Falling rupee makes Indian Hotels think of switch back to dollar rates for foreigners

Leela had already gone in for a dollar tariff for charter operations at its leisure properties

Travel News
Travel News

Due to the sliding rupee, many chains are planning to switch to charging their customers in dollars. The rupee has fallen around 13 per cent against the dollar since May, the worst such slide in Asia.

“We are not following a dollar tariff, so there is no windfall gain with the rupee depreciating. Given that concerns about the rupee remain, hotel chains are considering switching back to dollar tariff,” said a senior official from the Leela Kempinski hotels. Leela had already gone in for a dollar tariff for charter operations at its leisure properties.

In 2007, when the dollar was on a weak wicket, international as well as domestic hotel chains in India had decided to charge their domestic and international customers in rupees. That policy could now be changed,  with the rupee in reverse gear as per a report in Business Standard.

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