Category Archives: Breaking News (All Categories)

Kandula Durgesh, Minister for Tourism & Culture, Govt of Andhra Pradesh unveiled the state’s Tourism Policy 2024-2029. He said, “Main objective is to attract investments worth ₹25,000 crore under PPP model. The policy offers opportunities across various sectors including temple, eco, village, wellness & agricultural tourism.”

Puneet Chhatwal, Chairman, CII National Committee on Tourism and Hospitality, and MD & CEO, IHCL, says, “Tourism is not just about economic value and job creation, but also about cultural diplomacy, fostering deeper global connections. India is at an inflection point, moving from ‘Incredible India’ to ‘Inevitable India.'”

During the 18th CII Annual Tourism Summit, Mugdha Sinha, DG, Ministry of Tourism, GoI, said that infrastructure is the scaffold that holds the tourism sector together. “But it is actually how we position ourselves. So, I think the framing of the idea of Incredible India as a tourism product needs to get better,” she added.

As 2024 draws to a close, we at MRG Group reflect on what has been an extraordinary year of growth, innovation, and success. This year, our flagship ventures—Sanadige Restaurants and Goldfinch Hotels—have continued to uphold their reputation for excellence, delighting guests with unparalleled hospitality and culinary experiences. From introducing new menu innovations at Sanadige to elevating our service standards across Goldfinch Hotels, we have strived to exceed expectations and create memorable moments for our patrons. The Indian hospitality industry, marked by record-breaking occupancy rates and average daily rates (ADR), signalling strong recovery and growth. Domestic travel, corporate events, and India’s global presence through events like the G20 and the Cricket World Cup played pivotal roles in this resurgence. We at MRG Group have seen a huge growth in our HOSPITALITY as well as REAL ESTATE business. At MRG Group, we witnessed this positive momentum first-hand. The launch of our new property in Navi Mumbai is a testament to our commitment to expanding in high-potential markets. This year has reinforced the industry’s adaptability and the increasing demand for experiential travel. Looking ahead, we are optimistic about the continued growth of leisure, MICE, and corporate travel, while remaining mindful of challenges like rising operational costs. MRG Group remains dedicated to delivering excellence in hospitality and creating memorable experiences for our guests.” This renewed momentum has not only driven business growth but has also reaffirmed the timeless value of genuine hospitality. Looking ahead, we are filled with optimism for 2025. The new year promises to be a transformative one for MRG Group as we actively explore new avenues for expansion. With plans for strategic acquisitions and partnerships with international brands, we aim to …

Gajendra Singh Shekhawat, Union Minister of Tourism, urges the tourism industry to create a document on reinstating the Service Exports from India Scheme (SEIS) in a new format. During Cll Tourism Summit he said, “I will discuss with the Finance Minister and PM on reinstating the incentive given on Forex earned by tour operators.”

Sharing a broad strategy for next year, Anoop Tewari, Business & Commercial Strategy (Aviation and Travel Technology), ITQ, says “We are looking big, going by the tide and seeing the direction we are heading to invest as ITQ. Of course, Travelport is also investing a lot on technology as ITQ will be implementing a lot on tech solutions for travel agents to make their life easy, focusing on content, focusing on forward integration of solutions which help them handle their customers well and also help them scale up their business, make them bigger.”

The number of Indians wanting to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes. Data shared by MakeMyTrip showed that business class bookings from India across domestic as well as international routes have gone up by 50% this year compared to the same period last year. This is based on the analysis of search and booking data between December 16 and 31. For international bookings, there has been an 80% rise in business class bookings, and for domestic bookings, the jump is 27%.

Indian travellers are fast becoming a global powerhouse in tourism, driven by rising affluence, increasing travel ambitions, and a focus on premium experiences. According to the World Travel & Tourism Council, Indians spent a record $34.2 billion on outbound travel in 2023, firmly establishing themselves as key contributors to the global tourism market. This trend is set to grow further, with 66% of Indian travellers planning to travel more in 2025, leading the Asia-Pacific (APAC) region in both travel intent and spending, as per Skyscanner. The appetite for premium travel is evident in the soaring demand for business-class bookings. Data from MakeMyTrip shows a 50% year-on-year increase in business class bookings, with international flights witnessing an impressive 80% jump, while domestic flights saw a 27% rise

Supply is simply not keeping pace with demand, said Suman Billa, Additional Secy, MOT, adding, “Current estimates indicate that we have about 180,000 branded hotel rooms in the country, including those under development. However, if you factor in the latent demand—such as the 470 million-plus domestic travellers and incoming international tourists—the numbers suggest we should already have double that capacity. Not five years from now, but today. Unless we address the supply side immediately, we risk missing the tourism opportunity altogether.”

Amitabh Kant, G20 Sherpa India underlined the need to create and legislate destination management at the 18th CII Annual Tourism Summit 2024. He said, “India needs to create and legislate on destination management. I believe we are currently riding the wave of domestic tourism, but we need to move beyond this. Domestic tourism will have its ups and downs, so our focus must shift to international tourism, especially targeting the upper end of the market. High-value tourism will deliver greater unit value realization for hotels, which will require top-quality destination management.”