Tag Archives: Digital Travel

The second day of FICCI Digital Travel, Hospitality & Innovation Summit 2018 focused on start-ups and what investors look for before they fund new businesses. Two sessions were held on investments, acquisitions and start-ups, followed by another start-up pitching session. The first panel discussion titled ‘The Future of consolidation, Merger & Acquisition & Foreign Investments in the Travel Industry’, was moderated by Alok Mittal, Founder & CEO , Indifi Technologies. The panel included Matt James,  Senior Manager, Corporate Strategy & Business Development, Amadeus Asia Pacific; Ankush Nijhawan, Co-Founder, TBO Group; Vikram Gupta, Founder & Managing Partner, IvyCap Venture; Tej Kapoor, Managing Director & Head, Fosun RZ Capital India; and Bhavik Vasa, Chief Growth Officer, EbixCash. The panelists discussed what it takes to attract investments and how they judge ideas to put money into them. The second panel, ‘Learning Through Peers : Case studies of  successful travel start-ups’, was moderated by Ashish Kumar, Co Chairman, FICCI Travel Technology Committee & Managing Partner, Agnitio Consulting. The panelists included Sakshi Vij, Founder & CEO, Myles; Anirudh Gupta, Co-Founder, Tripoto; Stephanie Strunk, Community Manager, Corporate Startegy, Amadeus Asia Pacific; Aishwarya Kachhal , Co-Chair, Harvard Business Alumni Angels India and Rajiv Malhotra, Founder, Hotel Launcher.

FICCI and KPMG India have jointly unveiled the knowledge paper ‘Expedition 3.0- Travel & Hospitality Gone Digital’ at the inaugural session of Digital Travel, Hospitality & Innovation Summit. The Knowledge Paper looks at unravelling the technology trends in travel and hospitality segment that will help better define the future of the industry, how digitalisation has impacted the evolution of this industry and what can be achieved by overall technology inclusion across stakeholders in the industry ecosystem. Some of the key highlights of the paper reveal that most travellers go online, and 67 per cent even use voice search for research; 71 per cent use smartphones for research and booking, and 82 per cent prefer digital boarding passes and e-tickets for convenience; 87 per cent use videos and photos posted by friends as part of their travel research while 83 per cent want to be connected while travelling; 85 per cent use price comparison websites to look for deals, and 58 per cent agree spending considerable time to find best price; 91 per cent use review sites; and 75 per cent choose hotels that do not charge for Wi-Fi.  

The Federation of Indian Chambers of Commerce and Industry (FICCI) inaugurated the third edition of Digital Travel, Hospitality & Innovation Summit on March 21, 2018 at Federation House, New Delhi. The two-day summit is part of FICCI’s mandate to further enhance India’s digital drive in the travel and tourism industry. The summit saw in attendance the high flyers of travel and hospitality industry alongside the giants of travel technology from both India and abroad. The summit kick-started with an inaugural session where Ashish Kumar, Co-Chairman, FICCI Travel Technology Committee & Partner Agnitio Consulting, welcomed the delegates and attendees, followed by a special address by Dhruv Shringi, Chairman, FICCI Travel Technology Committee & CEO and Co-Founder, Yatra Online, where he stressed on the new innovations changing the face of the travel industry around the world. This was followed by keynote addresses by Jason Nash, Chief Storyteller, Travelport; Rajesh Magow, Co-Founder & CEO, MakeMyTrip and Pulkit Trivedi, Director Global Sales Organisation, Facebook India.

As part of its mandate to further enhance India’s digital drive in the travel and tourism industry, FICCI is set to organise the third edition of Digital Travel, Hospitality & Innovation Summit from March 21-22, 2018 at Federation House, New Delhi. The Summit will witness the presence of who’s who from the travel and hospitality industry, and will cover various topics related to the future of travel and innovation. FICCI and KPMG India will also jointly unveil the knowledge paper ‘Expedition 3.0- Travel & Hospitality Gone Digital’ at the inaugural session of the event. The paper looks at unravelling the technology trends in travel and hospitality segment that will help better define the future of the industry, how digitalisation has impacted the evolution of this industry and what can be achieved by overall technology inclusion across the stakeholders in the industry ecosystem. The Summit will also offer an opportunity for travel startups through Travel Tech Launch Pad, a platform for travel start-ups to learn from experts in the field of travel, exhibit their business ideas, and display their products and services in addition to providing a unique opportunity to connect with the right set of ecosystem partners.

The Ministry of Tourism, Government of India, observed that demonetisation did not have any impact on the Foreign Tourist Arrival and Foreign Exchange Earnings. In November, 2016, 8.91 lakh FTAs were recorded as compared to 8.16 lakh in November, 2015, registering a growth of 9.3 per cent. An official statement from MOT claimed, “after demonetisation, the Government has taken a number of steps to ensure that no hardship is faced by the tourists and the industry is not affected. Archaeological Survey of India (ASI) smoothly transitioned to cashless mode of payment by simplifying process of e-tickets. Government efforts have paid dividend as there has been a notable growth in the comparative figures of Foreign Tourists Arrival (FTA) Foreign Exchange Earnings (FEEs) and online sale of e-tickets after demonetisation.” It may also be noted that the number of e-tickets sold during November 09, 2016, to December 08, 2016, increase to 28,176 from 2807 during October 09, 2016, to November 08, 2016, with corresponding amount being Rs 181.49 lakh and Rs 3.10 lakh respectively. It can therefore be seen that sale of e–tickets and earnings from have increased significantly by 10 and 58 times respectively as people are buying tickets for ASI monuments online through cashless payments.

As part of its mandate to further enhance India’s digital drive in the travel and tourism industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) launches its maiden initiative aimed at travel start-ups. ‘Travel Tech Launchpad’ will be a platform that encourages innovation and growth of travel start-ups and will be set up during the second edition of FICCI’s event titled ‘Digital Travel, Hospitality and Innovation Summit’ to be held on March 22-23, 2017 in New Delhi. The summit content has been developed to enhance the potency of travel start-ups, digital tourism and IT-based infrastructure development for the travel and hospitality sector. ‘Travel Tech Launchpad 2017’ is being organised by FICCI in association with Agnitio Consulting LLP, Nucleus Partners, and Charson Advisory. The summit will offer an opportunity for travel startups to learn from experts in the field of travel, exhibit their business ideas, and display their products & services in addition to providing a unique opportunity to connect with right set of ecosystem partners. A number of travel start-ups, hospitality and technology companies from across India and abroad will gather during the summit in addition to the participation of leading investors such as Sequoia, Inventus Capital, Kae Capital and several angel / venture capital firms.