Mumbai Hotels Ready to Profit From Coldplay’s India Concerts - India Report
Photo Credit: Typically, these hotels charge between INR 7,000 to INR 30,000 ($84 to $360) per night. Pexels / Wendy Wei
Skift Take
The Coldplay concerts have fans from all over India scrambling to get tickets - reselling is rampant and at exorbitant prices. And now, booking hotels is getting more expensive for the fans, as well.
Coldplay is coming to Mumbai in January, and the hotels are ready to make money off of it. The band’s three-show event has caused hotel prices near the DY Patil Stadium to surge to INR 640,000 ($7,600) for three nights, according to prices listed on Booking.com.
The Regenza By Tunga is priced at INR 360,000 ($4,300) for three nights while The Fern Residency Turbhe is listed at close to INR 250,000 ($3,000). Booking.com shows that despite the high price, Four Points by Sheraton Navi Mumbai only has two rooms available, and The Regenza By Tunga has one room available.
All major branded hotels, including Taj The Trees, JW Marriott in Sahar and Juhu, The Westin in Garden City and Powai Lake, Four Seasons Hotel, The St. Regis Mumbai, and The Oberoi Mumbai are all listed at over INR 150,000 ($1,800) for three nights during the concert, according to online travel platform Yatra.
Typically, these hotels charge between INR 7,000 to INR 30,000 ($84 to $360) per night.
All Sold Out: Most of the hotel inventory has already been sold out, with only about 20 branded and unbranded hotels remaining available within a 10-km (6-mile) radius of the venue. Courtyard by Marr
