Asia: Weak Rupee Hurts Malaysian MICE Sellers
Malaysia‘s traditional peak season for Indian inbound incentives – September to mid-December – is likely to be a washout, according to Malaysian MICE specialists who have blamed the weak performance largely on the depreciating Indian rupee.
Hidden Asia Travel & Tours Malaysia’s managing director, Nanda Kumar, told TTG Asia e-Daily: “All three incentive groups from India that were secured earlier and slated for travel to Malaysia this quarter have postponed their trips. Comparatively, in 4Q2012, we handled eight incentive groups with 80 to 300 delegates from that market.”
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