Hotel-season tariffs up by about 25 per cent starting September
29 Aug 2007
1
Mumbai: September will see hotel tariffs revised upwards in Mumbai by almost 25 per cent. Additionally, hotels also plan to adopt single-currency pricing as well to profit from the strong rupee.
Starting 1 September, hotels will price tariffs in rupees, and will provide foreign guests with the choice of settling their dues in an international currency of their choice. Usually, the conversion rate applicable would be the day''s exchange rate, though some hotels charge a premium on the daily exchange rate.
September marks the commencement of the business season for the Indian hospitality industry. With widespread room shortages, hotel companies stand poised to leverage the supply-demand gap.
