Tourism Breaking News
In a recent report by HVS, a few suggestions have been made to the government to battle the ongoing crisis which includes Policy support, Monetary support, Fiscal support and Direct support to revive demand. In ‘Fiscal support’, the report recommends to provide a 12-month corporate tax holiday to travel, tourism & hospitality sector. It also suggests to defer all statutory dues such as advance tax, custom duties, exercise duties, PF, bank charges etc at central and state level for 12 months.
Breaking News
- We face challenges when approaching the govt regarding policy issues, regulatory bottlenecks due to lack of data: FHRAI
- Delhi had most weddings with 30,000 in November 2023 energising entire paraphernalia around the industry: Mugdha Sinha
- Sustained demand growth has led to consistent improvements in occupancy rates across key markets in September 2024: HVS Anarock
- VFS Global wins global tender to provide Finland visa services in 32 countries, including India
- We must triangulate data from industry bodies, international organisations to truly understand dynamics of tourism and hospitality: Suman Billa
- 73% of Indians are using travel credit card rewards, airline miles or loyalty points to manage costs, maximise value during holidays: Amex
- IHCL to skill 1,00,000 workers by 2030 to address talent shortage in the hospitality industry
- Europe a tough market for transporters, hope to support the industry, says winner of ‘Best Transporter – Europe’ Akash Chhabra of Sasta Europe
- ‘Best Customised Tour Operator’ award winner at ITA, Get Set Go Travel sets new benchmark for competitors
- IndiGo to launch flights to Penang & Langkawi in Malaysia, expanding footprint in 40 destinations: Pieter Elbers
- Tourism contributes 5.6% to India’s GDP, need to double it in next 10 years by investing aggressively: Suman Billa
