Mumbai Hotels Ready to Profit From Coldplay’s India Concerts
25.09.2024 - 03:15
/ skift.com
/ Bulbul Dhawan
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 Marriott near the venue and Taj Vivanta in Vashi have been sold out, according to MakeMyTrip.
Coldplay tickets have caused frenzy among Indians, with the band having to add a third show in Mumbai hours after the tickets for its original two shows rapidly sold out. Entertainment platform BookMyShow’s servers crashed on Sunday as thousands of users queued up to purchase tickets.
If bad luck is an image