Weddings have been less lavish this year — a trend that can be linked to demonetisation. Leading hotel brands have seen a dip in business from weddings in the first half of 2017 as families turned cautious about spends after the government withdrew old Rs 500 and Rs 1,000 notes from circulation on November 8, 2016.
“We have seen our business from weddings soften during the first six months of 2017, compared to last year. I am not sure if this is an outcome of demonetisation, but we have seen more and more weddings being organised at a smaller scale.