Hotel prices have surged to eye-popping levels in the national capital with several premium hotels hiking night tariffs to nearly Rs 30 lakh in the run-up to the India AI Impact Summit 2026 next week. The India AI Impact Summit 2026 scheduled from Feb. 16 to 20 is expected to draw leading figures from the global technology sector, including Sundar Pichai and Sam Altman.
At the Taj Palace, a Garden Luxury Suite overlooking the pool is listed at Rs 25 lakh per night between Feb. 16 and 20, with taxes of roughly Rs 4.5 lakh pushing the total close to Rs 29.5 lakh. By contrast, the same king-bed suite is priced around Rs 1.5 lakh a night, on Feb. 13 and 14. The taxes stand at Rs 27,000.
Similar trends are visible elsewhere, with Andaz Delhi by Hyatt charging Rs 3.86 lakh for its Signature Suite, as per a Moneycontrol report. At the time of writing, the official website of Hyatt said the suite is unavailable from Feb. 16 to 20. Similarly, ITC Maurya says no rooms are available between Feb. 16 and Feb. 20.
The sharp price hike points to an exceptional surge in demand, with high-end rooms being snapped up quickly as international dignitaries, policymakers and business leaders arrive in the capital.
As per a Moneycontrol report, occupancy at The Lalit in Delhi is close to full for Feb. 19 and 20. Vineet Kapoor, hotel manager at The LaLiT Suri Hospitality Group, said the property will be accommodating several international leaders and delegates during the summit.
The surge is being driven by large numbers of Indian and international delegates, technology leaders and corporate guests arriving for the event. Many visitors are also extending their stays to accommodate business commitments and short leisure breaks in Delhi, while bulk corporate bookings and group reservations have played a key role in pushing up occupancy.
Hotels have also reported higher demand for conference facilities, dining outlets and business support services.
Hotel tariffs during the summit period are running at two to three times the levels seen in January and early February, reflecting pricing driven by heightened demand for a major international event, Animesh Kumar, commercial head at ibis and ibis Styles India, told Moneycontrol.
Kumar said large-scale international events offer a major spin-off for the hospitality sector, reinforcing Delhi's role as a global hub for Meetings, Incentives, Conferences, and Exhibitions (MICE) activity and policymaking. For hotels, he noted, the benefits include higher-quality demand, increased international exposure and continued business after the event concludes.
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