India, Feb. 9 -- The arrival of 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 fetching as much as Rs.30 lakh per night.

According to a report by Moneycontrol, the capital's top-tier hotels are virtually sold out as billionaires, venture capitalists, and policy makers descend on the city to discuss the future of Generative AI in one of the world's fastest-growing digital economies. The guests include Alphabet Inc. CEO Sundar Pichai as well as OpenAI's Sam Altman.

Beyond the room rates, the ripple effect has extended to private jet charters and luxury chauffeur services, which are seeing a similar squeeze.

The pricing reflects a br...