Thursday, February 08, 2007

No room, say Bangalore hotels

The Hindu

# There are over 4,700 rooms in about 66 hotels in Bangalore
# Some hotels have increased charges by 30 per cent

Bangalore: On a good day, rooms are tough to get in upmarket hotels in the city. Now with the Aero India 2007 on, there are no rooms to be had for love or money unless you have booked much ahead.

Visitors and tourists from all over the country and abroad are here in connection with the show, and if anyone thought it fit to fly in and look for a room, sorry but another time. "Bookings for the show had commenced almost a year back," said Amar Ravishankar, Sales Executive, Manager, Leela Kempinski. Some 200 rooms in his hotel have been booked by visitors to the Aero India show. "To cope with the demand, we have accommodated those who stay for a minimum four days," Mr. Ravishankar said.

There are over 4,700 rooms in about 66 hotels in Bangalore that are booked right through. And the rooms are pricey. To get a room below $350 a night has become near impossible in upmarket hotels.

A number of hotels have also upped their charges by 30 per cent.

"Not us," said Rakhi Lalvani, of the Taj Group. "Taj Residency has 160 rooms and Taj West End 117 rooms. They are now mostly occupied with Aero India visitors. Our hotels are providing transport facilities to Yelahanka for them."

ITC Windsor Sheraton and Towers is also pulling out all stops to make the guests' stay comfortable, said Rajesh Rohi, Reservation Assistant.

Ditto with The Grand Ashok. "Delegates from different countries as staying with us and we're providing special facilities for them, said Shalini Mahapatra, spokesperson for the hotel.

2 comments:

Martin said...

The real estate is one sector that features as one of the most badly hit sectors following the global economic meltdown. Especially in developing countries like India, where real estate was going great guns, so to say, faced a steep downfall following the recession and inflation. Especially in the metros and the developing cities like Bangalore, real estate suffered dearly as the demand for the residential units, though increasing became a pent up demand. The badly hit economy particularly the IT sector that has a strong foothold in Bangalore, and the high rates of interest in home loans made the demand for residential units go down or at best become a pent up demand. It is believed that once the situation stabilizes the demands would start surfacing. Another very problematic issue that the real estate dealers are facing is that patrons of the currently booked flats are not willing to pay the original price that they had agreed on but the current price that is less than the original amount owing to the current economic condition. Not only the residential units but the commercial properties like the hotels in Bangalore have also naturally seen a drop in their occupancy. The ITC hotels in Bangalore that registered the highest occupancy, as high as 83%, have been forced to cut down on their tariffs by almost 20% as the occupancy has also gone down by 20%. On the contrary, the business hotels in Bangalore are surviving the tough times as the number of business travelers has not been affected as hard as the umber of leisure hotels. The budget hotels in Bangalore have seen a hike owing to the obvious reasons.

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