Luxury Hotel Market Surge Ahead of BRICS Summit
With the BRICS Summit scheduled for September 12–13, 2026 at Bharat Mandapam, New Delhi, the city’s luxury hotel market is witnessing a sharp rise in room rates.
Quote from Mr. Nikhil Sharma, Managing Director & COO, South Asia, Radisson Hotel Group:
> “September is showing stronger momentum, with average room rates across our portfolio pacing more than 25% higher year-on-year. The upcoming BRICS Summit in New Delhi is contributing to heightened demand, particularly in the days around the event, with shorter booking windows further supporting rate growth. We expect demand to remain strong as the summit approaches, with more travellers likely to make last-minute bookings closer to the event dates. Beyond the summit, demand continues to be supported by corporate travel, MICE, social events, conferences and domestic leisure travel.”
Key Takeaways
- Room rates: Up 25% YoY across Radisson’s South Asia portfolio.
- Summit effect: Shorter booking windows and last-minute demand driving rate growth.
- Beyond BRICS: Corporate travel, MICE, social events, conferences, and domestic leisure continue to sustain demand.
This positions New Delhi’s hospitality sector for one of its strongest months in recent years, with the BRICS Summit acting as a catalyst for both international and domestic travel demand.
