The arrival of the global tech elite in New Delhi for the India AI Impact Summit 2026 has sent the city’s luxury hospitality market into a frenzy, with premium hotel suites priced so high ₹30 lakh per night.
According to a Moneycontrol report, the capital’s top-tier hotels are almost sold out as billionaires, venture capitalists and policymakers flock to the city to discuss the future of generative AI in one of the world’s fastest-growing digital economies. Guests include Sundar Pichai, CEO of Alphabet Inc., as well as OpenAI’s Sam Altman.
Beyond room rates, the impact has also extended to private jet charters and luxury chauffeur services, which are also seeing similar declines.
The pricing reflects the broader trend of “event-driven inflation” hitting India’s metropolitan centres. Presidential suites at properties such as Taj Mansingh and Oberoi New Delhi, which typically cater to diplomatic delegations, have seen their rates rise to almost 10 times the standard seasonal prices.
Even standard rooms in five-star establishments are reportedly seeing turnover ₹₹80,000 to ₹150,000 per night, as lack of inventory forces late booking authorities to pay huge premiums.
The India AI Impact Summit is an important moment for a country that is positioning itself as the primary alternative to China for AI. The presence of Silicon Valley’s most influential figures shows that the “India AI Mission”, backed by billions of government subsidies, is gaining significant international traction.