Category Archives: Breaking News (All Categories)

As per Future Market Insights, the market for international outbound meetings and incentives from India to Europe is predicted to surpass US$7.17 billion by 2032, leading to a compound annual growth rate of 5 per cent between 2022 and 2032. FMI has recently forecasted that India’s outbound tourism market will reach US$18817.72 million in 2024.

In the FY 2023-24 so far, the Airports Authority of India (AAI) has achieved a capital expenditure of ₹4,778 Crores, leading India’s civil aviation industry towards progress. AAI is earmarked to undertake a capital expenditure of Rs 25,000 crore for the period between 2019-20 to 2024-25.

Rail Europe invites the Indian outbound travel trade to attend an exclusive webinar on train travel in Europe on today at 3pm. It has successfully trained more than 5,000 agents last year together with its NTO partners and GSAs. Participate in the quiz and win exciting prizes! For more information, write to jaspreet.kaur@ddppl.com or 9650196532.

The 4th edition of Goa International Travel Mart is all set to commence from 3-4 April at Shyama Prasad Mukherjee Indoor Stadium in Goa. It will also be held virtually from 3-9 April. Suneel Anchipaka, Director Tourism, Goa said, “GITM 2024 aims to redefine Goa’s tourism landscape by focusing on regenerative, spiritual, and hinterland tourism, setting new standards for sustainability and inclusivity. Over 250 national and int’l buyers are expected to participate in the event.”

In a significant development, the Federation of Hotel & Restaurant Associations of India has initiated legal action to seek appropriate remedies for hotel members affected by adverse provisions from the Delhi HC for the hospitality sector from the DGFT. “The hospitality sector must receive fair treatment under the Foreign Trade Policy,” said Pradeep Shetty, President, FHRAI.

To mark the reopening of Notre Dame after 5 years, a 3-day reopening ceremony is planned from 7-9 Dec 2024. “There will be a worldwide telecast of the reopening ceremony. Individual visitors can visit the church from 17 December onwards and it will be open to groups only by June 2025,” Olivier Josse, Secretaire General, Notre Dame. 

CareEdge Ratings in its report highlighted a 12-14% revenue per available room growth for the hospitality industry in FY2024, followed by a 9-11% growth in FY2025. This will make it the third straight year of an upcycle. Pan-India, ARRs are expected to be around Rs 7,200 to Rs 7,400 in the current fiscal, which is likely to rise further to Rs 7,700 to Rs 7,900 in the next fiscal.

Over the past decade, tourism has embraced sustainability as a strategic pillar. A WTTC report shows that 42% of leading tourism companies globally have set a climate target – either interim, long-term, or both. As sustainable business practices gain traction around the world, companies must increasingly consider the concerns of stakeholders – travellers seeking eco-friendly destinations, and communities concerned about their future.   Tour operators Emissions from tour operators vary across the sector, depending on how asset-light or asset-heavy they are. Some operators express concerns about limitations they encountered regarding infrastructure at destinations, while others are investing in sustainability initiatives. But the current infrastructure and technology at some destinations are not developed enough for those investments to yield results in the short term. For example, some tour operators want to invest in electric buses, but current EV coach battery life is inadequate for longer tours. Travel agencies and OTAs Travel agents — both brick-and-mortar and online — interact with a variety of industry players, from suppliers to destinations, and influence consumer choices. They are well-placed to help the industry achieve its sustainability goals, though these efforts are complicated by the new reporting frameworks. OTAs and travel tech companies more broadly are not easily classified, as they often fall in the software sector rather than tourism. As such, they also lack specific guidance on how to tackle sustainability issues relating to their travel operations. They will likely have to consult sector-based guides, such as for car rental and leasing, hotel and lodging, and airlines. Accommodation One complicating factor for hotel chains is the industry’s range of business models and ownership structures. Many operate under franchise agreements with multiple levels of control, …

Pradeep Shetty, President, HRAWI has said that their upcoming convention is poised to achieve big goals in tourism, “Our convention in Goa aims to drive growth in a sustainable manner, aligning with India’s vision of achieving 100 mn tourists by 2047 and a $3 tn hospitality tourism economy.” he added.

Amitabh Kant, G20 Sherpa, said, “By 2035, India is projected to provide 30 per cent of the world’s skilled manpower, a number of our experts in various sectors like hospitality will emerge from India. It is not just about producing manpower; it is about producing the best talent.” He was speaking at WTTCII event.