Hotels look at dollar rates for foreigners

The depreciating rupee seems to have made the dollar more charming for hotel chains in India.

Many chains are planning to switch to charging their customers in dollars. The rupee has fallen around 13 per cent against the dollar since May, the worst such slide in Asia.

‘No windfall gain’
“We are not following a dollar tariff, so there is no windfall gain with the rupee depreciating. Given that concerns about the rupee remain, hotel chains are considering switching back to dollar tariff,” said a senior official from the Leela Kempinski hotels.

Leela had already gone in for a dollar tariff for charter operations at its leisure properties.

Full report here Business Standard 


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