'Withdrawal restrictions in Greece not for tourists'

Talking about if the Greek referendum result would impact their business to Europe, Anil Khandelwal, CFO Of Cox & Kings said in fact a weakening of euro would increase the number of Indian tourists travelling to Europe. With hotel prices in Greece becoming cheaper, airline prices becoming affordable, it becomes a cheaper destination to offer to customers, he added.He said the ATM withdrawal restrictions in Greece did not apply to tourists and visitors to the country with foreign accounts could withdraw any amount of cash. Everyone in Greece is subject to a 60 euro per day limit on ATM withdrawals.On the business outlook front he said so far the growth in Q1FY16 was much better compared to Q1FY15. According to him there would be a significant uptick for the Indian outbound business in the short-term.Giving some clarity on the company's foreign exchange earnings he said, around 27 percent of the company’s revenues comes from Indian leisure business, and 27 percent from international leisure and within that two-third comes from the great britain pound (GBP) denominated currencies, 10 percent from USD, 10 percent Australian operations and 10 percent from Middle East operations and balance from Japanese yen. He also stated that the education business is denominated in GBP and Australian dollar.Greece would in fact be a great destination for Indian tourists, said Khandelwal