Travel cos hawk stable currency nations

With the recent plunge in the rupee against the dollar risking demand for outbound travel, tour companies are offering attractive packages to destinations with more stable currencies. As a result, tour companies are cashing in the summers of Australia and South Africa like never before, slashing package prices to entice customers.

“We have used the fall in rupee to leverage demand to destinations such as Australia and South Africa,” says Madhavan Menon, managing director of travel company Thomas Cook. “Travellers are opting for breaks where price is controllable,” says Vishal Suri, CEO, tour operating at Kuoni India.

“There has been considerable demand for travel to destinations like Australia and South Africa as travellers are planning for short vacations to destinations at more affordable packages in long haul,” he said. Makemytrip, for instance, on Tuesday advertised a week-long package to Australia that, including airfares, would cost a little more than Rs 1 lakh.

Full report here Economic TimesĀ 


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