Tag Archives: Naveen Kundu

Speaking at a hospitality event, Naveen Kundu, MD, Ebixcash Travel Services, said, “India is an emerging source market for sports tourism. The global sports tourism market was valued at US$600 billion in 2022 and is expected to expand at a CAGR of 18 per cent from 2023 to 2023.”

Calling India the second-largest producer of films and OTT content after Hollywood, Naveen Kundu, MD, Ebixcash Travel Services, said, “The film tourism market is anticipated to increase at a high CAGR of 6.8% during 2022 to 2032 and will boost filming, driving tourism to lesser-known Indian destinations. As per a report, it could generate $3 billion in revenue for India and boost tourism by 31% on average, with some locations seeing up to 300% growth.

Eraaya Lifespaces’ subsidiary, EbixCash, has delivered outstanding performance for the quarter ended December 2024, achieving a Gross Merchandise Value of ₹10,030 million, net revenue of ₹1,110 million, and a healthy EBITDA of ₹75 million. Mercury, encompassing corporate travel, MICE, luxury trains, and Swiss travel contributed ₹585 million in revenue.

Naveen Kundu, MD, EbixCash Travel, said, “The size of the MICE market is about 30 million today, including domestic and international. Therefore, there is a huge potential for the organised M!CE industry to come together, collaborate, innovate, and then handle the entire mammoth business that is coming our way.”

Naveen Kundu, Managing Director, EbixCash, said, “With all the macro-economic indicators, ongoing infrastructure development, and the government’s vision will position India as an ideal and forefront M!CE destination for businesses all over the world soon.”  

Naveen Kundu, MD, Ebixcash predicts that India will have a vast network of convention centers in 30 cities over the next decade, which will be a great attraction for global incentive travel, meetings, and conferences. Kundu highlighted India’s flourishing exhibition market and said, “It is very optimistic that India is going to be a booming MICE over the next 10 yrs.”

Naveen Kundu, Managing Director, Ebixcash Travel Services, has said that they are currently in the process of building our global MICE platform, following on from our achievements last year.

Naveen Kundu, Managing Director, EbixCash said, We have launched an entire cruise division. Cruises are going to be a big focus area for us this year and we are working with the government on various projects on this.” 

Naveen Kundu, Managing Director, EBIXCASH Travel Services said, “A lot of Tier 2 and Tier 3 cities in India should be developed for MICE. I firmly believe, India has the potential to give the world 100 wonderful cities for MICE and the world should look forward to it.”    

Naveen Kundu, MD, Ebixcash Travel & Holidays said, “With the G20 Presidency of India in 2023, there are a huge expectation. It’s a challenging time and G20 will test the tourism infrastructure and the tourism development of this country.”