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Posted on Sun, Mar. 05, 2012 |
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| Travel Notes |
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| ASIA |
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| India hotel room crisis causes upsurge in rates |
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| India is facing a severe shortage of higher-quality hotel rooms, a crunch that has spurred hotels to raise rates dramatically, a travel executive said. |
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| The shortage of rooms at hotels that meet Western standards has led many in major cities like Bangalore, the country's high-tech hub, to require three weeks' advance notice of bookings. |
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| Rates in Bangalore, Madras, Goa and Mumbai went up last year by more than 20 percent, said Manav Thadani, who heads the Indian operations of HVS, a hotel consulting firm. In New Delhi, they rose by almost 50 percent. The current average room rent in higher-quality hotels has gone up to $282 in Bangalore and $380 in New Delhi. |
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``The year 2012 will be under-supplied by up to 10,000 rooms,'' Thadani said. |
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The shortage of rooms has been caused by a combination of increased business activity and leisure travel within the country and tourists from abroad, Thadani said.
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