Business Standard

Not so lavish: Hotels are seeing a dip in wedding business after note ban

Not sure of demonetisation but more weddings organised at smaller scale: Chief executive officer

Hotels see dip in wedding biz after note ban
Premium

Ajay Modi New Delhi
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.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in