‘… Upto Rs 25 lakh a night’: Luxury hotel room prices skyrocket as upcoming AI summit in Delhi pushes demand

At Le Meridien, all rooms show “sold” for February 14-20. Sources at the hotel said bookings for the February 16-20 window were primarily done by the Central for the summit delegates.

The Taj Palace website shows that rooms during the summit will be available from Rs 52,500 per night. Premium rooms will be priced at over Rs 25,05,000. Rooms at the hotel are available from Rs 24,000 per night next month.

Imperial Hotel has marked February 17-18 as “restricted dates” and is not accepting any booking. Sources at the hotel said that rooms for the said dates were booked in December. “Around 70-80% of the bookings were done for the CEOs and staffers of foreign firms,” the source said, adding that this is not the first time that the prices have escalated. The G20 Summit and the 90th INTERPOL General Assembly had also pushed prices. “Tariffs are decided by the revenue management team based on the market, demand and rates set by our competitors,” the source added.

At The Oberoi, rooms on February 16 will cost at least Rs 5,50,000 per night, with the rates going up to Rs 25,00,000 for the most expensive category. The hotel, however, will charge Rs 50,000 and above for rooms a month later.

At Hyatt Regency, only three room categories are currently available for February 16. As per the tariff listed on its website, the ‘Regency Suite King’ is priced at Rs 68,711 per night, the ‘Regency Suite with Terrace’ at Rs 78,389 per night, while the ‘Regency Executive Suite’ costs Rs 71,351 per night.

Meanwhile, rooms of all categories at hotels such as ITC Maurya and Sheraton — located close to the Delhi airport — are “sold out” for the window from February 16 to 20.

Sources in an association of hotel owners said such spikes in prices are not new but this time rate has gone way too high. “The preparation [for the AI summit] had started around November. But this time we did not expect the prices to go so high. Everyone is utilising the opportunity,” one of them said, also highlighting that hotels can decide the tariffs independently.

The event will reflect a growing international momentum around responsible, inclusive and impact-driven AI. With over 35,000 registrations so far, the 2026 edition of the summit has drawn strong global interest. The event is expected to see participation from more than 100 countries. Around 15-20 heads of governments, over 50 ministers, over 40 CEOs of leading global and Indian companies, industry leaders, researchers, members of civil society organisations and international institutions are likely to participate in shaping the summit’s agenda.