Tourism Breaking News
India ranked eighth in the world in 2017 in terms of absolute direct contribution of travel and tourism sector’s to its GDP, according to World Travel & Tourism Council’s (WTTC’s) Economic Impact 2018 report. It is the third largest foreign exchange earner for the country. The tourism and hospitality sector’s direct contribution to GDP in 2017 was Rs 5.94 trillion (US$ 91.27 billion). This is expected to reach Rs 12.68 trillion (US$ 194.69 billion) in 2028, implying a CAGR of 7.23 per cent during 2012-28.
Breaking News
- 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
- IHG Hotels & Resorts to double presence in India with 100 operating hotels in 5 years
- 60% of APEC Gen Zs and Millennials are actively subscribed to loyalty programmes: Marriott Bonvoy survey
- Palladium Hotel Group debuts in Middle East on Al Marjan Island with more than $100 million in investment
- IHCL opens 95-key Vivanta hotel in Jamshedpur, Jharkhand
