Iran Hotels and Touroperators pricing contest
Iranian Hoteliers, Tour Operators Contest Pricing System
As Iran’s national currency has lost considerable value in recent months, local hotel operators are now calling for a wotier pricing system. The proposal is fiercely opposed by tour operators who say it will hit the country’s growing inbound tourism sector hard. In May, US President Donald Trump announced Washington’s unilateral withdrawal from Iran’s nuclear deal with world powers and reinstated sanctions against the Islamic Republic in August, with the second tranche taking effect on Monday. This has led to Iran’s rial losing more than 70% of its value since the beginning of 2018.