In a rapidly developing trend, the highly anticipated India-Pakistan match set to take place in the ICC Cricket World Cup is proving to be a lucrative opportunity for various businesses.
The upcoming clash between the arch-rivals has significantly impacted the hospitality and travel industries, leading to a surge in prices for hotels and air tickets.
Reports indicate that hotel room rates have skyrocketed, with some establishments demanding up to 80,000 rupees per night, as cricket enthusiasts flock to secure accommodations. Meanwhile, travel operators have sought to capitalize on the heightened demand by pressing airlines for additional flights.
Between October 13 and 16, there has been a notable surge in bookings for both hotel rooms and air travel. Indian media has even reported that finding available hotel rooms has become an arduous task, and airfare prices have surged by a staggering 415%.
Specifically, airfares to Ahmedabad from various parts of India have witnessed a sharp rise. Previously affordable tickets, priced between 5,000 to 12,000 rupees, have experienced an astounding price hike of 104% to 415%, all attributed to the excitement surrounding the India-Pakistan encounter.
With the match scheduled for October 14 in Ahmedabad, there are still three weeks to go, and experts anticipate further price increases as the date draws nearer. Cricket fans and businesses alike are gearing up for a memorable showdown that promises both thrilling action on the field and remarkable profits off it.