Cheaper Holidays in India as hotels cut rates by 20%

Get huge discounts on Hotel bookings this season

The recent terror strikes coupled with the economic crisis has lead to Indian Holidays getting cheaper as hotels and tour operators are now cutting their rates by almost 20%. However, for those planning to travel this season, this news brings out reasons to celebrate. Their stay at an upscale resort in Goa or Kerala is now going to cost much less this winter. With terror attacks hitting the tourism season in India, the hospitality industry is offering hefty discounts of up to 25% and throwing in attractive sops to boost demand.

Consider this:

* 5-star tariffs in Delhi this time last year: Rs12,000-24,000 with 100% occupancy. Now, tariffs are Rs. 8,000-18,000 with 80% occupancy.

* Hotel association predicts 20% fall in tariffs across India

* Tour operators report 15-20% cancellations in bookings after 26/11.

Hotel tariffs in Delhi, Mumbai, Goa, Jaipur and Kerala are likely to nose-dive. Federation of Hotel and Restaurant Association of India (FHRAI) says that hotels across the board are likely to see a 20% cut in room rates. Those hotels which increased their fares in October for the peak season, are now reported to be reverting to last year's room rents.

In Delhi, 5-star hotel tariffs are being quoted at just Rs. 8,000 to Rs. 18,000, down from the Rs. 12,000 to Rs. 24,000 range which existed this time last year. Discounts at mid-range hotels can be bigger.

Delhi-based The Claridges Hotels and Resorts group has decided to introduce a "Global Meltdown Tariff" to sustain business. The hotel has revised current rates downward by 25%. A consultancy firm adds that highend leisure destinations will suffer a decline of 15%-20%. This will include famous tourist spots like Goa, Jaipur and Kerala.

Tour operators are already troubled by the huge cancellations coming in from Mumbai. Mumbai happens to be a major entry point for foreign tourists coming into India and after the terror strikes on 26/11, many cancellations have been reported.

Related News:

Holiday Season & financial crisis

Live Indian Stock Market & Share Price Index