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The Hindu
The Hindu
National
K.C. Deepika

Outbound travel gets more expensive as the rupee falls

For many, tourism is a luxury. But after two pandemic-and-lockdown-hit years, “revenge tourism” — as it has come to be known — has made its presence felt.

After international flights resumed earlier this year, outbound tourism looked set to take off from the two-year slumber. However, with the free fall of the rupee, travel has gotten more expensive and in some cases, pushed up demand for domestic travel.

Prahlad Krishnamurthy, CBO, Cleartrip, said while the rupee’s fall definitely has impacted outbound tourism to some extent in the short term, as holidaying outside India has become expensive, the pent-up demand owing to revenge travel and the easing of COVID-19 restrictions by countries are acting as a strong tailwind for outbound tourism.

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