Chennai has expensive five star hotels, says report
Posted on: 24/May/2016 10:15:55 AM
Five star accommodation in Chennai is among the highest compared to other metros in the country. This is in spite of the relatively inexpensive standard of living in the city.
According to the latest Hotels.com Hotel Price InDex (HPI) Report, Indian travellers to the city paid Rs 8,686 during their stay in five-star hotels in 2015 while those visiting Pune paid the least at Rs 7,602 a night. Chennai took the fourth position followed by Hyderabad in Telangana at Rs 8,686 and Rs 8,701, respectively, for a night’s hotel stay.The report features eight cities as prominent destinations that offered best value five star accommodation.
Pune was ranked as the best five star hotel destination in 2015 where Indian travellers paid the least. The average price was Rs. 7602 per night. Jaipur came second with an average of Rs. 7844 per night. Kuala Lumpur in Malaysia was third with an average of Rs. 8114 per night. Ho Chi Minh City was ninth with an average of Rs. 9700 per night.
Sources say that the five star hotel sector per formed well in 2015, along with the sectors of fine-dining, electronic gadgets, luxury personal care and jewellery, performed well in 2015. According to the report, Factors that fuelled the luxury industry’s growth are the rise in disposable income, brand awareness among youth and purchasing power of the upper class.
