!ncredible India... Indeed
The Indian tour and travel industry is by and large unaffected by the global economic downturn _________________________________ MoneyLIFE Bureau & Surajit Dasgupta _________________________________ H as the economic slowdown decided to leave the tourism industry alone? Or are things looking good because, as the song says, everybody wants a summer holiday? It is a bit of both. Outbound tourism is booming. The worldwide economic slowdown has seen many countries offering never-before discounts and incentives to attract international tourists; this has meant a big increase in foreign travel. Ashwini Kakkar, executive vice chairman of Mercury Travels says, “Actually, outbound travel is doing even better than last year. Because of the fall in prices internationally, a holiday in Bangkok is cheaper than a holiday in Kulu. So where would you go? You can get a great five-star property at Bangkok for $40 a night, while in Kulu, you can’t get it even at $200 a night because of limited avail