Hospitality |
August 22, 2013#38280
Hotel biz rises as abroad trips get costly due to Re fall
ASAPP news bureau
The falling rupee has brought demand for Indian hotel and tourism industry. The falling rupee has made holidays abroad more expensive. Now Indian tourists are increasingly turning to domestic destinations and with the rupee continuing to depreciate this trend is expected to continue, say a news report by hotel consultancy HVS.
Manav Thadani, Chairman of HVS India that just as the economy hotels too have seen a down cycle and they will soon start seeing positive momentum in the next 12-18 months.
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