Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

@article{188197,
        author = {Uma Barman},
        title = {Factors Influencing Room Pricing in India's 5-Star Hotels: Insights and Implications},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {7},
        pages = {1008-1010},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=188197},
        abstract = {This research paper examines the average room prices of 5-star hotels in India from 2010 to 2023, highlighting the trends of increase, decrease, and fluctuations in pricing over this period. By analyzing data collected from various sources, the study identifies the key determinants influencing room rates, including market demand, seasonality, location, hotel characteristics, and external economic factors. The findings reveal that while there has been a general upward trend in room prices, significant fluctuations can be attributed to changes in tourism patterns, global economic conditions, and competitive dynamics within the hospitality sector. Understanding these determinants is crucial for hotel operators to formulate effective pricing strategies and enhance profitability. This paper provides valuable insights into the complex landscape of hotel pricing, offering a comprehensive framework for future research and practical implications for hotel management in India.},
        keywords = {Attributes of Hotel Room Rates, 5-star hotel, Average pricing, Determinants of Hotel},
        month = {December},
        }