The depreciating rupee may have hurt the sentiments of the market overall, however it has not dampened the spirits of the Indian traveller.
According to a survey conducted by Yatra.com, Indians are still eager to travel, with about 63% of respondents positive towards pursuing their holiday plans. While 86% of the respondents confirmed that the depreciating rupee will impact the average Indian’s lifestyle, about 62% respondents are optimistic that the entry of international flight operators into the country will result in international and domestic travel becoming cheaper.
Close to 43% said they would wait for the rupee to rise and then take a holiday, while 38% said they would wait till the rupee stabilises and the balance 19% said that it doesn’t matter and would still go on a holiday.
The survey also revealed that, South East Asian countries are the destination of choice, followed by Europe, the United States and then the United Kingdom.
Sharat Dhall, President of Yatra.com said “We have been periodically mapping travel trends amongst our base of travellers to get a sense of their mood, and this latest survey seems to suggest that the market is still upbeat on holiday travel despite the depreciation in the rupee. Travellers are very confident that the currency depreciation will be offset by attractive discounts offered by hotels and flight operators, thus allowing them to travel without incurring a big increase in spends.”
The survey was conducted among 6,000 individuals out of which 84% were either professionals or self-employed.
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