By Mariam Khan and Abhishek SharmaThe latest edition of The Hindu magazine has put together a list of the 10 most expensive hotels in the country with prices rising at an alarming rate.
The list also lists the cities where hotel rooms are getting the highest price tags.
In Mumbai and New Delhi, the average hotel price tag is Rs 10.27 lakh per night.
Delhi, however, is ranked third with a hotel bill of Rs 10,000 per night, while Mumbai’s rate of Rs 6,500 per night is higher than the national average.
The average rate in Mumbai is Rs 7,000.
The list includes all of Mumbai’s hotels and the entire metro system.
The hotel market is becoming more expensive as a result of the global economic slowdown, which has impacted both the hotel industry and the economy as a whole.
The country is currently witnessing a steep rise in the number of people leaving the country, which will lead to higher hotel prices.
According to an economist from Mumbai-based research firm ICICI Bank, the price of a room in Mumbai has risen by more than 300 per cent in the past year, while Delhi is experiencing a massive increase.
The average rate of increase in hotel prices has reached around 400 per cent, with hotels in Delhi experiencing a sharp increase in the price tag.
While Mumbai is the largest city in the national capital, the prices of hotel rooms have been increasing by more over 50 per cent.
While a hotel room in New Delhi costs Rs 13.79 lakh, a hotel in Mumbai costs Rs 12.55 lakh, according to ICICA.
The price tag in Delhi has also increased, with the average price tag increasing by almost 900 per cent over the past five years.
The latest edition also mentions that prices in Mumbai are also increasing at a very rapid rate, and the city has become a destination for many foreign travellers.
In the past couple of years, a lot of international travellers have been staying at the city hotels.
In addition to hotels, hotels also house bars, restaurants, shops and other businesses.
However, the latest edition puts the emphasis on the amount of tourists coming to the city from abroad, as well as the amount being booked in hotels.
The city’s hotels are also a major source of income for the city.
The city has also seen an increase in business establishments and hotel rooms being used for business purposes.
This is partly due to the introduction of the Mumbai Development Authority’s hotel development schemes.
The Mumbai Development Board is a non-profit organisation that manages the city’s infrastructure.
However the hotels are mostly being used as tourist destinations, according the latest report.
According to the report, the Mumbai government has given a whopping Rs 6.28 lakh crore for hotel development projects, of which Rs 656.38 crore has been allocated to hotels.