Delhi is gearing up to host the first-ever 'AI Impact Summit,' attracting international guests and tech industry giants. This event, taking place from February 16 to 20 at Bharat Mandapam, has revitalized the hotel industry in the capital. The surge in demand for five-star accommodations has led to soaring prices, with some room rates now resembling the cost of luxury vehicles for a mere four-day stay. This phenomenon is surprising many, as the steep rental fees reflect the heightened demand and increased competition for limited hotel spaces during the summit.

The atmosphere surrounding the summit is reminiscent of major international gatherings, particularly the G-20 summit, where VIP guests will require extensive security and high-standard accommodation. The surge in bookings at top-tier hotels showcases the intense interest in the event, as experts, diplomats, and key figures from the technology sector gather in Delhi. The influx of such distinguished attendees not only attracts media attention but also accentuates the capital's hospitality sector and economic environment during this significant occasion.

Moreover, the overwhelming demand for hotel rooms during the AI Summit raises concerns about affordability for many potential visitors. As luxury hotels capitalize on the situation, it underscores market dynamics and the impact significant events can have on local economies. The price hike may deter some attendees; thus, the event organizers might need to consider strategies to ensure greater accessibility for guests. The AI Summit's influence on the hospitality market could have lasting implications for future events in Delhi, highlighting the necessity of balancing luxury with affordability.