Category Archives: Associations

Maha requires at least double the capacity of rooms, offer subsidy, HRAWI tells MTDC

Lauding upcoming projects in Maharashtra, Chetan Mehta, VP, HRAWI, says, “It is crucial to enhance room capacity to meet rising demand. Maharashtra has around 3,40,000 rooms and with the number of projects in the pipeline, we will require at least double the capacity of hotel rooms. Subsidy for establishing hotels at specified tourist locations, along with incentives for eco-friendly hotels and electricity subsidies, will provide the necessary impetus for the growth of the sector.”  

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Domestic air traffic steady in April, up 17% in comparison to pre-Covid levels: ICRA

Commenting on the monthly domestic passenger traffic data for April 2023, ICRA states that numbers for April 2023 is estimated at 129 lakh, similar to that in March 2023, though 22% higher in comparison to 105 lakh in April 2022 and 17% higher than pre-Covid levels of 110 lakh in April 2019. It added that despite a healthy recovery in passenger traffic, the domestic aviation industry continues to face challenges on account of elevated ATF prices and depreciation of the INR vis-à-vis the US$ compared to the pre-Covid era, both of which have a major bearing on the airlines’ cost structure. While the ATF prices have witnessed a sequential decline over the past four months, they still remain at elevated levels as compared to the pre-Covid era. The airlines’ efforts to ensure fare hikes proportionate to their input cost increases will be key to expanding their profitability margins.

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Huge relief for tourist transporters in NCT as SC allows registration of tourist buses

After a prolonged gap of many years, tourist transporters have been permitted to register BS VI complaint diesel tourist vehicles with a capacity  of more than 7 +1, buses and coaches, following the order of the Hon. Supreme Court. The application was moved by Indian Tourist Transporters Association (ITTA). This is major relief to the tourist transporters, who have been unable to register such new vehicles for 8 years. This will help the industry successfully cater to G20 summit. Also barring of registration was putting financial burden on the transporters and was restricting their growth. Most importantly it will also create valuable tourism transport capacities to propel Indian tourism to cater to increased foreign tourists & domestic tourists over the medium to long run which will boost GDP and will also lead to enhanced employment, said Amrit Mann, Board of Director, FAITH – Federation of Associations in Indian Tourism & Hospitality

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India’s tourism industry on track to touch $1 trillion by 2047, reveals Visa-EY report

Visa EY tourism report titled “Charting the Course for India – Tourism Megatrends Unpacked” released by Alfred F. Kelly Jr., Executive Chairman, Visa, and Amitabh Kant, G20 Sherpa at ASSOCHAM’s India Tourism Conference 2023. (Left to right: Deepak Sood, Secretary General, ASSOCHAM; Alfred F. Kelly Jr., Executive Chairman, Visa; Amitabh Kant, G20 Sherpa; and, Ajay Singh, President, ASSOCHAM & CMD, SpiceJet).

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