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Indian tourisms is at low due to economic slump

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In lieu of the financial crisis many associated business has gone down to many points down as compared to their previous earnings. One of those is the hospitality industry which has observed a deep low of around 14 to 22 percent during the current fiscal calculation. According to the sources of www.propertykhazna.com, the hospitality industry which has a better share from the overseas tourist has been at the bottom low as epicenter of the crisis falls to mainly United States and other European countries.
Source of www.propertykhazana.com reveals that, almost all the major brands of the hotel industry are facing the similar issue for their coming peak business season. “Undoubtedly the booking has gone down to 20 percent low and hopes are still on as these was the advance booking for the coming season” added the industry expert. The COO of Le Meridien has revealed that the occupancy of their rooms has gone down to 65 percent as compared to the last year record of 81 percent for the same period of October.
But director of Imperial Hotel – Rishi Kapoor says that “it is true that the industry is facing the financial break down impact and hence it is very difficult to wish for more rises in numbers of occupancy. Hence the company has gone up only a few points as compared to the record of last year”. According to the source accessible with www.propertykhazana.com, during last peak months India has a record of around 5 million tourists but this time it has gone to a deep low. Attacks on the tourists, increased fares and economical meltdown are hampering the Indian hospitality industry to a great extent.
Source: NBTVLIVE

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