Thursday, September 13, 2018

Rupee impact on travellers: You will have to pay 8-10% more

The sinking rupee is taking the wind out of the Indian traveller’s sails. With the local currency poised to hit the 73 per dollar mark, outbound tourists are set to see 8-10% increase in their travelling budget, according to experts.

The tourism industry is like “stock exchange” where reactions are “instant,” said Subhash Goyal, general secretary,  Federation of Association of Indian Tourism and Hospitality.

“Though the super-rich won’t be impacted, budget traveller and the middle-class Indian travellers will feel the heat of the falling rupee,” Goyal said, adding that outbound tourism will take a 5% hit in the long term.

Marzban Antia, vice-president of Travel Agents Association of India (TAAI), concurred.
13/09/18 Raveena Singh/ZeeBiz