Hotel Industry after Commonwealth Games 2010
Hotel Industry after Commonwealth Games 2010
Our country, especially Delhi is preparing fast for the Commonwealth games in 2101. I was just going through the Newspaper and saw that the DDA is auctioning hotel sites in Delhi in September 2006. These hotel sites are in Jasola, Dwarka, Shalimar Bagh, Wazirpur and many more sites are there. 10 sites will be auctioned in September itself.
The study by these newspapers says that if the Hotel site is auctioned for Rs. 400 Crores and the hotel building of 400 rooms will approximately need 600 Crores that makes the total to be 1000 Crores. In that case the Room Rate would be Rs. 25000/- per room per day just for breaking even!!!!!! Strange to here right!!!!
Now, what I think is that …. OK, people coming to visit the Commonwealth games might pay this amount for a room.
BUT…..
After the commonwealth games are over, what will happen with these hotels? Instead odf staying in a room for 25000/- bucks at Josola or Shalimar Bagh, I would prefer to stay at 10000/- bucks at the TAJ at Dhaula Kuan.
October 13th, 2006 at 3:34 am
[...] So the countdown for the Commonwealth Games 2010 has just begun. Its just 1500 days more and do you think that are we ready for it? Athletes from 71 countries will in the capital and there are many things that need to be done. Delhi is short of hotel rooms, infrastructure, transport facilities, logistics and much much more. [...]