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Margins are under severe pressure, particularly for bookings secured earlier: Sunil Kumar

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Speaking about the geopolitical scenario that has once again placed the travel sector in a disproportionately disadvantageous position, Sunil Kumar, National President, TAAI, says, “More often than not, our industry finds itself on the receiving end of circumstances that are entirely beyond its control. Margins are under severe pressure, particularly in respect of bookings that were secured earlier, but travel is scheduled over the coming months. It is a well-established industry practice that agencies do not always proceed with immediate ticketing in order to retain flexibility for passengers, especially in an era increasingly dominated by non-refundable fares. Sometimes this delay in ticketing hits us badly, since fares appear different overnight, even on confirmed bookings, not yet ticketed.”

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