Diana Marin Acosta, Senior Vice President, Head of Global & Luxury Sales, Minor Hotel, said that they want to keep growing partnerships and build brand awareness by organising roadshows in India. “We are ready to open one property in Jaipur next month and are committed to opening 50 hotels in the following years,” she added.

As part of its ambitious plan to enhance air connectivity, Odisha cabinet has approved a financial incentive program for airlines to launch new flights connecting various airports in Odisha. According to the program, airlines will receive ₹5 lakh per round trip for domestic flights and ₹10 lakh for international routes.

Suman Billa, Additional Secretary, Ministry of Tourism, inaugurated FHRAI’s Centre of Excellence in New Delhi. Billa, said, “It will create a comprehensive data ecosystem and play a vital role in generating analytical insights that can guide government policy and help us better support the industry.”

Data from Ixigo and Cleartrip revealed that 78% of domestic and 30% of international flights from India are booked within 15 days of departure, particularly for visa-free destinations like Thailand and the Maldives. Flexible work schedules, rising disposable incomes, and tempting last-minute offers from OTAs fuel this trend.

Saudia, the national flag carrier of Saudi Arabia, has reported significant growth in its operational performance for the third quarter of 2024, according to its latest performance report. The airline transported over nine million guests, marking a 10% increase compared to the same period in 2023. This achievement was supported by more than 49,500 flights, reflecting a 9% increase in flight operations. Additionally, Saudia logged 146,700 flight hours, representing an 11% increase over last year, with an impressive on-time performance rate of 87.8%. Internationally, Saudia carried over five million guests, reflecting a 9% growth, and on more than 21,900 flights, a 5% increase compared to last year. The airline’s international fleet logged over 102,400 flight hours. On the domestic front, Saudia served over four million guests, demonstrating a 12% increase, with more than 27,500 flights operated, marking a 13% increase. Domestic flight hours surpassed 44,200, with a commendable on-time performance rate of 91.5%. H.E. Engr. Ibrahim Al-Omar, Director General, Saudia Group, stated: “The aviation industry is uniquely defined by its skilled workforce and cutting-edge systems that ensure sustained operational excellence. We remain committed to delivering innovative services that enhance the travel experience for our valued guests, and our new strategy meticulously addresses every aspect of air travel—from security and safety to expanding seating capacity to meet growing demand.” From January to September 2024, Saudia successfully transported over 25.3 million guests across 143,800 flights. Looking ahead, the addition of 131 new aircraft to Saudia’s fleet will significantly expand flight offerings and seating capacity across its network of over 100 destinations spanning four continents. This growth will also introduce new international routes, aligning with the airline’s strategy to connect the world to …

Chef Eabin Mathew, Principal, BGS Institute of Hotel Management, Bengaluru while receiving the ‘Most Promising Hotel Management College’ award at the India Travel Awards 2024, said, “The award will be instrumental in helping us advance our ideas and secure a place in the industry”.

Skyscanner’s new ‘Travel Trends Report’ unveiled Shillong as the most popular destination for Indian travellers in 2025. The report, which offers insights into the pulse of Indian travellers in the coming year, also revealed that 66% of Indians plan to “travel more” in the coming year.

Pradeep Shetty, President, Federation of Hotel & Restaurant Associations of India (FHRAI), revealed that India’s hospitality industry contributes 12-13% to the GDP and employs over 12% of the workforce. These figures place the industry ahead of both the automobile and IT sectors in terms of economic contribution.

Focusing on sustainable travel and tourism trends at ITB Asia 2024, Liz Ortiguera, Managing Director for Asia Pacific, WTTC, said, “76% of travellers now seek sustainable travel options, with that figure climbing to 99% in some Asia Pacific markets while emphasising sustainability, community engagement, and Asia Pacific’s pivotal role in the sector’s future.”

India is presently the world’s fastest-growing aviation market with demand surpassing the supply of aircraft and a strong order book of more than 1,500 aircraft from airlines in India. India’s skies are dominated by low-cost carrier IndiGo which holds around 60% market share and the Tata group airlines, with around 30% market share. As more than 80% of India’s commercial fleet is leased, there is tremendous potential for aircraft leasing activity within India. Even if some of these aircraft are leased from India, it will bring down the costs as the leases will be immune to exchange rate volatility. Leasing done through foreign jurisdictions like Ireland is vulnerable to exchange rate fluctuations. GIFT City – Can it snatch leasing business from Dublin? The Government of India has recognized the potential of the aircraft leasing and financing business. Accordingly, in October 2020, ‘aircraft lease’ was designated as a ‘financial product’ that can be offered by entities set up in International Financial Services Centres (“IFSCs”) in India. IFSCs are essentially special economic zones dedicated to financial services. IFSCs provide tax benefits and flexibility in foreign currency transactions. In the last few years, there has been a surge in activity from the Gift City, India’s first IFSC, with more than 28 aircraft lessors already registered, which have leased more than 120 aviation assets, including aircraft, helicopters and engines. The success of GIFT city to a large extent hinges on tax incentives. Recognising this, the Indian Government provides a range of tax benefits to units established in the GIFT City, similar to some of the well-established aircraft leasing hubs like Ireland, Singapore, and Dubai. These tax benefits include a tax holiday for any 10 …