October is usually a slow month for the hotel industry in Indore, but things are expected to be different this time around.
Hotels stand to gain the most from an increase in business travel in the third week of October when the city will host the Global Investors’ Summit (GIS).
“We expect bookings for 600-700 rooms in premium hotels across the city for the delegates attending the investors summit,” Indore Hotels Association president Sumit Suri told HT.
The hoteliers also expect an increase in room occupancy before and after the two-day event as many guests extend their stay to visit the nearby tourist spots.
The meet will benefit the hotels in the city as October is a lean month with room occupancy levels at around 50%. During the marriage season, which starts from November, the room occupancy levels shoot up to 80%.
However, the association has cautioned the government against making bulk booking with only a few days before the event.
“It would be better if the bookings are made well in advance after taking into account the existing tariffs so as to avoid any financial loss,” Suri said.
The association has also urged the government to make use of Federation of Hotels and Restaurants Association of India database to invite eminent hoteliers for the GIS.
In 2014, the government had booked 1,000 rooms as the number of delegates was higher. This year, it has made the registration norms more stringent.
Apart from the representatives from the state, the government expects about 700 industrialists, trade representatives, foreign delegates and other eminent people for the GIS scheduled to be held on October 22-23. Representatives of 15 countries including USA, Canada, UK, Japan, China, South Korea and UAE will attend the mega event.
Bookings for VIPs
600-700 rooms to be booked in city’s top hotels for Global Investors’ Summit
The meet will benefit the hotels in the city as October is a lean month with room occupancy levels at around 50%
Many guests extend stay as they visit tourist places
A large of number of foreign delegates will be accommodated in 3-5 star hotels
In 2014, the government had booked 1,000 rooms as the number of delegates was higher