Hotels count losses as business travellers drop by 40-50 per cent in past six months

In the run-up to the elections, India is a bagful of political and economic uncertainty just when the US and Europe are emerging from their funk. And that means fewer businessmen and executives are travelling to India, causing big concern for the country's hotels and tourism sectors. "Inbound business travel to India, especially for new business ventures, has dropped by 40-50% over the past six months due to the political uncertainty," says Sarabjit Singh, MD, Travelite (India), an in- .. Source :  http://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/hotels-count-losses-as-business-travellers-drop-by-40-50-per-cent-in-past-six-months/articleshow/31425932.cms