Category Archives: Associations

Asia Pacific to reach an IVA count in 2024 of 510-832 million: PATA

PATA, as part of its latest quarterly updated international visitor arrivals (IVAs) forecast has projected that Asia Pacific will reach an IVA count in 2024 of 510-832 million. Liz Ortiguera, CEO, PATA, said, “While a positive turning point is predicted to occur in 2022 for all the 39 Asia Pacific destinations covered in these updated forecasts, many market variables are currently influencing travel and significant challenges still lay ahead.”

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IATO seeks 5-10% of duty drawback for tour operators on forex earnings

Rajiv Mehra, President, IATO, has shared that they know that SEIS will not be given by the government. Hence, they have requested the Ministry of Finance and Ministry of Commerce that at least for tour operators and travel agents, whatever they earn in foreign exchange, a 5-10% duty drawback should be given to them. “But nothing has happened. We have had no response or no further meetings on this with them. There has been no headway. So, it looks like the government doesn’t want to do that. We have told them that to support the industry, this is the minimum they can do.”

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India’s domestic air traffic may reach 130-140 million in FY2023: CAPA

The CAPA webinar forecast revealed that India’s domestic air traffic is expected to remain in the range of 130-140 million with 60-65 million in the first half and 60-65 million in the second half of FY2023. The international air traffic is expected to reach 55-60 million with approximately 25 million in the first half and 30-35 million in the second half of FY2023. 

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Remove cascading effect of GST on tour operators to revive inbound: IATO

IATO urges the government to remove cascading effect of GST on tour operators and GST on tour operators to be charged on deemed value as in the case of Air Travel Agents, where a deemed value of 10% of gross billing of the tour operator may be considered as the taxable value on deemed basis where as it is being charged on gross value for tour operators. 

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Domestic traffic to reach FY19-20 levels this year, international by FY23-24: CAPA

At the CAPA India webinar, India’s financial outlook FY22-23 revealed that domestic traffic may reach FY19-20 levels this year, but international will take until FY23-24. There is a visible softening of demand due to fuel prices and economic conditions. 2022 is predicted to be another loss-making year, losses will be trimmed, but will remain substantial.

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IATO thanks Finance Minister & GST Council for accepting suggestions

IATO has thanked Finance Minister, GST Council and the Chairman CBIC for favourably considering  two of its recommendations- removal of, GST on services provided outside India to foreign tourists if they take combined package of India and neighbouring countries and  secondly GST for the ferry service hired for transport of passengers including tourists used as public transport from point to point transport in Andaman & aNicobar Islands,  in the GST Council meeting held in Chandigarh.

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FHRAI urges Scindia to remove online Air Suvidha form mandate

FHRAI has submitted a representation to Jyotiraditya Scindia, Union Minister of Civil Aviation, highlighting problems faced by inbound tourists with filling the online Air Suvidha form and has requested for its immediate withdrawal. With several passengers having missed their flights to India, the Association has appealed for the Ministry to at least provision physical forms as an alternate to the online forms.

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