Category Archives: Breaking News (All Categories)

According to the Indian Hospitality Marketing Analysis by Mordor Intelligence, hospitality industry in India market size is estimated at $24.62 billion in 2024; and is expected to reach $31.01 bn by 2029, growing at the CAGR of 4.73% during the forecast period, which is 2024-2029.

Jatinder S Taneja, Honorary Treasurer, PATA India Chapter, said, “As of now, increasing expenses of hotels, flights are sparking concerns as India is becoming expensive destination of visitors. While, we rejoice in the tourism surge, this issue needs to be addressed as soon as possible”.

In a ceremony brimming with global aspirations, the Osaka Group proudly unveiled its newest branch in London, UK, on Sunday, December 31, 2023. This strategic move marks a pivotal milestone in the Group’s ambitious “Vision 2025” plan, fueled by a burning desire to achieve multinational status and establish a presence across all continents. The virtual inauguration was graced by the presence of esteemed dignitaries, each provide their well wishes and highlighting the significance of this expansion. Honorable Sri. P Rajeev, Minister for Industries, Law and Coir of the Kerala Government, officially inaugurated the branch, commending the Group’s dedication to excellence and its contribution to Kerala’s economic future. He expressed confidence in Osaka Group’s ability to not only thrive in the UK market but also become global ambassadors for the state. Smt. Gita Krishnankutty, Head of Investment at the UK Department for Business and Trade, delivered the keynote address, warmly welcoming Osaka Group to the UK. She praised the Group’s expertise and focus on unparalleled service, noting how it aligns perfectly with the UK’s vision for a thriving tourism sector. Expressing excitement for the partnership, she looked forward to a mutually beneficial relationship. Dr. P B Boss, Chairman and Managing Director of Osaka Group, delivered a visionary address that resonated with the audience. He emphasized that the London inauguration was not just about opening a new office, but about planting the seeds for a global Osaka Group. By 2025, he envisioned a world where the Group’s name would be synonymous with exceptional travel experiences, wherever one might go. London, he declared, was a crucial step in that direction, and the Group was ready to embrace the challenges and opportunities that lay …

FAITH has appointed Puneet Chhatwal, Managing Director and CEO of IHCL, as its Chairman with immediate effect. He takes over from Nakul Anand who since his retirement will no longer be a member of HAI Executive Committee, thereby relinquishing his position at FAITH. In his new role, Chhatwal will ensure a smooth continuation of FAITH’s initiatives and objectives.

TAFI has urged the PM to show more support to the travel agent channel. It stated, ‘The tourism sector can surely become more robust if all cogs in the wheel of tourism trade do well and work in tandem. The travel agent channel has been largely ignored and remains an area where your support would go a long way.’

Management Consultant & Professor for aviation and tourism industries, Gavin Eccles, says India needs a more integrated vision between air services and tourism. “I have been saying this for the last few years. It is really time for India to look at an inbound aviation strategy. UDAN scheme has been great but what about an India Air Connectivity Programme? I have made many pitches to both the Central Government and the Indian states. Is 2024 the year that India can develop a strong inbound air services programme?”

Italy’s government has passed the budget law for next year. In the package, the government has decided to lower the minimum threshold of tax-free shopping from 154 euros to 70 euros (74.8 dollars) for all non-European tourists visiting the country. This was welcomed by McArthurGlen Group that has its largest shopping outlet in Serravalle.

The cabinet of Thailand has approved a tax cut on alcoholic beverages and entertainment venues aimed at boosting tourism. The taxes on wine will be reduced from 10 percent to 5 percent, while those on spirits will drop from 10 percent to zero. Additionally, the excise tax on entertainment venues will be halved from 10 percent to 5 percent.

Booking.com’s Travel Predictions 2024 reveals, 55% travellers prefer to embark on their journeys without set plans, while 69% opt for loose itineraries, allowing them to adapt as they go. With this, AI is set to become a mainstream feature of travel next year. 48% of travellers now trust AI to plan their trips.

Sheo Shekhar Shukla, Principal Secretary Madhya Pradesh Tourism said, “Long distance, intra-state cruises will be a new attraction for 2024. We have a buoyant plan for cruise tourism in 2024. The main attraction will be the nearly 130 km inter-state cruise on river Narmada.”