 per cent, Mumbai prices were up 7 per cent and prices in New Delhi and Kolkata rose by 4 per cent and 2 per cent respectively.
Prices for Indian travellers abroad also rose in about two-third countries included in the hotel price index, due to more stable situation in Middle East and Asia, following the political and environmental turmoil in the first half of 2011, the report showed. "One of the main drivers for these increases has been the continued expansion of low-cost carriers in the region. This has resulted in a travel boom," Johan Svanstrom, VP, Hotels.com APAC said in a report by Money Control.
"It is anticipated that room and occupancy rates across APAC will continue to rise as demand from business and leisure travellers outstrips supply in many key markets," he added. However, he warns that currency fluctuations and uncertainties in the global economy could affect inbound tourism. According to data released by ministry of tourism last week, foreign tourist arrivals in India rose 6.6 per cent to 3.76 million between Jan-July this year. In 2011, 6.29 million foreign tourists visited India, it said.
Prices for Indian travellers abroad also rose in about two-third countries included in the hotel price index, due to more stable situation in Middle East and Asia, following the political and environmental turmoil in the first half of 2011, the report showed. "One of the main drivers for these increases has been the continued expansion of low-cost carriers in the region. This has resulted in a travel boom," Johan Svanstrom, VP, Hotels.com APAC said in a report by Money Control.
"It is anticipated that room and occupancy rates across APAC will continue to rise as demand from business and leisure travellers outstrips supply in many key markets," he added. However, he warns that currency fluctuations and uncertainties in the global economy could affect inbound tourism. According to data released by ministry of tourism last week, foreign tourist arrivals in India rose 6.6 per cent to 3.76 million between Jan-July this year. In 2011, 6.29 million foreign tourists visited India, it said.