An employee walks through a hotel in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Indian Hotel Industry Profiting From Weaker Rupee, Kamat Hotels Says

India’s leisure hotels are reaping gains from increasing domestic tourism as a rising U.S. dollar has made it more expensive for Indians to take vacations abroad, Vishal Kamat, director, Kamat Hotels India Ltd., told BloombergQuint.

The rupee has depreciated more than 7 percent in 2018 so far against the dollar, and is now trading at 68.21. This compares to an average of 65.11 per dollar seen in 2017.

Watch the full conversation here:

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