Services sector youth to pip all in party game

New Delhi, Dec 28 | Updated: Dec 29 2007, 04:21am hrs
Youngsters in the age group of 20-30 working in the services industry, such as BPOs, hospitality and aviation, are willing to shell out Rs 15,000- 20,000 for the year-end celebrations, industry body Assocham said on Friday.

Others in the 30-45 age bracket are likely to spend about Rs 10,000 for their new year celebrations in budgeted hotels and restaurants, the chamber said in a release.

Celebrating New Year is emerging as a new culture in the country, due to the high disposable incomes in the hands of youngsters. Such events are organised mainly by hoteliers, who make full use of this opportunity to fill their coffers, Assocham secretary general D S Rawat said. Youngsters and seniors in the services sector are willing to spend a good amount for the celebrations as a result of economic boom witnessed by the sector, Rawat added.

Delhi-based revellers are likely to fork out Rs 12,000 to Rs 15,000 per couple for a five-star hotel, while those partying at four and three star hotels may have to cough up Rs 6,000 to Rs 10,000 for a meal-cum-entertainment package offered by the hotels, it said.

The chamber said room occupancy in hotels in Mumbai, Bangalore and Delhi increases during the New Year, adding that this would lead to a 20-25% hike in rates for rooms and food and beverage packages. The increase in pricing vis-a-vis the previous year is between 25 and 30%. Every year, footfalls during New Year increases by 35-40%, Rawat said.