BRICS and corporate events drive sharp September hotel demand and rate gains across India
RateGain reported bookings up 36% by volume and 82% by value in the first eight days of September versus August, as BRICS, fintech and semiconductor events lifted demand. Delhi hotel rates, MICE activity and corporate travel also accelerated.
What happened
RateGain Travel Technologies · Hotel demand across Indian business and event markets is accelerating in September, led by BRICS, fintech and semiconductor
Key facts
- RateGain bookings rose 36% by volume and 82% by value in the first eight days of September versus August
- CoTrav corporate events, MICE and travel activity from existing clients increased 20-30%
- CoTrav new-client activity increased 50% in September
- CoTrav September business was up over 70% versus September 2025
- Ibis and Ibis Styles occupancy rose 8-10% year-on-year
- Ibis and Ibis Styles average daily rates rose 16-18% year-on-year
- Delhi luxury hotel rates rose 59% year-on-year
- Delhi four-star hotel rates rose about 113% year-on-year
- Delhi budget bookings rose 138% year-on-year
- Mumbai core-hotel booking volumes increased around 5%
- India MICE rates rose 10-15% year-on-year
Why this matters
Prioritize partnerships or acquisitions in Delhi and major event hubs, where BRICS-scale conferences, fintech and semiconductor gatherings are strengthening premium hotel demand.