Travel And Tourism

"Capturing the buoyancy in the travel and tourism sector, IHCL has demonstrated accelerated growth with a record 35 new signings in the first half of this fiscal year," IHCL Executive Vice President - Real Estate & Development Suma Venkatesh said.

Travel stocks rise as FM announces measures to boost domestic tourism in Budget 2024

Stocks such as Yatra Online, Easy Trip Planners (Ease My Trip), EIH, Thomas Cook, Praveg gained up to 4 percent after Budget 2024 announcements.

Why growth in travel and tourism doesn't make India’s luggage industry an automatic winner

The unorganised market still has a big share in the domestic market and India’s luggage makers have not made a dent in the global market yet

EaseMyTrip eyes promising quarter with up to 30% YoY surge in bookings during festive season

EaseMyTrip, operated by Easy Trip Planners, wants to focus on enhancing profitability in the current fiscal year. The travel-tech platform is targeting a compound annual growth rate (CAGR) that is double the market's expected 10-15%.

World Tourism Day: Hiring in Indian travel and tourism industry up 44% YoY in August

Tier II cities led online hiring demand in the travel and tourism sector in August 2023. Cities like Jaipur, Ahmedabad and Chandigarh reported a maximum increase in job postings followed by Baroda and Coimbatore

Cricket World Cup 2023 boosts hotel demand in Ahmedabad by 1,702%

The most anticipated game between India and Pakistan at the ICC Men's Cricket World Cup 2023 has been confirmed for October 15 at Ahmedabad, the site of the tournament's opening and final games.

India is an exciting new market; population, smartphone penetration, GDP growth important to our business: Airbnb CEO and cofounder

Pointing out the advantage of being the most populous country in the world, Chesky said that India will soon have one of the biggest middle classes in the world, hence, he believes it will be one of the biggest growth markets, if not the biggest, in this decade.

Paris is world's 'most powerful tourism city' in 2022; Check out the cities in top-10 list

Recent research from the World Travel and Tourism Council (WTTC) listed the most powerful tourism spots across the world. As per the research, Paris is the world's most powerful city destination. The WTTC report, sponsored by Visa and researched in partnership with Oxford Economics, analyzed key indicators such as travel and tourism’s contribution to GDP, employment, and traveler spending. The COVID-19 pandemic had a devastating impact on travel and tourism industries as many countries closed their borders amid the pandemic. Let's take a look at the world’s ten most powerful cities for tourism in 2022 in terms of direct GDP contributions by their Travel and Tourism sector.

India most favoured destination globally for investments: Vice President Dhankhar

Recently, India has surpassed its colonial masters and has become the fifth-largest economy in the world, he said.

EaseMyTrip clocks record sales as pent-up demand boosts travel agency

Nishant Pitti, chief executive and co-founder of EaseMyTrip, said, "The festive season in India is regarded as one of the busiest travel periods in the world, and we are overwhelmed by the response to the sales."

Tourism on a swing: Flight hunt spikes 124%, airfare surges 40% ahead of Diwali

Airfare has risen nearly 40 percent as searches for domestic air travel tickets increased by 124 percent and 133 percent for international air travel from pre-pandemic levels, in India during the Diwali season.

VIP Industries Q2 PAT seen up 173.5% YoY to Rs. 50.7 cr: Prabhudas Lilladher

Net Sales are expected to increase by 50 percent Y-o-Y (down 16.2 percent Q-o-Q) to Rs. 495.1 crore, according to Prabhudas Lilladher.

Safari Industries Q2 PAT seen up 70.8% YoY to Rs. 18.1 cr: Prabhudas Lilladher

Net Sales are expected to increase by 35 percent Y-o-Y (down 13.2 percent Q-o-Q) to Rs. 254.6 crore, according to Prabhudas Lilladher.

IRCTC Q2 PAT seen up 55.9% YoY to Rs. 247.2 cr: Prabhudas Lilladher

Net Sales are expected to increase by 111.6 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 856.9 crore, according to Prabhudas Lilladher.

Upscale hotels primed for growth with caution

A pick-up in business and leisure travels augurs well for hoteliers but they need to be watchful about a glut in room supply

India's travel and tourism to post annual growth rate of over 10 percent in 2019-28, says IBEF report

The pandemic dented travel and tourism globally, causing the industry a loss of almost $4.5 trillion. Domestic visitor spending decreased by 45 percent, while international visitor spending declined by 69.4 percent compared to 2019,  according to an estimate by the World Travel & Tourism Council.

Travel and tourism companies remain optimistic as bookings recover to near pre-pandemic level

Travellers are ready to pack their suitcases and get on aeroplanes in the coming months even with disruptions due to labour shortages and higher inflation, Expedia Group Inc Chief Executive Officer Peter Kern said.

Job postings in Travel & Tourism sector sees 4% rise in December: Report

According to a report by Monster Employment Index, the travel and tourism industry saw a steady increase in job postings post the second wave and reached an absolute high in July (with 16 per cent growth) and showed a steady state of revival until November 2021.

Travel: This summer, head to secluded beaches

Here’s a look at a few secluded beaches in India where the water is turquoise, the sand silken and the people few.

Escaping coronavirus lockdowns, tourists flock to Dubai

While mask-wearing and social distancing are strictly enforced, life in the tourism-reliant emirate looks much like normal, with its restaurants, hotels and mega-malls open for business.

India emerges at the top with most bookings as consumer travel confidence bounces back: OYO

With the unlocking of cities, December has emerged as the month which is witnessing the most demand around the holiday season.

Things to do in Maldives, where the world seems headed this year-end

The highest point in the Maldives is less than 1.5 metres above sea level and in the past 15 years the temperature and water levels have been rising menacingly and the nation is sinking helplessly. Naysayers predict that by the turn of the century, the Maldives would vanish off the map – it would be buried in the turquoise waters.

71% millennials ready to travel within India in next 6 months: Survey

The survey revealed that contrary to perception, millennials are very much interested in exploring 'Incredible India' more than ever, provided they are given hassle-free seamless travel experiences.

The hills are calling again: Darjeeling, Kalimpong reopen for tourists after COVID hiatus

The Sikkim tourism department will also allow domestic tourists with pre-booked or package tours to enter the state from October 2020, if they can produce a COVID-19 negative certificate at the border check post.