Tag Archives: India

“India poised to rank third in global greenhouse gas emissions, country must focus on decarbonization”

Amitabh Kant, G20 Sherpa, India in his inaugural speech at FHRAI Summit in Delhi, said, “In due course, India will become the third country in the world to have the third-largest greenhouse gas emissions. Therefore, India must become the first country in the world to grow its GDP through decarbonization.”

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Inbound travel is still nowhere close to pre-Covid numbers, says Rajesh Magow, CEO, MakeMyTrip

Rajesh Magow, MMT, Chief Executive Officer said, “Inbound is the only significant laggard.” The main reason was that every big domestic market or region in India was doing well along with other issues like visa issuance, low supply of air seat inventory and high airfares, but it is also making its way slowly now, he added.

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Corporate travel in India will reach pre-pandemic spending levels by 2025: Catherine Logan, GBTA

Sharing her views on how business travel in India is slated for growth, Catherine Logan, Regional Vice President of EMEA & APAC, Global Business Travel Association (GBTA), said, “India will fully reach pre-2019 spending levels by 2025 and is likely to reach 120 per cent of its pre-COVID business travel spend by 2027.”

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India’s business travel industry predicted to grow and reach $38.2 billion in 2024: FCM Travel India

At the inaugural Corporate Travel Summit, FCM Travel India said the country’s business travel industry is likely to increase up to US$38.2 billion in 2024. The market saw a remarkable 24.7 per cent hike in 2023, and experts expect an additional 18.3 per cent increase in 2024, reaching the value of US$38.2 billion.

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MOT steps up efforts to promote M!CE in India, plans to launch major campaign: Rakesh Verma

Rakesh Verma, Additional Secretary, Ministry of Tourism, has said that MOT is stepping up efforts to promote India as a M!CE destination. “We are taking up all 55 destinations where G20 meetings are being held as places to be promoted. We will be launching a major M!CE campaign in digital marketing space so that people come to know about it,” he said. E

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States can aim for bigger share of ₹440 lakh cr tourism, travel, leisure and wellness industry: Kant

Amitabh Kant, G20 Sherpa, India, has said that Global M!CE business is worth ₹52 lakh crore today. “G20 events offer states an opportunity to showcase their capability to host such events. Similarly, through proactive measures, states can hope for a bigger share of the ₹440 lakh crore global tourism, travel, leisure and wellness industry.”

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