STOCK MARKET BSE NSE

Demonetisation hits tourism in Kochi

Currency crunch has tourists thinking twice before planning a visit to the country.

Published: 24th November 2016 05:47 AM  |   Last Updated: 08th November 2017 10:27 AM   |  A+A-

DemonetisationA

By Express News Service

KOCHI: With hotels witnessing a 60 per cent dip in bookings and rush at popular tourism spots decreasing, the Tourism sector in Kochi is likely to feel the heat of demonetisation this season. The tourist season extending from  October to March usually sees a rush of international and domestic visitors to Fort Kochi, one of the favourite tourism spots in the city. This year, the month of December will see a surge in demand for home stays in Fort Kochi area due to the upcoming mega art event Kochi-Muziris Biennale.

“But we expect business to dip this year. The economic slow down is likely to continue for a minimum of six months. So not only Fort Kochi but also the entire tourism sector in Kerala will be affected,” said Johny Abraham George, the managing director of The Intersight Tours and Travels. He is also the chairman and member of Kerala Government Tourism Advisory Committee.

He pointed out that if it was liqour policy which affected tourism industry last year, then this season demonetisation will deal a big blow. “Most of the international tourists have been advised by their administrators to not visit India in the wake of demonetisation. They are also apprehensive over the currency crunch. Most of the tourists prefer to use plastic money in their own countries. But when they visit countries like India, they carry out transactions in the local currency,” he added.

Citing Fort Kochi as an example, he said that a foreigner who comes here likes to have food from wayside eateries, buy curios from street vendors and travel in auto rickshaws. “Apart from large scale vendors, the card payment system is not viable at small or medium outlets,” he added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp