Drop in interest rates
November to February is always a strong season and as of now there has been no adverse impact on rooms business because bookings were done in advance, reveals Dolly Taldar, Resort Manager, Ramada Udaipur Resort and Spa. “We accept payments only by credit card or through banking channels. Only a few smaller payments are accepted in cash. The pickup for future bookings for rooms has slowed down a bit but we are sure that from December onward, people will start travelling in good numbers.” She expects demonetisation to be a game changer as people will now move towards digital payments. “Also, with banks being flooded with deposits we are expecting a drop in interest rates which will boost our profitability,” says Taldar.