Economic slowdow and CAA stir hit holiday plans - India Today
Economic slowdow and CAA stir hit holiday plans - India Today Economic slowdow and CAA stir hit holiday plans - India Today Posted: 26 Dec 2019 12:00 AM PST The economic slowdown and the countrywide protests against the Citizenship (Amendment) Act are taking a toll on the domestic travel and tourism sector in this high-octane Christmas-New Year period. Travel-related bookings have gone down between 5 and 40 per cent across the country with metros like Delhi and Bengaluru being affected the most, industry estimates show. There is a huge rise in cancellations for immediate travel. For instance, the current unrest in the North-East has led to 20-23 per cent drop in monthon-month bookings. Similarly, bookings in December for travel to Delhi have fallen by 38 per cent over the previous year, says travel aggregator Ixigo. The impact on demand has been felt in both business and leisure segments. While macroeconomic factors affect business desti...