Rising Rupee: Hospitality industry plans move to single tariff

capt_mahajan · Aug 23rd, 2007, 19:51

Economic Times, 23rd Aug 2007

Quote:

Looking to cash in on the rising rupee against the US dollar, the hospitality industry in India is mulling toward shifting to a single tariff system based on the domestic currency.

Taking the lead in the shift is the Taj Group of Hotels, which will be charging only on rupee terms across all its properties in India starting this September.

Full story here

Sadanand Kamath · Aug 23rd, 2007, 19:55

Better late than never!!

Sadanand

crvlvr · Aug 24th, 2007, 00:14

The Indian govt is trying hard to reduce the value of the report (Who thought this day would ever come?) They are now allowing Indians to convert upto $100,000 of rupees each year into other foreign hard currencies.

mridula · Sep 4th, 2007, 13:56

Saw this in Times of India-

Quote:

On Saturday, most hoteliers across the country will move to a single currency pricing policy. In other words, room rates will be quoted in Indian rupees. Historically, hoteliers have followed a dual tariff system that allowed them to quote room rates in both US dollars — the universally accepted currency — and Indian rupees.

Thought some of you might find it interesting.

Aug 23rd, 2007, 19:55	#2
Sadanand Kamath Maha Guru Member Join Date: Apr 2007 Location: Mumbai, India Posts: 825	Better late than never!! Sadanand __________________ Sirf ek kadam utha tha galat rahe shauk mein Manzil tamam umr hame dhunti rahi. [Just one wrong step on the way of the quest My destination looked for me all life long]

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crvlvr Guru Join Date: Sep 2004 Location: Hollywood Posts: 4,413	The Indian govt is trying hard to reduce the value of the report (Who thought this day would ever come?) They are now allowing Indians to convert upto $100,000 of rupees each year into other foreign hard currencies.

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