neesshaaa

Govt to expand existing airports and develop new ones expeditiously: Interim Budget

Finance Minister Nirmala Sitharaman stated that aviation sector has been galvanized in the past ten years. Number of airports have doubled to 149. “Roll out of air connectivity to tier-two and tier-three cities under UDAN scheme has been widespread. Five hundred and seventeen new routes are carrying 1.3 crore passengers. Indian carriers have pro-actively placed orders for over 1000 new aircrafts. Expansion of existing airports and development of new airports will continue expeditiously,” she added. This development will result into better connectivity, and more flight routes, which will eventually escalate the aviation industry and will significantly increase the number of tourist arrivals.

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FM Sitharaman’s announces to develop ecosystem for EV Vehicles, boosting responsible travelling

While unveiling the Interim Budget 2024,  Finance Minister Nirmala Sitharaman stated that the government aims to fortify the Electric Vehicle (EV) ecosystem by investing in the manufacturing and charging infrastructure. Additionally, she introduced that govt is going to launch new bio-manufacturing scheme to foster green growth. Consequently, the aviation sector will get a boost in green initiatives as they plan to introduce more strategies for responsible travelling.

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40,000 rail bogies to be converted to Vande Bharat standards, rail infrastructure projects to connect more cities: FM Sitharaman

Finance Minister Nirmala Sitharaman has announced in the Interim Budget 2024-25 that 40,000 rail bogies will be converted to Vande Bharat standard. The budget also includes the extension of key rail infrastructure projects, such as Metro Rail and Namo Bharat, to additional cities. This will strengthen the connectivity between various tourist destinations resulting in the escalation of the tourism industry.

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Union Budget: FM calls for comprehensive development of tourist centers

Announcing the Interim Budget 2024-25, Nrmala Sitharaman, Finance Minister of India, said, ” There will be comprehensive development of tourist centers. The success of organizing G20 meetings in 60 places presented diversity of India to Global audience. Our economic strength has made the country and attractive destination for business and Conference tourism. Our middle class also now aspires to travel and explore tourism including spiritual tourism has tremendous opportunities for local people. States will be encouraged to take up comprehensive development of iconic tourist centers branding and marketing them at global scale. A framework for rating of the centers based on quality of facilities and services will be established long-term interest free loans will be provided to States for financing such development.”

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EbixCash reports overall y-o-y Corporate Travel business growth of 60% in 2023

EbixCash Limited has reported exceptional performance across all travel business verticals. The company has reported that its Corporate Travel business grew year-over-year (YOY) by 60% on an overall basis in 2023. EbixCash Travels added approximately 57 new clients in the prestigious large and mid-cap segment in 2023 itself. The group reported growth of approximately 40% in its business with LCC carriers while its GDS segments YOY grew by 37%. EbixCash Travel reported YOY growth of 33% in its business with the top line LCC carrier Indigo. EbixCash’s international passenger YOY growth was 52% across its India airline business. EbixCash Travel Managing Director Naveen Kundu said, “We are excited to have outperformed the travel industry trends in 2023 in almost all segments that we operate in. All our business verticals across EbixCash Travel have performed exceptionally well while allowing us to retain a leadership position in many domestic and international markets. We look forward to 2024 with stated goal of registering a record performance in the year.” In MICE & Event based travel businesses, EbixCash Travel continued to maintain its leadership position across India with a YOY revenue growth of approximately 25%. Passenger growth in the international MICE segment was approx. 150% YOY while it was 47% YOY across the combined domestic and international segment business. This growth was primarily driven by an approximate 80% increase in new client acquisitions in 2023. EbixCash also reported that its overall inbound business grew YOY by 287% in terms of incoming passenger growth & 264% YOY in terms of overall revenue growth. EbixCash Travel continued its No. 1 Leadership position in ASEAN countries like Indonesia and Philippines, where its business in aggregate grew YOY by …

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EaseMyTrip to acquire 3 companies – Guideline Group, Tripshope Online & Dook Travels

EaseMyTrip.com is set to acquire 51 per cent of the aggregate paid-up share capital of each of the three prominent travel companies incorporated in India, to solidify its position as a major player in the travel and tourism industry. The company proposes to acquire includes – Guideline Travels Holidays India Private Limited, Mumbai, TripShope Travel Technologies Private Limited, Jammu and Kashmir and Dook Travels Private Limited, New Delhi. The consideration for the proposed acquisition will be paid by EaseMyTrip by way of issuance of its equity shares to the selling shareholders of the respective target companies on a preferential basis. Nishant Pitti, Co-Founder of EaseMyTrip, “These three companies have a strong track record and a wealth of experience in their respective areas. Together, with these remarkable travel companies, we extend and embrace to a diverse spectrum of exceptional services catering to larger markets. Together, we are poised to ignite the wanderlust of countless explorers, crafting unforgettable journeys that resonate with every soul and paint the world with the colors of adventure and discovery.’’ Guideline Travels Holidays India Private Limited, Mumbai: Guideline Travels, a highly reputed travel company that excels in both B2C and B2B circuits. The company boasts an extensive product portfolio international group tours, bespoke FIT ventures, fixed departures and MICE movements and has its major business line in cruises. “Being pioneers at cruise selling, we sought an aggressive online selling platform for cruise products around the world. Our partnership with EaseMyTrip gives us a big thrust to bring a bouquet of cruise products to our B2B as well B2C clients. Partnership with EaseMyTrip opens up our horizons and will allow us to bring to fruition our vision hence …

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Rajasthan becomes first state to grant full industrial recognition to tourism and hospitality

Tourism and hospitality sector in Rajasthan has been designated full-fledged industry recognition. As a result, investors are exhibiting a keen interest to invest in the state’s tourist sector. Rashmi Sharma, director of the tourism department , “ The Rajasthan Tourism Department is currently focusing on identifying and developing new, lesser-known tourist destinations within the state as part of its new tourism policy, which is continually luring Investors to invest in the state and allows them to conduct all of their business through a single window rather than compelling them to visit various places” Industrial Status: The department issues entitlement certificates to tourism units in order to grant industrial status benefits. The units that receive this certificate receive power at industrial prices, which are around 30% lower than commercial rates. At the same time, UD tax on these units is levied at industrial rates, which are 80% lower than commercial rates. There were 1,262 applications for entitlement certificates for industrial status received by the department, out of which 859 have been issued. Similarly, 41 applications have been received under the Rural Tourism Scheme 2022, of which 35 certificates have been issued. So far 25 guest houses have been registered by the department in the state. The state operates about 850 home stays (paying guests) by combining old and new policies. What is included in tourism units: Hotel and Motel, Heritage Hotel, Budget Hotel, Restaurant or Cafeteria, Resort, Sports Resort, Health Resort Spa, Camping Site, Amusement Park, Animal Safari Park, Convention Center / Mice, Museum, Rope Way, tourist luxury coach, caravan and cruise tourism.

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Paris gets new shopping hub

McArthurGlen has recently made an addition to its portfolio with Designer Outlet Paris-Giverny. The centre offers its guests the opportunity to experience the very best of French savoir vivre with a perfect combination of fashion, art and gastronomy from nearby Normandy, shares Matthias Sinner, Head of Tourism, McArthurGlen Group. Could you tell us more about the new MAG centre in Paris? Designer Outlet Paris-Giverny is McArthurGlen’s new luxury and premium shopping destination, located just to the west of Paris. The centre offers its guests the opportunity to experience the very best of French savoir vivre with a perfect combination of fashion, art and gastronomy from nearby Normandy. Spanning over 20,000 square metres, the centre boasts a thoughtfully curated brand mix of international fashion favourites including Missoni, Stella McCartney, Moncler, Philipp Plein, Vivienne Westwood, BOSS, Furla, Karl Lagerfeld, Tommy Hilfiger, Maje, Angelo Vintage, New Balance, Adidas, Claudie Pierlot, L’Oréal and Roberto Cavalli at a minimum of 30 per cent off. It also plays host to an exceptional line up of food and beverage options, including the globally recognised luxury Parisian establishments Ladurée and Angelina, famous for their delicate macarons and iconic hot chocolate respectively. For guests looking to treat themselves further, French gelato brand Amorino and an elegant champagne bar offer the perfect places to pause and relax while shopping, and the popular American burger chain Five Guys caters to customers craving a quick bite between visiting their favourite stores. How is this different to other centres? Not only does Designer Outlet Paris-Giverny have the McArthurGlen DNA, delighting visitors and providing them with an extraordinary day-out experience, it is also home to an exclusive Maison des Métiers d’Art, GVRNY, newly launched …

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ITA Airways launches today new Washington – Rome connection

 Today, the Italian National Day, marks the launch of the new ITA Airways Washington Dulles – Rome Fiumicino direct flight. The inaugural flight, which departed today at 4:20 p.m. from Dulles International airport, was operated with the new Airbus A330neo, the first aircraft completely built according to ITA Airways’ new cabin design. To celebrate the launch of the new intercontinental route and the entry into service of the new aircraft, a ribbon-cutting ceremony was held at the departure gate in the presence of Pierfrancesco Carino, Vice President International Sales ITA Airways, Chryssa Westerlund, Executive Vice President and Chief Revenue Officer, Washington Metropolitan Airports Authority, and Min. Plen. Alessandro Gonzales, Deputy Chief of Mission of the Embassy of Italy in Washington.   To further underline the importance of the new connection between North America and Italy, ITA Airways was partner of the Italian National Day celebrations held yesterday at the Italian Embassy in Washington. On the occasion, the Ambassador of Italy in Washington, Mariangela Zappia, said: “ITA Airways’ new connection and plans to expand its network in the United States are important, long-awaited steps that bring America even closer to Italy and allow us to strengthen not only tourist flows but also the political, economic and cultural relations between our two countries”.   The Washington destination inaugurates the expansion of ITA Airways’ intercontinental network for the 2023 summer season and is enhanced by the introduction of the new Airbus A330neo, which made its first commercial flight today. The Airbus A330neo is the benchmark in terms of technology, digitization, innovation, efficiency, design, and ultimate expression of Made in Italy, reflecting the fundamental pillars of ITA Airways. The new Airbus, A330neo dedicated to the marathon …

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