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.”
Read More »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.
Read More »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.”
Read More »India’s hotels sector saw lower occupancy, inbound air traffic rose by 5 per cent in 2024: HVS Anarock
Giving an overview of India’s ‘Hotels & Hospitality’ sector, HVS Anarock revealed that India’s domestic air passenger traffic increased by nearly 5 per cent in January 2024 but the country’s hotel sector saw lower occupancy compared to pre-pandemic levels and continued growth in average rates.
Read More »India to become world’s 4th largest travel spender in 5-6 years, owing to growing middle class
Research on the Indian travel market and shopper behaviour by Swiss research agency m1nd- set revealed that in the next five to six years, the country will be the world’s fourth-largest travel spender. The middle class in India will account for about half of the population by 2030, it added.
Read More »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.
Read More »In Asia, India has highest hotel occupancy with Mumbai reaching 101%, New Delhi at 97%: FCM
According to FCM, Global hotel occupancy in the first quater was 63.3% which is 96% recovered to 2019. In Asia, India had the highest occupancy with Mumbai reaching 101%, New Delhi at 97%, followed by China with Shanghai at 95%, and Beijing at 93%.
Read More »India ranked most beautiful country in the world, reveals a new study by Titan Travel
India takes the top spot as the most beautiful travel destination, with more than 219 million posts dedicated to the country. The new study, conducted by travel experts at Titan Travel, has analyzed Instagram data to reveal the most beautiful countries in the world.
Read More »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
Read More »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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