Dip in dollar makes overseas travel cheaper this summer
Yogesh Kabirdoss & V Ayyappan TNN
Chennai:21.03.2019
Travellers who are yet to plan their international holiday for summer has hit a bonanza — strengthening of rupee against dollar and euro has made packages cheaper.
In the last six months, rupee has strengthened against all major currencies. For instance, the rupee has appreciated against USD by 7.5%, the UK pound by 7.8%, the Euro by 10% and the Swiss Franc by 9.4%, making it an attractive period to book before prices surge close to April and May.
This means travellers will be able to spend more money while visiting abroad especially in Britain, Europe and the US while they may not have to spend less to book hotel rooms and tours in other countries.
The favourable change in forex rate has come at a time when bookings are usually expensive for one to two month’s advance booking.
Chennai-based outbound tour operator Sriharan Balan said, a 10-day US trip from the city would be cheaper by ₹30,000 and a four to five night Thailand tour package has become cheaper by ₹3,000 per head for summer.
Cox & Kings Ltd said the rupee’s gaining streak has a lot of opportunities for Indian travellers looking to book travel to long-haul destinations like the UK, Europe and the US. Karan Anand, head—relationships, Cox & Kings Ltd said, “For those who have already booked will have additional funds with them when on tour. A 4% to 5% change in rupee would easily save around ₹8000 –₹10,000 per person depending on the destination.”
Rajeev Kale, president & country head, leisure travel, MICE & Visas at Thomas Cook (India) Limited said that travellers would be able to spend on additional sightseeing tours, experiences, attractions, dining, etc. "Our forward bookings are on a healthy trajectory with an increase of about 22% for the summer vacation season," he added.
The scene was bleak last year. Sriharan Balan said, “Last October, the US dollar rates appreciated up to ₹74 making foreign travel dearer. But, the rupee has strengthened in the last couple of weeks paving the way for reducing price for tour packages for last minute bookings,” he said. About 1000 corporate customers cancelled their plans because strengthening of US dollar that made international travel expensive last year, he added.
Yogesh Kabirdoss & V Ayyappan TNN
Chennai:21.03.2019
Travellers who are yet to plan their international holiday for summer has hit a bonanza — strengthening of rupee against dollar and euro has made packages cheaper.
In the last six months, rupee has strengthened against all major currencies. For instance, the rupee has appreciated against USD by 7.5%, the UK pound by 7.8%, the Euro by 10% and the Swiss Franc by 9.4%, making it an attractive period to book before prices surge close to April and May.
This means travellers will be able to spend more money while visiting abroad especially in Britain, Europe and the US while they may not have to spend less to book hotel rooms and tours in other countries.
The favourable change in forex rate has come at a time when bookings are usually expensive for one to two month’s advance booking.
Chennai-based outbound tour operator Sriharan Balan said, a 10-day US trip from the city would be cheaper by ₹30,000 and a four to five night Thailand tour package has become cheaper by ₹3,000 per head for summer.
Cox & Kings Ltd said the rupee’s gaining streak has a lot of opportunities for Indian travellers looking to book travel to long-haul destinations like the UK, Europe and the US. Karan Anand, head—relationships, Cox & Kings Ltd said, “For those who have already booked will have additional funds with them when on tour. A 4% to 5% change in rupee would easily save around ₹8000 –₹10,000 per person depending on the destination.”
Rajeev Kale, president & country head, leisure travel, MICE & Visas at Thomas Cook (India) Limited said that travellers would be able to spend on additional sightseeing tours, experiences, attractions, dining, etc. "Our forward bookings are on a healthy trajectory with an increase of about 22% for the summer vacation season," he added.
The scene was bleak last year. Sriharan Balan said, “Last October, the US dollar rates appreciated up to ₹74 making foreign travel dearer. But, the rupee has strengthened in the last couple of weeks paving the way for reducing price for tour packages for last minute bookings,” he said. About 1000 corporate customers cancelled their plans because strengthening of US dollar that made international travel expensive last year, he added.
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