War, weak rupee push Indian outbound fares up 30-35%; MakeMyTrip bookings dip, APAC gains
West Asia conflict, an 11% YoY rupee slide to 96.96/USD and elevated ATF costs have lifted Europe airfares from Rs 60-70k to ~Rs 1 lakh and package prices 30-35%. MakeMyTrip air ticketing fell 2% QoQ to $58.73M with gross bookings off 6.2%. Travel remittances slid to $1.09B in March from $1.65B in January as travellers pivot to Japan, Vietnam and South Korea.
West Asia conflict, weak rupee and high ATF costs have pushed Indian outbound travel fares up 30-35%, hitting MakeMyTrip bookings and prompting travellers to pivot to Asia-Pacific destinations like Japan, Vietnam and South Korea.