Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Airfares quoting at up to 146% premium

Sep 26 2012, 11:51 IST
Comments 0
If you are planning to travel the coming weekend, better get ready to empty out your wallet. (Reuters) If you are planning to travel the coming weekend, better get ready to empty out your wallet. (Reuters)
SummaryIf you are planning to travel the coming weekend, better get ready to empty out your wallet.

If you are planning to travel the coming weekend, better get ready to empty out your wallet. Domestic airfares have shot up during the last weekend of September — a long weekend that extends till October 2, a national holiday — with fares up as high as 145 per cent in some of the domestic tourist sectors.

The average domestic fares during the long weekend are up by around 25 per cent across sectors.

Industry insiders say that the fares are high mainly on metro routes, and leisure destinations like Goa, Kerala, Jaipur, Jodhpur, Jammu, Srinagar and Port Blair. Metro routes have seen an increase as many travellers visit family and friends during such long weekends.

“Due to the long weekend, the average domestic fares are around 25 per cent higher. They are expected to rise further, as we approach the weekend,” said Keyur Joshi, co-founder and chief operating officer at Makemytrip.com, India’s largest online travel portal.

Joshi added that the hotel rates have also increased by around 15 per cent during the period. “There are various places like the hill stations in northern India and places like Matheran near Mumbai, where people reach by road but

book hotels for their stay,” he added.

Not only the fares but the demand for travel packages offered by the travel portals is also in huge demand. “Our travel packages to various leisure destinations in the country and short haul international routes are in huge demand,” said Shabina Chopra, co-founder and executive vice-president of operations at Yatra.com, an online portal.

She also said that among short-haul international destinations, demand for Thailand is the highest, followed by Dubai, and Sri Lanka due to the T20 cricket world cup.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...