Minister of Ports, Shipping and Waterways Sarbananda Sonowal announced the approval ₹645 crore for 10 new waterways projects on Brahmaputra in Assam. The projects include the construction of six tourist jetties in Jogighopa, Tejpur, Bishwanathghat, Neamati, Sadiya, and Bindakota.
Read More »With occupancy demand soaring, Indian hotel industry to generate 7-9 % revenue growth in 2025
As per ICRA, Indian hotel industry is expected to witness a 7-9 per cent revenue growth by the year 2025. The domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (M!CE), including weddings and business travel are likely to drive demand for occupancy.
Read More »8,500-12,500 branded keys required to fulfill demand of surging tourist arrivals in Ayodhya
After the inauguration of Ram temple, Ayodhya is expected to receive 10.61 crore tourists annually by 2031. As a result, Ayodhya will, “require an inventory of 8,500-12,500 branded keys to cater to the soaring demand in the holy city,” as per the report by Hotelivate, a leading hotel management consultancy.
Read More »Indian hospitality industry set for 11-13% revenue growth next fiscal, backed by domestic demand
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.
Read More »Himachal registers 6% surge in tourist arrivals in 2023: 62,806 foreigners among 1.6 crore tourists
Himachal Pradesh witnessed an increase in the number of tourist arrivals despite heavy rainfalls and landslides. As per the state tourism department, 1.60 crore tourists, including 62,806 foreigners, visited the state in 2023 as compared to 1.51 crore tourists, including 29,333 foreigners, in 2022.
Read More »Drop in overseas promotion budget a technical reduction, MOT revamping schemes: DG Tourism
Manisha Saxena, DG Tourism, MOT, said, “The decrease in the budget for overseas promotion is merely a technical reduction. There has been an increase in the allocation for domestic tourism. It is a matter of revamping the schemes and using them in tandem for domestic as well as overseas promotion.
Read More »With only nine concrete constructions, Lakshadweep to focus on eco-friendly projects
As the government buckles up to boost tourism in Lakshadweep, preserving the eco-system of the archipelago is also one of the concerns. Considering that, nine out of all the tourism development projects in Lakshadweep will have concrete construction but all other structures will be eco-friendly.
Read More »Rajasthan attracted 18 crore domestic and 17 lakh foreign travellers in 2023: Govt data
As per Rajasthan Tourism Department, the state witnessed a surge in domestic tourism in 2023, with approx.18 crore domestic and 17 lakh foreign tourists arrival in Rajasthan. The figures for 2021 stood at 2.19 crore domestic and 34,806 foreign tourists, while in 2022, the state welcomed 10.83 crore domestic tourists.
Read More »IATO appreciates increase in budget allocation, suggests organising more international publicity campaigns
Appreciating an increase in budget allocation to the Tourism Ministry in Interim Budget 2024, Rajiv Mehra, President, IATO, said, “Though we welcome the increase in budgetary allocation to ₹2,000cr from last financial year’s ₹1600cr and mention of branding in the budget speech of the FM, we must remember that unless we don’t do roadshows overseas, familiarisation trips and publicity campaigns abroad till then we would not be able to draw tourist to our country.”
Read More »Interim budget: ₹176.97cr proposed for domestic promotions, ₹3.02cr for overseas
According to the detailed Expenditure Profile for Interim Budget 2024-25, total estimated outlay for tourism is ₹2449.62cr. For overseas tourism promotions, allocation is ₹3.02cr vis-a-vis ₹100cr in FY23-24. For domestic promotions ₹176.97cr is proposed, up from ₹95cr in FY23-24.
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