Balbir Mayal, vice-president, Travel Agents Association of India (TAAI) said business travel dipped by 30-40 per cent from August 1, 2003, when most West-bound airlines increased their fares by 30 per cent.
Now some airlines are in the process of introducing up to 50 per cent discounts to attract travellers, he said.
Subhash Goyal, chairman of Stic Travels, said the airlines had cashed in on the high season demand, and now some of them might introduce discounts between 5-15 per cent to fill their seats.
