Tourism Breaking News
JLL India’s latest report ‘Hotel Investment Trends – India 2023 highlights the growth and positive start of the first quarter (Jan-March) of 2024 in the hospitality sector. It mentions that the upper upscale segment saw the highest number of keys changing hands, followed by the upscale, luxury, and midscale segments. The first quarter of 2024 witnessed a significant 80% Year-on-Year increase in hotel transaction volumes, reaching USD 78 million.
Breaking News
- After Colombo, ITC Hotels plans to open more properties overseas and 70 hotels in India: Sanjiv Puri
- Passenger traffic growth to continue its momentum in FY2025, rise more than 10% to over 415 million
- India to take 5th place in outbound travel spend and become 3rd largest domestic market by 2027: Bernstein report
- IHCL to relaunch Gateway brand with 15 hotels in tier II & III cities, starting with Bekal and Nashik: Puneet Chhatwal
- India, targeting a 30% market share by FY2032, needs approx additional 60 widebody aircraft: CAPA
- Join a webinar about Eurail passes and learn to book passholder fares with Rail Europe on 30 April at 3pm
- HRAWI proposes to set up bureau to promote Maha as an enticing destination for M!CE events
- UPTCL Indo Jaya Cup, held in Lucknow, will offer opportunities to expand tourism business in UP
- India’s outbound potential and opportunity in transfer traffic via Indian hubs, makes it an exciting long-haul market: CAPA India
- Vistara allows agents to use specific TMC credit cards, more banks to be added to list on TAAI’s request: Jay Bhatia, VP, TAAI
- No active pipeline of hotel development in Delhi to meet increasing demand of incoming air passengers
