Portals such as Confidential Couture and Darveys that sell discounted luxury products said sales have increased for certain categories and brands after the demonetisation of old Rs 500 and Rs 1,000 notes
Retailers are seeking rental concessions from malls but analysts suggest brands may be eyeing short-term advantage
Nikhil Ganju, Country Manager, TripAdvisor India said: “It’s always exciting to acknowledge the best properties worldwide that inspire travellers to create lifetime memories.
David Grossniklaus joins Belmond chain as senior director of development for India, Middle East and Africa
Grossniklaus joins Belmond from Starwood Hotels & Resorts, where he held the position of associate director acquisitions and development for Middle East, Africa.
The tariffs for OYO Townhouse will be upwards of Rs 3500. OYO plans to launch 250 Townhouse properties with over 10,000 rooms across 12 cities in India by the end of 2017.
The company's net sales during the period under review stood at Rs 361.51 crore compared to Rs 398.47 crore in the same period in 2015, a decline of 9%.
This increase according to the paper, will be greater than the increases in business travel growth in the next 3 largest countries.
UK is one of the top most outbound markets for Indian travelers and the sharp fall of the pound from around Rs 99.47 on June 23 to around Rs 83.
FAITH stated Indian tour operators who sell 'internationally based', accommodation and travel bookings and packages do not get any input tax credits for CENVAT from them.
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