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Indians give foreign trips a break as rupee plunges to new lows NEW DELHI: Foreign travel bookings out of India for this winter have gone down considerably, with international holidays becoming expensive - thanks to the rupee plunging to new lows. Delhi-based D.Pauls, which was clocking a growth of 70-80% growth year-onyear till October, said the business slowed down 20%. Winter packages are nearly 17-18% more expensive compared to summer season, R Singh, director of D.Pauls said. Add to that rupee devaluation and other factors, like airport development fee, the total travel package cost increased 30-35%. He said that even if a consumer has booked his holiday package in advance, he needs to pay the differential amount, based on the rupee-dollar exchange rate. A travel company usually puts such conditions in their agreements with outbound tourists. Back |
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