Tag Archives: FICCI

GITB 2017 opens with 275 foreign buyers and 288 exhibitors

The Great Indian Travel Bazaar opened with 275 foreign buyers and 288 exhibitors at The Lalit Jaipur on April 23. The inbound show committed to boost tourism in India and in Rajasthan was inaugurated by Suman Billa, Joint Secretary, Ministry of Tourism, Government of India, and Krishnendra Kaur, Tourism, Art and Culture Minister, Government of Rajasthan, Jyotsna Suri, Chairperson, Tourism Committee FICCI, Nihal Chand Goel, Additional Chief Secretary (Tourism, Art & Culture), Bhim Singh, President, Federation of Hospitality and Tourism of Rajasthan, and Rahul Chakravarty, Senior Director and Head-Tourism, FICCI. Addressing the show, Billa said, India is truly on a growth path. We have grown at a rapid pace of 11 per cent in 2016 and since January to date we have grown at a staggering rate of 16 per cent, there is nothing in the market to suggest that it will slow down. Domestic tourism forms a key part of Indian tourism. Last year we had 1.7 billion domestic travellers and we are growing at 8-9 per cent Y-o-Y. Admittedly we are growing on a narrow base but the potential of tourism in India is immense. All of you here are at the right place to lay the seeds for what will become a great engagement for a market that has huge potential. He also informed that accordingly to the World Economic Forum report, India improved its tourism competitiveness by 25 places over three years and tourism is the government’s main agenda.

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Over 125 delegates at FICCI Digital Summit

FICCI Digital Travel, Hospitality and Innovation Summit opened with over 125 delegates. The attendees from various verticals of the travel and hospitality industry like technology providers, travel management companies, hotels, airlines, online travel agencies, GDS, etc., attended the event. The FICCI-Avalon knowledge paper-Travel 2.0-The Next Generation of Travel, was released at the event which details suggestions on mapping the travel industry better and trends that can offer insight to grow the industry. Suman Billa, Joint Secretary, Ministry of Tourism, said, “Travellers are moving away from exploring routes to exploring experiences. Social media is a legitimate research source and reviews are becoming increasingly important. Bloggers as a marketing channel have become important as they turn around niche products and create interest groups. The digital space has opened avenues for not just big players but even the smaller players in the industry can position themselves through digital platforms. Going digital is imperative and we have to see how fast we can become digital and at the same time look into what different we can offer in order to stay relevant in the market. The brick and mortar agencies have to embrace the technology curve and take on the challenge.” Jyotsna Suri, Chairperson, FICCI Tourism Committee and Chairperson and MD, Lalit Suri Hospitality Group, said “Adapting and adopting technology is the need of the hour and at FICCI we are happy to take on this vertical and offer a platform for thoughtful discussions and deliberation on the future of travel.”

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FICCI-Avalon Knowledge Paper to focus on future of travel

FICCI and Avalon Global Research (AGR) joint publication of the knowledge paper ‘Travel 2.0 – The Next Generation of travel’ is slated to be unveiled at Digital Travel, Hospitality and Innovation Summit on March 22 -23, 2017, at  FICCI, Federation house, New Delhi. The proposed knowledge paper would focus on the evolution of travel, tourism and hospitality industry through digital adaption and the role of new technologies and automation in streamlining the business processes across value chain, highlighting the speed and convenience of the business in this industry from an end-user perspective. “We are in a digital era and travel and hospitality is not an exception. The rampant penetration of smartphone has transformed travel consumption pattern of the end user. The FICCI -Avalon Knowledge report will highlight all these with pointers to the future of travel in India,” informed Rahul Chakravarty, Director and Head–Tourism, FICCI. The report would also emphasize on adaption of big data analytics and the influence of social media on service providers and aggregators to address the challenges such as intensive competition and requirement of direct interaction with the end users. “Technology and  enhanced economic and aspirational activities have impacted how travel is perceived , reviewed , distributed and consumed .Therefore a mature research aspect allows the travel ecosystem to innovate to make itself future proof and ready for Travel 2.0. This report sets out in this direction,” added Ashish Kumar, Member, FICCI Travel Technology Committee.

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Demonetisation did not affect FTAs, FEE: MOT

The Ministry of Tourism, Government of India, observed that demonetisation did not have any impact on the Foreign Tourist Arrival and Foreign Exchange Earnings. In November, 2016, 8.91 lakh FTAs were recorded as compared to 8.16 lakh in November, 2015, registering a growth of 9.3 per cent. An official statement from MOT claimed, “after demonetisation, the Government has taken a number of steps to ensure that no hardship is faced by the tourists and the industry is not affected. Archaeological Survey of India (ASI) smoothly transitioned to cashless mode of payment by simplifying process of e-tickets. Government efforts have paid dividend as there has been a notable growth in the comparative figures of Foreign Tourists Arrival (FTA) Foreign Exchange Earnings (FEEs) and online sale of e-tickets after demonetisation.” It may also be noted that the number of e-tickets sold during November 09, 2016, to December 08, 2016, increase to 28,176 from 2807 during October 09, 2016, to November 08, 2016, with corresponding amount being Rs 181.49 lakh and Rs 3.10 lakh respectively. It can therefore be seen that sale of e–tickets and earnings from have increased significantly by 10 and 58 times respectively as people are buying tickets for ASI monuments online through cashless payments.

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FICCI summit to help travel start-ups

As part of its mandate to further enhance India’s digital drive in the travel and tourism industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) launches its maiden initiative aimed at travel start-ups. ‘Travel Tech Launchpad’ will be a platform that encourages innovation and growth of travel start-ups and will be set up during the second edition of FICCI’s event titled ‘Digital Travel, Hospitality and Innovation Summit’ to be held on March 22-23, 2017 in New Delhi. The summit content has been developed to enhance the potency of travel start-ups, digital tourism and IT-based infrastructure development for the travel and hospitality sector. ‘Travel Tech Launchpad 2017’ is being organised by FICCI in association with Agnitio Consulting LLP, Nucleus Partners, and Charson Advisory. The summit will offer an opportunity for travel startups to learn from experts in the field of travel, exhibit their business ideas, and display their products & services in addition to providing a unique opportunity to connect with right set of ecosystem partners. A number of travel start-ups, hospitality and technology companies from across India and abroad will gather during the summit in addition to the participation of leading investors such as Sequoia, Inventus Capital, Kae Capital and several angel / venture capital firms.

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Japan is 10th largest source market for India

Japan Tourism is expanding its presence in India with a new office in Delhi scheduled to commence operations by the end of the year. This was announced at the first ever India-Japan Tourism Meet organised by FICCI in New Delhi from Oct 24-25, 2016. Dr. Jyotsna Suri, Immediate Past President-FICCI, Chairperson -FICCI Tourism Committee said, “Japan is the 10th largest source market for India with around 2.07 lakh Japanese arrivals in 2015. India has a very high potential to be one of the favoured destinations amongst the Japanese tourists, given the large number of destinations important from Buddhist interest as well as the burgeoning number of business tourists coming to India.” Giving his opinion on the summit, H.E. Kenji Hiramatsu, Ambassador of Japan to India, said that with the framework of Indo-Japan Tourism Council and Indo-Japan Tourism Summit, the industry should pursue action-oriented outcomes to improve travel and tourism relationship between Japan and India in a visible way. “This is a great opportunity for both governments and tourism industry to get together under one roof and to discuss the expansion of bilateral travel and tourism relations. The new networks that will be built among the participants today will create new opportunities,” he added.

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Dhruv Shringi to head FICCI’s Online Travel and Technology Committee

Keeping pace with the rapid penetration of internet and mobile, FICCI has initiated the Online Travel and Technology Committee which will function under the aegis of the existing FICCI Tourism committee. The Committee will be led by Dhruv Shringi, Co-Founder & CEO, Yatra Online while the Committee will comprise of key stakeholders of online travel companies including MakeMyTrip, Cleartrip and various other key stakeholder and knowledge partners from the online travel sector.“The Committee has been formed for outlining the roadmap for a robust regulatory policy for the online travel industry and to encourage innovation in travel & tourism sector,” informed Dr. A. Didar Singh, Secretary General, FICCI.

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Tourism Investors Meet 2016 hosts 72 buyers

The second edition of the Tourism Investors Meet (TIM) organised by FICCI brings together 72 buyers and seven sellers, who are representatives from difference state governments, and aims to host more than 600 meetings over two days, informed Dr Jyotsna Suri, Chairperson, FICCI Tourism Committee and Chairperson & MD, Lalit Suri Hospitality Group, at the addressing the inauguration of the summit. The event commenced on July 28 in New Delhi after a speaker session which was graced by Vinod Zutshi, Secretary, Ministry of Tourism, Govt. of India, Suman Billa, Joint Secretary, Ministry of Tourism, Govt. of India, Ramesh Abhishek, Secretary, DIPP, Govt. of India, Nikhil Sahni, Senior President – Government Banking & Strategic Government Advisory, Yes Bank, Dr Didar Singh, Director General, FICCI. On the occasion, the dignitaries released the FICCI-YES Bank knowledge paper on ‘Investment in Tourism Infrastructure: Unleashing the Growth Potential’. Representatives from the tourism departments of Chhattisgarh, Rajasthan, Karnataka, Delhi, Punjab, Madhya Pradesh and Telengana were present to showcase projects in a bid to attract more private players. Through the private public partnership model, the summit aims to harness the enormous investment opportunities offered by the tourism sector.

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Economic growth will boost tourism

Commenting on the General Budget 2016-17, Jyotsna Suri, immediate past president of FICCI, said, “Nothing for tourism this year, is it something new? Overall the budget this year was on infrastructure, rural development and spending on buildings. That is what is the need of the hour. This is going to increase the economy and that will somehow affect tourism altogether. Though we didn’t have much for tourism this time like last year I think if economy grows tourism will grow.”

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