26-April-2024
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Economy News
 
Year-end Travel Plans Go for a Toss
09-Dec-2016

Goa, Udaipur and Kerala, usually packed with tourists in the New Year, may wear a deserted look due to the withdrawal of old `500 and `1,000 notes.Short of cash, people are cancelling their year-end travel plans and leisure destinations are the worst-affected, say tour operators and hoteliers.“Year-end destinations are fairly narrow at this time of the year and the entire tourist belt of Goa, Kerala and Rajasthan has been hit. 25% of bookings have been cancelled and fresh bookings are below average. We are also getting cancellations for international destinations like Singapore, Bali and Thailand,“ said Rakshit Desai, managing director, FCM Travel Solutions.

News Source:- http://epaperbeta.timesofindia.com/Article.aspx?eid=31815&articlexml=Year-end-Travel-Plans-Go-for-a-Toss-09122016010029