Mumbai News: Anant Ambani-Radhika Merchant Wedding: 5-star hotels in BKC see surge in prices and occupancy

The impending wedding festivity has majorly benefited the hospitality industry.

Date: July 10, 2024

Amidst the buzz around pre-wedding celebrations of billionaire Mukesh Ambani’s son, Anant Ambani, and his fiancée, Radhika Merchant, the rates of 5 star hotels have seen an immense surge in Mumbai.

Besides, with the nearing of D-day, it has created a ripple effect across Mumbai’s hospitality sector, leading to a surge in hotel occupancy.

According to Goibibo and MakeMyTrip, the two prominent hotel properties in Bandra-Kurla Complex (BKC), an upscale real estate hub in Mumbai, are ‘sold out.’

Hoteliers remark that even as most hotel rooms are sold out, the remnants are charging at a premium of 30% to 50%. This usually happens during high-profile weddings or the wedding season (October to December).

One hotel’s room rate has surged to Rs 91,350 per night on July 14, compared to the usual Rs 13,000 a night, reports suggested.

As per travel websites, Trident BKC room rates are Rs 19,750 plus taxes on July 15, and Rs 11,750 plus taxes on July 16. There are no rooms available from July 10 to July 14.

Meanwhile, room rates at Sofitel BKC are Rs 30,150 on July 12, Rs 40,590 on July 13, Rs 91,350 on July 14, Rs 16,560 on July 15, and Rs 13,680 on July 16. No bookings are available on July 10 and 11, with the hotel website displaying ‘sorry, this accommodation is no longer available for the dates requested.’

However, other five-star hotels, such as Grand Hyatt, Taj Santacruz, Taj Bandra, and St. Regis, have availability on these dates.

The much-anticipated wedding is set for July 12 at the Jio World Convention Centre in BKC, Mumbai. It kicked off with international pop sensation Justin Bieber performing on July 5.