MUMBAI: Room rates at Mumbai’s top luxury hotels have surged dramatically ahead of Anant Ambani’s wedding this week, creating high demand from July 11-17. The wedding, set for July 12 at the Jio World Convention Centre in Bandra Kurla Complex (BKC), has led to skyrocketing prices at luxury hotels. Prominent examples include the Four Seasons Mumbai, which is offering a presidential suite on July 12 for Rs 5 lakh per night, excluding Rs 90,000 taxes.
According to The Economic Times report, the Trident in Bandra Kurla has no available rooms from July 11-12, while the Sofitel Mumbai BKC charges Rs 66,434 for a night on July 11. The Trident at Nariman Point offers rooms at Rs 36,875 for the same date, and the ITC Grand Central’s rate stands at Rs 25,370. The Oberoi Mumbai is charging Rs 63,130, and Taj The Trees has rooms available for Rs 42,362. A room at Holiday Inn near the Mumbai International Airport costs Rs 25,699.
According to CNBCTV18, rates at some hotels have skyrocketed. A hotel that typically charges Rs 13,000 is now quoting Rs 91,350 per night on July 14. This dramatic price hike reflects the high-profile nature of the wedding, attracting guests from around the world.
The publication also revealed that the main hotels in BKC are fully booked according to travel and hotel websites. Room rates at the Trident BKC stand at Rs 10,250 per night plus taxes on July 9, rising to Rs 16,750 plus taxes on July 15, and Rs 13,750 plus taxes on July 16. Rooms are marked “sold out” from July 10 to 14 on the hotel’s website.
“From the 11th to the 17th, there is a surge in demand for hotels in BKC and even around the airport for mainly chain hotels,” said an industry insider. The Trident BKC is sold out for July 11, and other hotels like the Sofitel, JW Marriott, and The Leela are witnessing a 25-30% price increase.
A spokesperson for a luxury hotel while talking to ET commented on the demand and rate hikes, attributing it to the scarcity of luxury hotels, “International chains work on dynamic pricing. We are nearly sold out for the week. Suites are seeing high demand because of the high-profile nature of the guests. We expect rates to stabilise and come back to normal after July 20.”
The impact of the wedding celebrations extends beyond the wedding date. The Four Seasons is charging Rs 27,730 for a stay on July 15, and the Sofitel Mumbai BKC is available for Rs 24,638. On the weekend, the JW Marriott in Juhu has rooms for Rs 23,600 on July 13, while Taj Lands End offers accommodations for Rs 21,028.
Sofitel BKC’s room rates fluctuate significantly during this period. Prices stand at Rs 13,000 plus taxes on July 9, rise to Rs 30,150 on July 12, reach Rs 40,590 on July 13, and peak at Rs 91,350 on July 14 before dropping to Rs 16,560 on July 15 and Rs 13,680 on July 16. The hotel’s website indicates no room availability for July 10 and 11.