SC Kamra, Advocate & Taxation Consultant, IATO questioned regularity with which govt. reduced turnover threshold from ₹500 cr to ₹10 cr. “Industry apprehends it to be ₹5 cr, taking tour operators’ compliance cost of e-invoicing,” he added.
Read More »India’s tourism sector to contribute ₹36.8 Trillion to GDP by 2033, employ over 58 mn people
According to the global tourism body, WTTC has forecasted that the sector will grow its GDP contribution to ₹ 36.8TN by 2033, approximately 7% of the Indian economy and will employ over 58.2 million people across the country, with one in 10 working in the sector.
Read More »Riaz Munshi: TCS policy contradicts ‘Ease of doing business’, & the situation is still problematic
Riaz Munshi, President, OTOAI believes that policy contradicts the government’s slogan of “ease of doing business” in India. “It is relief now, but situation is complicated. If such policies continue to emerge, it will be difficult to conduct business.
Read More »Even luxury car attracts only 1% TCS; why should travel be victimised: Prakash
Reacting to the recent TCS amendment, Ajay Prakash, President, TAFI, questioned, “If luxury car attracts only 1% TCS then why is travel fraternity victimized?” He added that the change will provide breather but won’t take away the fact that scheme was hastily implemented.
Read More »International capacity closing in on 60 million seats per week: CAPA
Global international scheduled seat capacity on offer for the week to 19-Jun-2023 reached 59.9 million seats. Capacity reached a new pandemic era high (97.6% of 2019 volumes).
Read More »India can move faster towards smart QR coded visas like Dubai, says Julia Simpson
Julia Simpson, President, World Travel and Tourism Council, emphasized on need of smart visas. “Paper visas is thing of past. India is moving quickly in the e-visas space but it can move faster towards smart QR coded visas like Dubai,” she said.
Read More »Goa Tourism Roadmap will be a tool to attain SDGs & promoting sustainable, inclusive travel
Zurab Pololikashvili, Secretary General, UNWTO said, “We must ensure recovery of tourism to be sustainable, inclusive and resilient. Goa Roadmap for Tourism to work as channel for achieving SDGs & offering G20 economies proposed plan leading towards better future.”
Read More »PATA India Chapter to organize webinar on AI & ChatGPT” on 4th August 2023 at 11:00 AM
PATA India chapter is organizing an exclusive webinar on Artificial Intelligence (AI) & ChatGPT on 4 August 2023 at 11:00 AM (IST). The speaker of the event will be Matt Gibson, CEO – UpThink, a digital agency specializing in content, SEO, influencer marketing, and AI integration for the travel industry.
Read More »39 million Indians to be employed in tourism sector by 2023: Julia Simpson, CEO, WTTC
Julia Simpson, President and CEO, WTTC, has said that in 2022, there were 37.2 million people employed in the travel and tourism sector in India. “By the end of this year, we expect 39 million people to be employed in this sector,” she added.
Read More »Int’l visitor spend to reach more than ₹ 2 trillion in India in 2023: WTTC research
WTTC’s Economic Impact Research 2023 reveals India’s travel & tourism sector is recovering & touching pre-pandemic levels. Int’l visitor spend in India will reach more than ₹2 trillion with domestic visitor spend forecasted to reach ₹ 12.6 trillion.
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