Tourism Breaking News
The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. Airline industry net profits are expected to reach US$25.7 billion in 2024 (2.7% net profit margin). That will be a slight improvement over 2023 which is expected to show a US$23.3 billion net profit (2.6% net profit margin).
Breaking News
- After Colombo, ITC Hotels plans to open more properties overseas and 70 hotels in India: Sanjiv Puri
- Passenger traffic growth to continue its momentum in FY2025, rise more than 10% to over 415 million
- India to take 5th place in outbound travel spend and become 3rd largest domestic market by 2027: Bernstein report
- IHCL to relaunch Gateway brand with 15 hotels in tier II & III cities, starting with Bekal and Nashik: Puneet Chhatwal
- India, targeting a 30% market share by FY2032, needs approx additional 60 widebody aircraft: CAPA
- Join a webinar about Eurail passes and learn to book passholder fares with Rail Europe on 30 April at 3pm
- HRAWI proposes to set up bureau to promote Maha as an enticing destination for M!CE events
- UPTCL Indo Jaya Cup, held in Lucknow, will offer opportunities to expand tourism business in UP
- India’s outbound potential and opportunity in transfer traffic via Indian hubs, makes it an exciting long-haul market: CAPA India
- Vistara allows agents to use specific TMC credit cards, more banks to be added to list on TAAI’s request: Jay Bhatia, VP, TAAI
- No active pipeline of hotel development in Delhi to meet increasing demand of incoming air passengers
