Outbound Travel

Travel firms pin hopes on Australia, NZ

A holiday abroad may burn a deeper hole in your pocket due to rupee depreciation, but you can still go on your dream vacation if you plan the destination properly. With the Australian and New Zealand dollar remaining flat against the Indian rupee, travel firms are cashing in on these destinations to boost outbound travel from India.

Spotting the growing potential of the destinations, UK-based travel firm Trafalgar will roll out its Australia and New Zealand tour itineraries from September this year for Indian travellers. Tour costs for these destinations have remained steady even as costs of European tour packages have gone up by 20 per cent.

The travel firm that entered the Indian market three years ago specialises in guided holidays to Europe and Britain. Last year, it entered into a partnership with Cox and Kings and Flight Shop, among others, to tap into the Indian market.

“The slowdown impact is being felt in the travel sector. Also, the rupee depreciation coupled with onset of off-season has led to a drop in demand,” said Nicholas Lim, President, Asia, Trafalgar.

Full report here Business Line


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