The impact of inflation cannot be seen on people in the country who love to travel. As compared to 2021, flight fares have gone up by 30-40%, hotel fares by 20-30%, and including all other expenses, travel prices have hiked by 50%. Despite this trend, the bookings for popular tourist destinations like Goa, Manali, Ladakh, Maldives, and Mauritius for Christmas and New Year have gone up by 45-55%. Shripad Vaidya, Co-founder and CEO, Confirm Ticket, said that ticket bookings for Goa and Puducherry for the winter holidays has increased by 50%.
He added that for Mumbai, Kolkata, and Delhi, they have gone up by 15-20%. Train travel, on the other hand, is now 23% more expensive, and as compared to 2019, tour packages are 15-20% costlier, and nevertheless, domestic flights are 90-95% booked. For the last week of December to the first of January, budget hotel bookings have gone up by 44%.
As per MakeMyTrip CEO, Vipul Prakash, even after Christmas and New Year, reduction in bookings is not expected.
Nishant Pitti, CEO, EaseMyTrip, has said that by the end of this year, the tour and travel industry is expected to reach the 1.23 lakh crore mark, because the travel sentiment among people is the highest in recent times, in which, the share of packaged tours will be around 55, 000 crore rupees.
