Rupee crash forces Indian holidaymakers to ditch Italy for Goa


MUMBAI
The rupee’s crash has swept away banker Nupur Sood’s dream of a holiday in Venice: instead the 35-year-old will settle for cold beers on the beaches of Goa on India’s west coast. 

“We are pampering ourselves with a leisurely holiday but it will be domestic. I guess it is the only way to compensate,” said Sood, who plans to stay next month at the plush Grand Hyatt hotel in Goa, managed by Hyatt Hotels Corp, as a consolation for missing her holiday of a lifetime in Italy. 

Sood is among India’s growing urban middle class, whose rising incomes over the past decade made holidays abroad affordable. However, the currency crisis in Asia’s third-largest economy is taking foreign travel beyond their reach and many are planning vacations in their home country. 

Full report here Economic Times 

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