Hyderabad, Aug 7 : Five star hotels and fine dining restaurants have registered a significant decline in footfalls to extent of 20 per cent in the last three months due to falling rupees, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) recent findings.
Releasing the ASSOCHAM paper on “Weak rupee dampens sprits of fine dining restaurants” D S Rawat, Secretary General ASSOCHAM said due to fall in rupee, the five star hotels and fine dining restaurants are revising their menu card rates as the weak rupee pushes up prices of imported food ingredients and spirits.Read More
