Category Archives: Breaking News (All Categories)

Ebix, Inc, an international supplier of On-Demand software and e-commerce services to the insurance, financial, e-governance and healthcare industries, has acquired India-based CentrumDirect Limited (CDL) that operates in the foreign exchange and outward remittance markets, for approximately US $175 million. CDL will be tightly integrated into Ebix’s Financial Exchange EbixCash offering in India and abroad, with key CDL business executives becoming an integral part of the combined EbixCash senior leadership. Ebix Chairman, President and CEO Robin Raina said, “The acquisition of CDL provides us with new abilities in niche financial exchange sectors while expanding our footprint in India and establishing our EbixCash Financial Exchange as the largest financial exchange in the country. We have been eager to build a strong footprint in India’s airports and shipping ports, as their high levels of customer traffic provide recurring sources of revenue and income for any Financial Exchange. With a long-term presence in 24 international airports, and a few others to be deployed this year, the addition of CDL will substantially extend EbixCash’s branding and leadership position in India’s financial exchange markets.” Raina adds, “CDL already has a strong financial trajectory in terms of top line and operating margins, though we intend to build upon its success through complementary products and operational synergies. I am particularly pleased that the CDL acquisition will also further strengthen our management resources with the addition of CDL’s strong senior leadership team.”

Oman Tourism along with Cox & Kings hosted a networking evening in Delhi and Mumbai recently. Around 40-45 attendees representing the top management and decision makers of various corporate entities were present for this session to discuss Oman emerging as the next big hub for corporate events and MiCE groups. Lubaina Sheerazi, India Representative, Ministry of Tourism, Oman said, “Conducting networking session for corporate organisations gave us an opportunity to showcase to them various MiCE offerings. For this, we feel privileged to be associated with Cox & Kings who bring along their expertise. Being a short-haul destination from India, with excellent air connectivity from major Indian cities, world-class hotels and easy availability of Indian food, Oman makes an ideal MiCE destination.” Khalid Al Zadjali, Director, Oman Convention Bureau said, “With new international hotel chains that have recently opened in Oman and many more to launch soon, we are seeing a considerable increase in the number of rooms and venues in the country. The recent revision in visa regulations (granting of Visa on Arrival for non-sponsored tourist visa for certain categories), increasing number of flights from India to Oman, diversification of tourism products and the upcoming phase II of the Oman Convention and Exhibition Centre (OCEC) will bring momentum to MiCE tourism.”

The countries that have seen the greatest growth in flight bookings from travellers in the Kingdom of Saudi Arabia (KSA) in the last 12 months are Egypt, the United Arab Emirates (UAE) and Turkey, according to analysis conducted by Travelport. From April 1, 2017 to March 31, 2018, bookings made in the KSA through all global distribution systems (GDS) to Egypt increased by nearly 190,000, up 17 per cent on the previous 12 months. Bookings to the UAE rose by over 70,000, up 13 per cent, and to Turkey by just over 65,000, up 31 per cent. Matthew Powell, Managing Director – Middle East, Africa and South Asia, Travelport said, “Growth in flight bookings tends to be driven by increased airline capacity, rises in demand from leisure travellers, economic and political advances, which attract more interest in trade and investment, and major construction projects that require large international labour forces. The results we’re seeing here cut across all of these.” Travelport will participate in the Arabian Travel Market in Dubai for the 10th consecutive year. Its stand will include demo pods that allow visitors to experience how the company helps travel agents and airlines drive revenue by delivering intelligence through analytics tools like Travelport Business Insights and Travelport Competitive Insights.

Royal Orchid Hotels adds another property Regenta Central Point in Srinagar to its portfolio. Located at city centre, Regenta Central Point is 12 kms away from the airport and a 10 minute walk from Dal Lake. The four-star property has 46 rooms in a range of options – Deluxe Rooms and Executive Suites with modern amenities. Chander K Baljee, Managing Director, Royal Orchid Hotels said, “We are happy to announce the opening of our new property in Srinagar. Srinagar is a well known travel destination and we are privileged to be associated with this beautiful city. This adds to our expansion plan with prime focus on mid market segment. Currently, we operate 47 properties in 33 cities across the country with close to 3,500 rooms. Following our asset light model we are looking to add 15 more properties for FY19.” The hotel also offers a multi-cuisine all-day dining restaurant, specializing in Kashmiri cuisine and has an outdoor seating arrangement, gymnasium and steam and sauna.”

rooms XML and getabed have announced merger of their businesses. Both roomsXML and getabed are independently owned and have been successfully providing accommodation to travel and wholesale partners in their respective markets. Ruchir Bang, Executive Director, roomsXML commented, “We currently are in a very interesting phase within the travel wholesale industry and certainly see a great future if we have the right mix of passionate team, user-focused technology and strong financials, and that’s exactly what both roomsXML and getabed bring to the table.” He added “This all started with the vision on where we want to see our businesses in future and what growth opportunities we can bring to our valued staff members across offices, rather than just seeing if the balance sheet numbers added up.” Under the new structure, owners of both roomsXML and getabed will continue to play an integral part in running the combined business, with Ruchir Bang as the CEO and Matt Stuart as the Chief Commercial Officer. The remaining senior leadership roles will be announced soon. The joint business will provide significant benefits and scale, which will then be passed on to their customers and suppliers.  As a result of the merger, they now offer a genuine global business with deep penetration in travel agency space across India, Middle East, APAC and Europe. Matt Stuart, MD, getabed said, “This is a hugely exciting time for both getabed and roomsXML. With the accommodation wholesale market evolving rapidly, we needed to ensure that we remain relevant. “

Maharashtra Tourism Development Corporation (MTDC), in association with Global Vipassana Pagoda in Gorai, is looking to encourage visitors across the globe to experience tool of meditation for individual and global wellness and peace. In 2014, the Union Ministry announced plans to develop new Circuits to cover routes of important Buddhist destinations of the country. The Global Vipassana Pagoda in Gorai focuses on the Vipassana form of meditation, which stresses on the systematic investigation of the self, a phenomenon that is unique to the Buddhist tradition. The Pagoda also provides an insight to Buddhism by engaging visitors in a healthy and spiritual way from the hustle and bustle of the city. The Circuits in the coastal area of Nalasopara, Chaityabhoomi in Dadar, the Mandapeshwar Caves in Borivali, the Kanheri Caves in Sanjay Gandhi National Park and the Elephanta Caves are definitely going to increase the flow of tourists in the State. Jaykumar Rawal, Minister of Tourism & (EGS), Government of Maharashtra conveys, “MTDC in association with the Global Vipassana Pagoda is promoting the Buddhist Circuit and wellness tourism in the state. Our aim is to endorse the Buddhist circuit, among other spiritual sites that engage people to experience and learn about the rich legacy through Buddhist monuments.”

The Netherlands Board of Tourism & Conventions (NBTC) has recorded 30 per cent growth from India in 2017 over 2016. Alphonsus Stoelinga, Ambassador, Kingdom of the Netherlands, spoke about this growth in New Delhi recently and said that the numbers of Indians visiting Holland is on a rise and vice versa. He revealed that they are expecting 2018 to record double digit growth as well. Attributing this growth to the increased air connectivity, he said, “With Jet Airways offering direct connections from Delhi, Mumbai and Bengaluru to Schiphol Airport in Amsterdam; as well as KLM Royal Dutch Airlines starting flying from Mumbai to Amsterdam, the number of travellers between the two countries is increasing. Amsterdam is acting as a hub for Indians to not only land in Holland and explore the destination, but also go to other European countries from there, especially with KLM Royal Dutch Airlines offering connections to all of Europe and America. This added with Jet Airways offering connections all across India, is only going to boost the traffic between both the countries.” He also added that this year’s theme for marketing for NBTC would be luxury, and the country has many offerings and experiences for travellers in this segment.

Lemon Tree Hotels announced the formal opening of its new hotel, Lemon Tree Hotel, Siliguri, marking its entry into West Bengal. Carnation Hotels, the hotel management arm of Lemon Tree Hotels, will be managing this midscale hotel owned by Unitech Mercantile. The management agreement was signed by Rattan Keswani, Deputy Managing Director – Lemon Tree Hotels & Whole Time Director – Carnation Hotels, and Binod Kumar Gupta, Co-promoter, Unitech Mercantile. Speaking on the occasion and overall expansion plans across India, Keswani, said, “We are delighted to add Lemon Tree Hotel, Siliguri, West Bengal to our portfolio and look forward to welcoming our guests here. This hotel opening brings us another step closer to our aim of becoming the fastest growing hotel chain in the country. This occasion marks a few firsts for Lemon Tree Hotels (through our management arm, Carnation Hotels) that will be operating in Siliguri.” Speaking on the hotel launch, Parvez Gupta, Co-promoter of Unitech Mercantile said, “This is the first hotel project undertaken by the company. With Lemon Tree Hotels as our partner, we are able to fill the gap for a good branded hotel in Siliguri.” The hotel boasts of a vibrant lobby, innovative interiors and inspiring artwork that make for a setting that is truly refreshing, contemporary and stylish.

In order to attract the growing conferences and incentives segment from India, the Cyprus Tourism Organisation (CTO) is offering attractive financial incentive schemes so that MICE agents and corporates choose Cyprus as their preferred destination. There are broadly four schemes. Speaking about this Michalis Metaxas, Director, Cyprus Tourism Organisation and Cyprus Convention Bureau (CCB) says, “Cyprus is an attractive and competitive destination for the organisation of conferences, meetings and incentive trips. We have four different types of schemes for corporates depending on who they are and what their aim is.” One scheme is for MiCE directed at non-profit organisations, associations and academic institutions for conferences and meetings and licensed tourism and travel offices and companies for corporate conferences and incentive trips. The second incentive scheme is to support conference bidding and sales calls to attract conference and incentive tourism to Cyprus. The bidding for hosting of conferences should be done by non-profit organisations/associations, and educational/academic institutions that will travel abroad in order to bid for the hosting of conferences/meetings of non-profit regional, European or international organisations/associations, or educational/academic institutions on the island. Cyprus also offers incentives for inspection visits of the destination in general, and meeting Cypriot professionals within this field as well as for conducting familiarisation trips to Cyprus for MiCE.  

The Department of Tourism, Government of Rajasthan has signed an MoU with the Federation of Hospitality and Tourism of Rajasthan (FHTR) for organising the ‘Rajasthan Domestic Travel Mart’ 2018. The event will be held from July 20-22 at the B.M. Birla Auditorium in Jaipur. The Department of Tourism will be the host state partner for the event. The MoU was signed between the Additional Director Tourism, Sanjay Pande and the President, FHTR, Bhim Singh in Jaipur. The chief guest on the occasion Chief Secretary, Rajasthan, Nihal Chand Goel said that the primary objective of ‘Rajasthan Domestic Travel Mart’ is to exclusively focus on the domestic tourists within Rajasthan from various parts of India. “The vision 2020 initiated by the CM had an objective of five crore tourist footfall in the state by the year 2020. But we have attained close to five crore tourists in the year 2017 itself and with new initiatives like this travel mart, we’d be able to achieve the set goal and probably outperform our own predicted numbers,” he said. President, FHTR, Bhim Singh said the sole objective is to increase tourism in Rajasthan by organising numerous road shows across the country. The event is also supported by HRAR, IHHA, RATO and ADTOI.