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The deluge in Bengaluru has led to a spike in demand for hotel rooms and a surge in room tariffs in some hotels as people escape waterlogged homes. Most hotels in the city already had a very high occupancy before parts of Bengaluru got marooned and current high rates were not a direct consequence of the floods, said industry players. When contacted, an OYO spokesperson said: "The average tariff for OYOs in Bangalore currently stands a little over Rs 1,000, making OYO an affordable and easily accessible stay option for flood affected people in the city. Our 'Nearby stays' option and 'Pay at hotel' facility makes booking an OYO easy for the rain drenched Bangaloreans looking for hotels. We hope to support as many Bangaloreans with quality stays during this challenging time for the city." At Leela Palace Bengaluru, a staff said the pricing has always been dynamic based on occupancy and demand. At present the existing rate for a standard double room for a night is Rs 15,750 plus taxes p
Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata group hospitality firm said that the long-term outlook of the industry is going to be far more positive than it was 5-10 years ago, although the volatility and geopolitical sentiments around the world amid the fear of the fourth wave of COVID-19 makes it difficult to forecast beyond 100 days. "What we are experiencing in the last four to six weeks is such a strong revival. I can definitely speak for IHCL that our March, April and May (2022) business on the books is higher than March, April and May of 2019," Chhatwal said. He said the bounce back in the business is led by domestic demand as "international is very limited for 'bubble flights' or OCI (overseas citizen of India)". While the international flights is scheduled to resume .