Category Archives: Breaking News (All Categories)

Prime Minister Narendra Modi, in the recent post-budget webinar, said that we must profile the tourists coming to India from abroad and decide our target group. “For people living abroad who can spend more, we need to make a special strategy to bring them to India in maximum numbers. Such tourists may stay in India for a short period of time but will go after spending a lot of money,” he added.

Rajiv Mehra has been re-elected as President, IATO unopposed for the year 2023-24. It will be his second term as President of the prestigious organization. As per IATO constitution, he will not be competing for the post of President after this term.

DCT Abu Dhabi is organizing the #Summer in Abu Dhabi Webinar today at 3pm, which would allow the participants to learn about the family friendly attractions, beach, resorts & hotels and entertainment options. Register with jaspreet.kaur@ddppl.com. +919650196532.

Julia Simpson, WTTC President & CEO, joined prominent tourism voices to discuss transition in travel. She said, “I see travel and tourism as the Guardians of Nature. I see us as being able to protect the environment and reduce greenhouse gasses.” The forum continues to collaborate with key industry representatives to drive sustainable action in the tourism space.  

Global business travel spending is expected to make a full recovery in 2024–ending the year on pace with the 2019 pre-pandemic spend of US$1.4 trillion, and a year sooner than previously forecast, says Global Business Travel Association (GBTA). It adds that Recovery will continue into 2023, with global spending rising 23% year-over-year as even more international and group travel comes back online.  

Ajay Bakaya Managing Director, Sarovar Hotels and Resorts said, “Our expansion will follow a two-pronged approach, and our expansion plans are not limited to India but extend globally which includes the opening of two hotels in 2023, one in Kampala, Uganda, and the other in Hargeisa, Somaliland.” 

Guillaume Fuary, CEO, Airbus said, “India is on the verge of an international air travel revolution and we are humbled at Airbus that our partnership with the Tata Group will contribute to this new chapter. The time is right for India to become an international hub.”

Suprio Banerjee, Vice President & Sector Head – Corporate Ratings, ICRA said, The pace of recovery in industry earnings will be gradual owing to the high fixed cost nature of the business. The industry is estimated to report a net loss of around INR 110-130 billion in FY2023 due to elevated ATF prices twined with the depreciation of the INR against the USD.” 

The Pacific Asia Travel Association (PATA) is set to organise PATA Travel Mart 2023 in New Delhi, India from October 4-6. The event will be hosted by the Ministry of Tourism, Government of India. India is proving to be an important market in the recovery of travel and tourism within the Asia Pacific region and with its many initiatives in sustainable and inclusive tourism activities, it has the potential to become a preferred tourism destination. 

Poised for exponential growth after a pause, these two segments of travel are evolving like never before, with new expectations from ever-discerning customers. Listen to industry leaders from across the travel and tourism industry in both India and Singapore about what the industry needs to be equipped with in pursuit of travellers of tomorrow, at this exciting conclave organised by the Singapore Tourism Board (STB), to be held in Mumbai on March 10, 2023.   WTTC President Julia Simpson famously announced last year that “the recovery of global tourism is going to be so stellar that it’s going to recover really powerfully”. According to forum, the global travel and tourism sectors are projected to return to pre-pandemic levels in 2023. It is expected to post an annual average growth rate of 5.8% from 2022 to 2032 versus the 2.7% increase in global GDP.  Focus on cruise and MICE segments Businesses in the MICE travel sector have also pinned their hopes on 2023 as the year it truly bounces back. According to a GBTA survey, over three-fourths of global travel managers expect the number of business trips taken by employees to be higher, with 85% of travel suppliers expecting their corporate client bookings to be higher this year. Some travel industry experts from India say that it could account for well over a third of the total outbound travel from India. Singapore has been one of the earliest beneficiaries of the outbound revival in the region; India has been a very important MICE source market for Singapore, especially in the M&I space. Requirements of MICE travellers are also evolving, and they are looking for new ways to conduct their meetings, and …