LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

How Indian rupee fall has impacted travellers here

"Indian travellers will not cancel their vacation. They may trade down like reducing the duration of travel, stay in four-star accommodation and cut down on shopping to reduce expenses while on the trip," he added.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
How Indian rupee fall has impacted travellers here
Indian travellers are very calculative and factor in currency fluctuations and keep a significant buffer while budgeting their travel, Anand said, Image source: Reuters
Written By: PTI
Updated: Thu, Aug 16, 2018
06:52 pm
New Delhi, PTI
RELATED NEWS
In a first, online travel aggregators to be accreditated, classified by government In a first, online travel aggregators to be accreditated, classified by government
Get 40 pct discount on hotel bookings; all details here Get 40 pct discount on hotel bookings; all details here
Airfare cut: Get up to Rs 1200 discount on domestic flights; here is how  Airfare cut: Get up to Rs 1200 discount on domestic flights; here is how

The falling rupee has had no adverse impact on the outbound travel plans of Indians, Thomas Cook India and Cox & Kings today said.

However, travel firm Yatra.Com said it is likely to impact outbound tourism from India.

The rupee continued its slide and today slumped 43 paise against the dollar to trade at an all-time low of 70.32 on strong demand for the US currency.

"The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians," Cox & Kings Relationships Head Karan Anand said.

In the last eight months, the rupee has fallen over 8 per cent against the dollar. However, this has had little impact on people taking trips to dollar destinations, he added.

Indian travellers are very calculative and factor in currency fluctuations and keep a significant buffer while budgeting their travel, Anand said.

"Indian travellers will not cancel their vacation. They may trade down like reducing the duration of travel, stay in four-star accommodation and cut down on shopping to reduce expenses while on the trip," he added.

However, it is very rare that travellers cancel or reassess their choice of overseas destination that has been planned for months, Anand said.

In similar vein, Thomas Cook India President & Country Head - Holidays, MICE, Visa & Passport Services Rajeev Kale said the rupee depreciation has had no adverse impact on the company's outbound bookings.  

The forward bookings indicate that holiday-travel has now become non-negotiable, he added.

Watch Zee Business video here:

However Yatra.Com COO (B2C) Sharat Dhall said the falling rupee is likely to impact outbound tourism from India.

Travellers who will plan their business travel at a short notice are more likely to be affected by the depreciating rupee, otherwise, leisure travellers are expected to postpone their plans until rupee steadies, he added.

"Keeping their travel cost effective, travellers would like to visit destinations such as Turkey, Indonesia and Russia where the rupee has been stable," Dhall said.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Yatra.comIndian Rupee
RELATED NEWS
In a first, online travel aggregators to be accreditated, classified by government In a first, online travel aggregators to be accreditated, classified by government
Get 40 pct discount on hotel bookings; all details here Get 40 pct discount on hotel bookings; all details here
Airfare cut: Get up to Rs 1200 discount on domestic flights; here is how  Airfare cut: Get up to Rs 1200 discount on domestic flights; here is how

LATEST NEWS

NEET 2021 exam: Students don't miss to check the latest update on exam dates, eligibility criteria, registration process and all you need to know before appearing in the exam!

Happy International Women's Day: Check best WhatsApp wishes, quotes, messages fo your loved ones

In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains

Saina Nehwal Biopic Movie Trailer: Super powerful! You will get goosebumps! WATCH - Parineeti Chopra impresses massively

Gold price today recovers from nine-month low on U.S. stimulus cheer

Urvashi Rautela: We need representation that reflects all women and girls

Meghan on racism: British royals worried about skin of Harry and her son

Nawazuddin Siddiqui to star in B. Praak's new music video

On Women's Day, don't fall for this WhatsApp scam | Check NOW

CBSE Board Exam 2021 date sheet revised for class 10 class 12 board exams: Class 12 Physics exam postponed, check here syllabus

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved