Falling rupee leads to 20% decline in overseas tours: ASSOCHAM
Updated: Jun 29, 2013 04:44:59pm
New Delhi, Jun 29 (KNN) Tourists outflow from the country has significantly fallen by 20 per cent owing to the falling value of rupee to a record low of 60.76 against the dollar, according to a survey conducted by ASSOCHAM.
“The falling rupee is definitely resulting in a slowdown in foreign trips by Indians, mainly the middle-class. The outbound tourist outflow registered a significant drop of 15-20 per cent due to weak rupee," the industry body said.
The report, "Weak Rupee Makes Foreign Trips Unaffordable for Indians", released by the Associated Chamber of Commerce and Industry of India (Assocham), said tourists are instead choosing domestic destinations for their vacation.
"A decline of 15 to 20 per cent has been witnessed in the last couple of months due to falling rupee. Indian tourists are not just restricting their vacation days, but are opting for holidays within the country rather than going abroad," secretary general of Assocham D S Rawat said.
Further, "Over the past three months, travel costs and accommodation have gone up by around 20 to 25 per cent," he added.
Meanwhile to make overseas trips more affordable, Indian travel companies are reducing the number of days from packages.
As per the report, domestic destinations like Kashmir, Ladakh, Goa, Himachal Pradesh etc are being preferred by travellers.
In 2012, around 15 million Indians travelled abroad, an increase of 10 per cent over 2011. (KNN)
“The falling rupee is definitely resulting in a slowdown in foreign trips by Indians, mainly the middle-class. The outbound tourist outflow registered a significant drop of 15-20 per cent due to weak rupee," the industry body said.
The report, "Weak Rupee Makes Foreign Trips Unaffordable for Indians", released by the Associated Chamber of Commerce and Industry of India (Assocham), said tourists are instead choosing domestic destinations for their vacation.
"A decline of 15 to 20 per cent has been witnessed in the last couple of months due to falling rupee. Indian tourists are not just restricting their vacation days, but are opting for holidays within the country rather than going abroad," secretary general of Assocham D S Rawat said.
Further, "Over the past three months, travel costs and accommodation have gone up by around 20 to 25 per cent," he added.
Meanwhile to make overseas trips more affordable, Indian travel companies are reducing the number of days from packages.
As per the report, domestic destinations like Kashmir, Ladakh, Goa, Himachal Pradesh etc are being preferred by travellers.
In 2012, around 15 million Indians travelled abroad, an increase of 10 per cent over 2011. (KNN)
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