TRENDS
Without India, tourism growth will be short-lived for any market: South African Tourism board
South African Tourism sees India becoming the sixth-biggest source market with footfalls rising to 70,000 in 2023-24. Indians are the second-largest group of tourists in Singapore and are set to become the second or third-largest in Australia by 2030.
TRENDS
Bengaluru hotels see full occupancy, room rates triple as Aero show, G20 drive up demand
Over 50,000 rooms have been booked in Bengaluru for the next two weeks. The most preferred choice of location for hotels is in north Bengaluru.
CRICKET
Women's Premier League sponsorship rights may turn out to be a money spinner for BCCI
FMCG brands, big companies, start-ups and digital platforms are seeing lining up for the new cricket franchise with bids estimated to be between Rs 50 lakh to Rs 3.5 crore per match.
TRENDS
IHG to double hotel portfolio in India as revenue returns to pre-Covid level
The hospitality company is betting big on the Indian market due to the fast recovery seen post-Covid in the country and because of the strong travel demand.
TRENDS
Budget 2023: Sports sector receives highest-ever allocation of Rs 3,397 crore
Sports budget has increased to Rs 3,397.32 crore from Rs 3,062 crore allocated in the 2022-23 Budget.
BUSINESS
Budget 2023 is for the aam aadmi but will it spur consumption?
Budget 2023-24: The tax exemptions is a positive development for the lower end of consumption as the lower and middle class will have more disposable income, analysts say
TRENDS
Union Budget 2023 increases tax collection at source for overseas tour packages
Union Budget 2023: This will hit the tour and travel industry especially since the industry has just started recovering after COVID-19, said an expert.
TRENDS
Has Pathaan actually collected over Rs 500 crore? Here's a breakup of its business
Moneycontrol breaks down the box office collections of Pathaan, the film that has become the biggest Bollywood success post pandemic.
TRENDS
Sports For All to sponsor Khelo India Youth Games, invests Rs 12.5 crore
Through its partnership with Khelo India Youth Games, Sports For All aims to expand the sports talent pool in India at the grassroot level.
TRENDS
SRK's Pathaan to revive business of single-screen theatres, say exhibitors
Pathaan has opened up the market for single screens again and that will benefit not just the movie’s business but also collections of forthcoming films.
BUSINESS
Budget 2023: Price hike biggest cause for concern for most people, job-loss comes next
A rise in the basic exemption limit in income tax from Rs 2.5 lakh is the most common expectation among consumers, especially the salaried class, followed by the increase in the threshold limit of highest tax slab rate of 30 percent
TRENDS
Women's IPL franchise auction: Haldiram’s, Adani, Kotak in race; bidding today
Over 15 entities including seven IPL franchisee owners are bidding for five Women's Indian Premier League franchisees; bids likely to touch Rs 1,000 crore.
BUSINESS
Is the movie business in the doldrums? What's behind films flopping?
Changing audience preferences, streaming alternatives, a poor connection with viewers, and high star salaries have all affected box-office collections.
BUSINESS
PVR says merger with INOX to complete in February, expects Hindi film business to recover in 2023
The merger received a nod from National Company Law Tribunal (NCLT ), Mumbai Bench through a verbal order on January 12.
TRENDS
PVR, INOX growth may be subdued in December quarter as Bollywood failed to enthuse movie fans
The cinema chains had bet big on Hindi films like Cirkus, directed by Rohit Shetty, that was made on a budget of Rs 150 crore and did a total business of around Rs 35 crore.
TRENDS
Women's IPL: A new playground for brands looking to ride on another cricket property
Brands are gaining one more playground looking to leverage a cricket property .
TRENDS
Budget 2023: Travel industry wants industry status, tax benefits for speedy recovery
Budget 2023: While the industry is recovering from the impact of the pandemic, it is concerned about the high GST rates on flights and hotels as well as the limited support from the government, said an analyst
TRENDS
Happy New Year for gyms as memberships bulk up in January
While a surge in enrolments is par for the course, the difference this time around is the increased health awareness in the wake of the pandemic that should contribute to stickiness.
TRENDS
Ganga Vilas cruise: How much do the tickets cost and where to book?
Ganga Vilas cruise, the world's largest of its kind, costs a bomb. Yet, tickets for the inaugural trip, have been sold out, per the company that operates the ship.
TRENDS
Relief for PVR, INOX as SC ruling clears ambiguity on F&B, a major revenue contributor
Multiplex chain PVR said that the Supreme Court ruling has established clarity, removes ambiguity around the issue and the judgement will ensure all businesses are treated fairly.
BUSINESS
Why IPO-bound Tata Play’s performance will be under pressure in FY23
Growth in the company’s average revenue per user and active subscriber base has slowed with more people cutting the cord and opting for streaming platforms for content. Competition from free-to-air satellite TV provider DD Free Dish isn’t helping.
BUSINESS
Budget 2023: Recovering from COVID impact, hospitality industry seeks reduced GST, tax holidays
Though the sector has recovered from the impact of COVID-19, the high goods and services tax (GST) rates on hotel rooms and limited support from the government in the last Budget are major concerns.
TRENDS
Boycott Pathaan chorus grows; other Bollywood films too bore the brunt of audience backlash
Like Pathaan, some other big Bollywood films, including Aamir Khan-starrer Laal Singh Chaddha (LSC), Akshay Kumar's Raksha Bandhan and Ranbir Kapoor's Brahmastra bore the brunt of the Boycott Bollywood trend. Other films that were boycotted were Vijay Deverakonda and Ananya Pandey's Liger and Ajay Devgn's Thank God.
BUSINESS
Work vacations see a dip in demand in 2022, but the trend is here to stay
Most travel and tourism sector insiders expect the trend to continue once the global economy recovers and travel gets back in vogue.
