Travel industry hit as bookings dip, plans cancelled or deferred

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Travel industry hit as bookings dip, plans cancelled or deferred - Times of India insurance

HYDERABAD: People from the city are increasingly cancelling their travel plans or putting them off for later following the Centre’s demonetisation move.
Offices of travel and tour agents were empty on Thursday, with operators complaining that are reeling under huge losses.
Over the last one week, many operators reported negligible footfall and spent most of their time cancelling previous bookings. "There is a 70 per cent to 80 per cent drop in bookings. People are apprehensive that they will not be able to get change, that swipe machines may not work and are wondering if ATMs at places they travel to will have enough cash to dispense. These concerns have come to haunt the and this is likely to continue for another couple of months," said Sailaja, proprietor, Fast Line Tours and Travels based in Hi-Tec City.
"There has not been a single query related to travel packages that has come our way in the last one week. Not only domestic, even international travel has come to a complete standstill as people are unable to get sufficient foreign currency. We have seen a drop of 80 per cent in bookings," said Akram Bin Aslam, partner, Travel Universe.
With holiday plans shelved, travel agents are banking on business trips. "Only people who are travelling for business or other official purposes are booking flights. Tourism-related travel is zero," admitted Syed Nasir, manager of Holiday Dreamz Tours and Travels, in Jubilee Hills.
Tourists for their part have been facing myriad woes. "My aunt was travelling back from Chennai to Hyderabad the day after the announcement was made. She told us how she had to go without food and water and how their bus was at a toll plaza for hours. Hearing that I have postponed my plans for a road trip," said V Satish, a techie.