Indian outbound travellers paid less for room nights in 2017 than other markets: Hotels.com
After three years of flat prices, travellers’ payments for overnight accommodation rose 2% globally in 2017, according to the latest Hotel Price Index from booking website Hotels.com, but Indian travellers paid less for room nights in six of the top 10 outbound destinations like the US, UK, Malaysia, Germany, Indonesia and Italy.
Hotels.com said this could have been caused by the strong performance of the rupee in 2017, which rose 5.5% against the US dollar in 2017.
Hotels.com said in a year where cryptocurrencies flooded the market, the needle also moved for travellers, with a two-point rise in the global Index to 116, the closest it has been to the 2007 peak of 118. Every regional Index, except for North America, grew in 2017, signalling growth in the travel industry.
Read More: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/indian-outbound-travellers-paid-less-for-room-nights-in-2017-than-other-markets-hotels-com/articleshow/63715623.cms