The upcoming ICC Men’s Cricket World Cup is set to bring a one-time bonanza to many sectors, as fans splurge during the event that stretches from 5 October to 19 November.
Hotels are the clear winners with the event falling in the festive and holiday season when demand is usually strong.
Occupancies and average room rates are likely to rise in the December quarter (Q3FY24) with the prices on match days expected to shoot up.
According to major hotel websites, a room at the Ginger hotel in Ahmedabad, RTO Circle costs ₹43,000 to ₹48,000 on 14 October, when India plays Pakistan. Ginger is a hotel brand under The Indian Hotels Co. Ltd (IHCL).
For perspective, IHCL’s average room rate (domestic) in the June quarter was ₹9,128.
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