MUMBAI, India – Hotel chains in India are planning to switch to charging their foreign customers in dollars, on account of a depreciating rupee.
MUMBAI, India – Hotel chains in India are planning to switch to charging their foreign customers in dollars, on account of a depreciating rupee. The rupee has fallen around 13 percent against the US dollar since May, the worst such slide in Asia. Hotels, however, are not looking at revising room rates immediately.
“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, as per a report by Kalpana Pathak and Swaraj Baggonkar in Business Standard. Leela had already gone in for a dollar tariff for charter operations at its leisure properties.