Holidaying abroad or dining out? Expect to shell out more this summer

A steep rise in the cost of services and consumables is prompting those in the restaurant, travel, and hotel business to revise their rate cards by 10-20% in the coming weeks

Dining out, staying in a hotel and holidaying — both in the country and abroad — are set to pinch Indians more this summer. A steep rise in the cost of services and consumables — ranging from transportation, cooking oil and gas to milk and poultry products, is prompting those in the restaurant, travel, and hotel business to revise their rate cards by 10-20 per cent in the coming weeks. Foreign travel costs have already risen 20-30 per cent over 2019.

A nascent recovery, fragile demand and the lurking fear of the pandemic had prevented them hiking prices all this