Outbound travel cracks: airfares up 30-50%, MakeMyTrip air ticketing slips as rupee, war, fuel bite
Iran-US conflict, $90+ crude and a rupee at 96.96/USD have pushed Europe roundtrips from Rs 60-70k to ~Rs 1 lakh and packages up 30-35%. MakeMyTrip air ticketing fell 2% QoQ to $58.73M; outward remittances dropped to $1.09bn in March from $1.65bn in January. Travellers defer or pivot to Japan, Vietnam, Korea; premium experiential demand holds.
Iran-US conflict, fuel spike and rupee weakness have hit Indian outbound travel: airfares up 30-50%, MakeMyTrip ticketing dipped, packages costlier. Travellers defer or pivot to Asia-Pac destinations like Japan, Vietnam, Korea; premium experiential travel holds up.
Also reported by
- Forbes India — 42h after first sighting