It is $5000 US dollars. Some hotels in Lahore are charging Indians $500 for each night.
$500 a night as hotels get ready to welcome
$500 a night as hotels get ready to welcome
By Waheed Khan
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Karachi: If you are an Indian planning to visit Karachi or Lahore for the one-day series between Pakistan and India, beware! Because the visit is likely to leave a big hole in your pocket.
Hotel operators in these cities have raised their prices to exploit the high profile event. The officer of a five star hotel in Karachi informed that they were now renting rooms at $500 a night. And according to him, people were willing to pay.
“It is a matter of supply and demand. We pay over seven different taxes to the government and this is our chance to make some profits. So why shouldn’t we?” the official questioned.
The regular rate for a single room in the hotel is $120. He insisted there would be no concessions.
The situation is no different in four and three star hotels which normally charge between $40 and $80. “No rooms available,” is the standard retort these days.
Unless a “special price” is paid — double the normal rate. But one tour operator had words of consolation: “Once the Indian team arrives and the first match is held, the situation will ease and rates will come down. The rates are high because of the hype.”
http://in.sports.yahoo.com/040310/149/2bx7o.html
Car rentals shoot up 50%, rates leap 30%
By Asif Khan
KARACHI: The car rental business is expected to rake in 50 percent more revenue as thousands of cricket lovers and media teams, not only from India but from different parts of the world, converge on the city to witness first one-day international between Pakistan and India.
“We have hired cars from other dealers also to meet the extra demand, as our cars have already been booked,” said Raza Khan, owner of rent-a-car at Avari Towers Hotel.
Big hotels across the city are hosting hundreds of cricket fans who are here to see Pak-India match, being played Saturday (today).
On Friday and Saturday each, car rental companies are doing 50 percent more business than an average day of trade.
Due to increased demand, rates of rented cars have risen up to Rs 3,500 per car for ten hours from about the usual rate of about Rs 2,700. Car dealers will charge Rs 150 per hour extra if customers want to keep cars for more than ten hours.
Car dealers are asking for higher rates for their cars due to heavy demand. On any normal day, a Toyota car is rented out for Rs 2,700 to Rs 3,000 per day but due to higher demand rates have also climbed up to Rs 3,500.
Dealers are not willing to rent out vehicles below Rs 3,500 for Saturday— the day when two traditional rivals will face each other at National Stadium Karachi.
It is estimated that some 2,000 people have reached Karachi to watch the match.
“A lot of high profile people and their local hosts have booked cars in large numbers,” said Fawad Khan, a sales executive at rent-a-car counter at Pearl Continental Hotel.
He said around 500 to 600 cars have been booked for movement of dignitaries. Car dealers said they expect that total turnover of rent-a-car business would cross 2.1 million on Friday and Saturday as most of the guests have arrived on Friday morning while others arrived on Friday night.
Most of the car dealers have introduced a package under which if a customer bears fuel charges than rates will come down to Rs 3,000 per car. They have also approached local hotels to rent out their vehicles.
“There are many car dealers who have offered us their cars for Saturday booking,” said Saeed Ahmed Khan, owner of rent-a-car business at Mehran Hotel.
He said heavy demand for rented cars is from corporate sector companies, who have invited their guests from Lahore, Islamabad and other parts of the city.
“The multinational companies, who have offices in India, have invited executives from India to observe the cricket match so there is demand for rented cars in Karachi,” said Aftab Ahmed, owner of Ashraf rent-a-car at Saddar.
He said massive demand for rented cars in the city is seen after a long time.