Category Archives: Associations

A lot is riding on Finance Minister Nirmala Sitharaman’s 7th Union Budget presentation, to be aired today. This makes her the first FM to present seven Union Budgets in a row! This Budget is an important one for ‘Amrit Kaal’ and will decide the direction for India’s economy for the next five years. It has the potential to build a strong foundation of our dream of Viksit Bharat, the Prime Minister has said. As the industry braces itself for it, it does so with cautious hope – afraid of being let down yet again due to the absence of any mention of tourism, yet hopeful that perhaps this could be the moment when the sector begins to appear in the FM’s horizon. Watch this space for more updates and industry reactions on the Budget.

Urging the Government of India ahead of the upcoming Union Budget, Nitin Mittal, Coordinator South, NIMA, said, “The government of India should think of providing GST rebates or GST refunds to the MICE group or international tourists on shopping, if not then at least on the purchase of sustainable products like khadi, and Indian handicrafts.”

Neeraj Malhotra has been re-elected as the Chairman of the TAAI Northern Region for the next term 2024-2026 at TAAI’s Annual Meeting. The other office bearers who were reinstated includes: Anurag Agrawal as Hon. Secretary and Neeraj Kumar Sarna as Hon. Treasurer. They were elected unanimously for the next term indicating the support and trust shown by members.  

WTTC projects that Travel & Tourism will contribute almost INR 21.15 trillion to the Indian economy in 2024, an increase of 21% from 2019. Jobs are predicted to increase by 2.45 million this year, equivalent to one in 11 jobs in India. International visitor spending is expected to grow more than 17%, to reach INR 2.85 trillion, while domestic visitor spending is projected to continue growing this year, with a 9.6% increase to reach more than INR 16 trillion. 

39th IATO Annual Convention is scheduled to take place from 30 August to 2 September 2024 with the theme ‘Resurgent India Inbound’ in Bhopal, Madhya Pradesh. The event is expected to witness the participation of 15 states and 900-1000 delegates from all over the country, which includes leaders from travel industry.

Yuri Alemao, Leader of opposition, Goa Legislative Assembly, said, “I will vociferously raise concerns of tourism stakeholders in Assembly session.” He assured the Travel and Tourism Association of Goa (TTAG) that he will speak against the various deviations in the proposed Bill from the Tourism Policy 2020, which ignores the role of local tourism stakeholders.

Anoop Kanuga, MC Member, TAAI, said, “The potential to host weddings in J&K is immense, primarily due to its scenic locations and cultural richness. To tap it, the govt can help support the MICE community by improving infrastructure, strengthening security and offering subsidies to attract event organisers and agents to host weddings and MICE tourism events in the region.”

Sharing some of the pain points that he seeks clarity and consideration on from the FM , in the upcoming budget, Mahendra Vakharia, Executive Committee Member / Immediate Past President – OTOAI & MD, Pathfinders Holidays, shares the below: Make the GST application and adjustment of Credit rule simpler for services rendered to client based in different state, service purchased from different state and invoiced from different state…. Allow adjustment of input credit of GST for International Holidays Reduce the percentage of TCS and Simplify the application of TCS on Foreign tour packages if you are unable to completely abolish TCS on International Packages – especially when booked from a tour operator / travel agent as it is not creating a level playing field for the Travel Agent charging TCS against  a Foreign registered online portal which is allowed to process bookings without charging TCS. This is totally and completely demoralising in defeating the rule of “Make in India” and favouring the foreign operators instead of the local travel agents. Interpretation of TCS rule is also very complicated and should be made very simple – both for the client and the travel agent thereby reducing the liability of the Travel Agent for non compliance due to ambiguity of the law and its implementation In fact from the day one when TCS was introduced the request from Industry was to abolish this TCS rule for International Tour Packages. This rule is not giving the local travel agent who is generating employment, paying income tax, paying GST,  a level playing field in comparision to the online Foreign Travel Portal who is not paying income tax, not generating employment, not paying GST and taking …

Türkiye, a premier destination for travellers worldwide, continues to see a remarkable surge in tourism from India. In the first 5 months of 2024, the number of Indian visitors reached an impressive 1,26,000, representing a 34% increase compared to the same period in 2023. This surge is notable against the backdrop of 2023, wherein Türkiye welcomed a total of 2,74,000 Indian tourists for the entire year. This significant growth highlights Türkiye’s ongoing appeal and its strategic efforts to attract more Indian tourists. Indian tourists have shown a strong preference for a variety of tourism experiences in Türkiye. Many Indian visitors are exploring Türkiye’s rich cultural heritage, shopping, and dining experiences at their own pace as Free Independent Travellers (FITs). Several regions and cities in Türkiye have seen a notable increase in Indian tourists. Istanbul, renowned for its historical landmarks, vibrant culture and unique gastronomic experiences, remains a top destination. Cappadocia, famous for its unique landscapes and hot air balloon rides, has also attracted many Indian visitors. Coastal areas such as Antalya and Bodrum, which are known for their stunning beaches and luxury resorts, are also popular for unique wedding ceremonies, honeymoons, luxurious celebrations, and events. Other destinations like Pamukkale, İzmir, and Alaçatı are known for their natural beauty and historical sites, drawing significant numbers of tourists. This impressive growth is attributed to active promotion and PR activities in India, as well as successful collaborations with Indian stakeholders, including travel agents, corporates, and wedding planners. Earlier this year, Türkiye Tourism concluded a successful six-city India Roadshow in collaboration with the Travel Agents Association of India (TAAI). This initiative aimed to strengthen ties between the Indian travel trade and Turkish tourism, fostering …

Ahead of the Union Budget, Jyoti Mayal, President, TAAI, said, “To make India a preferred travel destination, the Union Budget 2024-2025 must focus on infrastructure, more favourable GST rates and GST credit, industry status including travel operators, development of new airports, and rapid expansion in rail, road and waterways.”