India, Feb. 6 -- Room rates at multiple five-star hotels in Delhi have climbed steeply for February as the city prepares to host the AI Impact Summit. The AI Impact Summit will take place at Bharat Mandapam in central Delhi from February 16 to 20. Preparations are in full swing for the event, which will see foreign delegates and speakers descend upon the national capital.

With a host of national and international guests set to travel to Delhi, the prices of hotels in central and south Delhi have spiked sharply.

Aloke Bajpai, CEO of travel portal Ixigo, noted that the cost of some 5-star hotels in Delhi has crossed Rs.1 lakh per night between February 16 to 20.

"The India AI Impact Summit has surely impacted hotel rates in Delhi NCR. Se...