Mumbai: The grounding of Jet Airways has left the tourism industry a worried lot as it has led to an average 25% spike in airfares across the sectors leading to massive hotel cancellations, says industry experts.
Some key sectors like Mumbai-Hyderabad, Mumbai-Delhi and Delhi-Mumbai have seen the fares flying by 62%, 52% and 49%, while the Bengaluru-Delhi sector has had the lowest impact with a 10% surge shortly before and soon after the grounding of Jet, show Cleatrip.com data.
Financially struggling for months, Jet Airways decided to call it quits from Wednesday night, leaving 22,000 jobs at stake and inconveniencing lakhs of passengers both domestic as well as international as Jet was the single largest airline out of and into the country.
"The impact of grounding of Jet Airways is not only restricted to the airlines sector as tourism has taken a severe beating due to the massive surge in airfares during the peak demand season. The impact is unlikely to fade away anytime soon and may continue into the rest of the year," Travel Agents Association of India (Taai) president Sunil Kumar told PTI Friday.
He said, both the domestic, as well as international travel and related sectors, are affected as travellers are cancelling their hotel bookings as airfares have surged by over 25% on average.
Leading tour operator Cox & Kings' Karan Anand said the shuttering of Jet has upset the travel plans of many who have booked on Jet.
"This is the peak travel season and the airfares for the next 10-12 days are up by at least 25% as the capacity has fallen massively dissuading last-minute travellers," he added.
However, online travel aggregator Easemytrip.com co-founder Nishant Pitti tried to downplay the impact saying airfares normally fluctuate as the aviation industry is always unpredictable.
"It is true that passengers are in panic now but going forward there will not be much impact as other airlines like SpiceJet and Indigo are adding more planes into their fleet which will help balance demand-supply gap," he said.
Train booking and discovery platform Confirmtkt cofounder Sripad Vaidya said due to the flight charges going up, there is a huge surge in people opting for trains and buses.
This story has been published from a wire agency feed without modifications to the text.