Chennai: It may sound strange but the reality is that living in Chennai may be inexpensive for many except that five-star accommodation in this metro is costlier than other metros in India.
Indian travellers to the city paid Rs 8,686 during their stay in five-star hotels in 2015 while those visiting Pune paid the least at Rs 7,602 a night. Chennai took the fourth position followed by Hyderabad in Telangana at Rs 8,686 and Rs 8,701, respectively, for a night’s hotel stay, according to the latest Hotels.com Hotel Price Index (HPI) report. Eight cities from India featured as prominent destinations that offered best value five star accommodation, including Mumbai, Delhi, Bengaluru and Kolkata.
While Pune emerged as the best five star hotel destination where Indian travellers paid the least in 2015, with an average price of Rs 7,602 a night, Jaipur took the second place with an average tariff of Rs 7,844 a night and Kuala Lumpur (Malaysia), ranked third on the list to offer best deals for five star accommodation with tariff of '8,114 per night last year.
Ho Chi Minh City, the largest city in Vietnam, was ranked ninth in the list, where Indians paid Rs 9,700 for a night, as per the data obtained from bookings made in hotels on the Hotels.com websites worldwide.
According to sources, five star hotels sector along with fine-dining, electronic gadgets, luxury personal care and jewellery, performed well in 2015 and are expected to grow by 30-35 per cent over the next three years.
Factors that fuelled the luxury industry’s growth are the rise in disposable income, brand awareness among youth and purchasing power of the upper class, it is said.
