September will see hotel tariffs revised upwards in Mumbai by almost 25 per
cent. Additionally, hotels also plan to adopt single-currency pricing as well
to profit from the strong rupee.
1 September, hotels will price tariffs in rupees, and will provide foreign guests
with the choice of settling their dues in an international currency of their choice.
Usually, the conversion rate applicable would be the day''s exchange rate, though
some hotels charge a premium on the daily exchange rate.
marks the commencement of the business season for the Indian hospitality industry.
With widespread room shortages, hotel companies stand poised to leverage the supply-demand