SurbhiiiSharma

Good news for airlines: Odisha government approves financial incentives to enhance travel options

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.

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Billa unveils FHRAI’s Centre of Excellence, aiming to map GST, excise duty, & other credible data on hospitality

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.”

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78% domestic and 30% international flights from India are booked 15 days before departure, reveals report

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.

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Saudia records 10% growth in guest transportation for Q3 2024

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 …

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Hospitality industry contributes 12-13% to India’s GDP, employs 12% of country’s workforce: Pradeep Shetty

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.

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76% of travellers seek sustainable travel options, figure reaches 99% in some Asia Pacific markets: Liz Ortiguera

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.”

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India all set to become an aviation hub: BTG Advaya

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 …

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Hahnair turn 25: Celebrates milestone with travel trade in Delhi

Celebrating its 25-year milestone in the industry and its partnership with the travel industry in India, Hahnair, a German scheduled, and executive charter airline organised its anniversary event at the Meridien Hotel in New Delhi. Over 80 travel agency partners attended the event along with Kimberley Long, Hahnair’s Vice President of Agency Distribution, Bharat Kapoor, Regional Vice President, Archana Nautiyal, Service Desk Manager, and Pawan Kumar Soni, Office Manager. Being one of the company’s top five global markets, the celebration highlighted the significant contributions of Hahnair’s Indian partners in its journey and underscored the company’s commitment to supporting the growth of the travel industry in India. Since 1999, the company has offered indirect distribution services to other airlines and thus, provides ticketing solutions to 100,000 travel agencies in 190 markets. With 25 years of experience, the company has established itself as the market leader. Today, Hahnair’s partner network encompasses more than 350 partner airlines. The evening also served as an opportunity to share Hahnair’s strategic plans for the future and reflect on the successes achieved through strong partnerships and a shared vision. With this, the company looks forward to expanding its footprint in India and continuing its collaboration with Indian travel agencies.

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