According to the Indian Hospitality Marketing Analysis by Mordor Intelligence, hospitality industry in India market size is estimated at $24.62 billion in 2024; and is expected to reach $31.01 bn by 2029, growing at the CAGR of 4.73% during the forecast period, which is 2024-2029.

Jatinder S Taneja, Honorary Treasurer, PATA India Chapter, said, “As of now, increasing expenses of hotels, flights are sparking concerns as India is becoming expensive destination of visitors. While, we rejoice in the tourism surge, this issue needs to be addressed as soon as possible”.

The cabinet of Thailand has approved a tax cut on alcoholic beverages and entertainment venues aimed at boosting tourism. The taxes on wine will be reduced from 10 percent to 5 percent, while those on spirits will drop from 10 percent to zero. Additionally, the excise tax on entertainment venues will be halved from 10 percent to 5 percent.

Booking.com’s Travel Predictions 2024 reveals, 55% travellers prefer to embark on their journeys without set plans, while 69% opt for loose itineraries, allowing them to adapt as they go. With this, AI is set to become a mainstream feature of travel next year. 48% of travellers now trust AI to plan their trips.

Sheo Shekhar Shukla, Principal Secretary Madhya Pradesh Tourism said, “Long distance, intra-state cruises will be a new attraction for 2024. We have a buoyant plan for cruise tourism in 2024. The main attraction will be the nearly 130 km inter-state cruise on river Narmada.”

Mani R. Lamichhane, Director, Nepal Tourism Board mentions that arrival of 1 mn foreign tourists in 2023 is pivotal moment for its tourism sector. Indian tourists constituted the largest contingent among the visitors, displaying connections and diplomatic relations between two countries.

Joel Bartlett, General Manager, Mamaka by Ovolo, said, “As part of our strategy for the upcoming year 2024, we want to keep collaborating and networking with Indian travel trade to provide best guest hospitality and accommodation experience to them. We are hopeful for 2024″.

KB Kachru, Chairman Emeritus & Principal Advisor, Radisson Hotel Group, South Asia highlights that looking ahead to 2024, the emphasis is expected to shift towards technology-driven conveniences, a lot of learnings, sustainability, and experiential travel.

According to Indian government owned website Invest India, the tourism and hospitality industry in the country is projected to generate revenue of over $59 billion. It also highlights that Foreign Tourist Arrivals (FTAs) are anticipated to reach 30.5 million by 2028.

Kuta Social Club proudly announces its extraordinary achievement of securing dual top honours within the same year—ranking as #1 in Kuta on TripAdvisor and crowned as the #1 Best Rooftop Bar Bali by the prestigious Exquisite Award 2023. Guided by the dedication and passion of its stellar team, Kuta Social Club’s journey to the pinnacle has been nothing short of remarkable. A harmonious blend of teamwork, unwavering focus on delivering top-notch service, cultivating a vibrant atmosphere, and serving delectable culinary experiences has positioned Kuta Social Club as a beacon of excellence, captivating the hearts of locals and tourists alike. dual accomplishment reinforces Kuta Social Club’s commitment to pushing boundaries and crafting extraordinary memories for its guests. Joel Bartlett, General Manager, expressed his gratitude, stating, “This recognition is a testament to the hard work and dedication of our incredible team. We are humbled and inspired to continue setting new standards in hospitality.” As Kuta Social Club basks in the glory of these accolades, the team remains steadfast in its mission to provide an unparalleled experience for every visitor. The future holds exciting prospects as Kuta Social Club continues its journey as an iconic destination in the vibrant Kuta community. “We extend our heartfelt appreciation to our loyal guests and the TripAdvisor community for their unwavering support and trust. These achievements motivate us to aim higher and create even more exceptional experiences,” adds Ben Harrington, Executive Chef.