Tag Archives: CRISIL

As per CRISIL’s report, India’s inbound is still healing from the pandemic, with FTA at 90 per cent of 2019 levels in H1 2024. Though, forex eamings have surged by 23 per cent, indicating higher spending per tourist. India must simplify visa process to attract inbound in comparison to global numbers.

In a key development, CRISIL Ratings report revealed that Indian airlines are set to capture nearly 50 per cent of international passenger traffic by FY28 from 43 per cent in FY24. Along with that, the growth in domestic traffic is expected at 10-11 per cent over the same period.  India’s international passenger traffic grew to around 70 million in FY24, from 10 million in FY21.

Ankit Hakhu, Director, CRISIL Ratings, said, “Taking off from the strong base of last fiscal, passenger traffic growth will continue its momentum in fiscal 2025 and rise more than 10% to over 415 million. Continuing economic growth, opening of more airports and improving regional connectivity are providing the tailwinds necessary for domestic traffic growth.”

A CRISIL Ratings analysis of branded hotel companies indicates that the hospitality industry in India is slated for a healthy revenue growth of 11-13% in the next fiscal after a strong 15-17% growth in the current fiscal, backed by steady domestic demand and an expected ramp up in foreign traveller demand.

CRISIL Ratings estimate a rise of more than 20 per cent in the profit of the domestic airline industry in the next fiscal year. The subsequent increase in profit is being accredited to the surge in passenger traffic, the ability to pass on volatile fuel prices to flyers, and reduced fluctuation in foreign exchange rates.