As India - Pak ODI world cup Match is on October 15th, Hotel rent in the city surging 10 times from the normal rates on that day.
ICC's Announcement of fixing for the ODI World Cup on Tuesday has raised hotel room rates to Skyrocket as much as Rs 1 lakh in Gujarat City for the match day.
This exceptional demand has caused the normal day room rent of an average of Rs. 8,000/- to go up to Rs. 40,000/- in luxury hotels and even up to Rs. 1 lakh at some places for October 15th.i.e. for Welcome Hotel by ITC Hotel prices of Rs 71999/-
Renaissance Ahmedabad Hotel surge Rs. 90679/-
And so many more are there.
Officials of the Gujarat Hotel and Restaurant Association (HRA) told the news agency that the price hike is a result of bookings done mostly by Non-resident Indians & Fans living in other states. Once the demand drops, the prices will come down.