Tag Archives: Revenue

According to CRISIL Ratings, rising domestic tourism and increasing propensity to travel overseas will expand revenue of India’s tour and travel operators by a robust 15-17 per cent this fiscal. The growth in revenue will be on a high base of last fiscal, when revenue jumped ~40% year-on-year to about ₹14,500 crore, surpassing the pre-pandemic peak by ~20%.

The Airports Authority of India (AAI) has registered growth of more than 15% and 22% in its revenues and profits after tax, respectively in the financial year 2016-17 as compared to the financial year 2015-16. While its traditional businesses have grown at a healthy rate, growth in the new businesses and new markets also contributed to its revenues, according to AAI annual report 2016-17. The major factors for hike in revenue are increase in route navigational charges and terminal landing charges; increase in landing, housing and parking charges; increase in passenger service fee; increase in other revenue like trading concession, rent and services, cargo, UDF and other miscellaneous revenue, and increase in share of revenue from Delhi International Airport Limited (DIAL) & Chhatrapati Shivaji International Airport (MIAL).

The fourth edition of the West India Travel Awards recognised and celebrated the achievers in the travel and tourism industry of western Indian region during a shimmering ceremony at Crowne Plaza Ahmedabad City Centre on October 15, 2017. Attended by the moguls of the industry in the region, the chief guest for the evening was Bhupendrasinh Manubha Chudasama, Cabinet Minister, Revenue, Education (Primary, Secondary and Adult), Higher and Technical Education, Legislative and Parliamentary Affairs. Gracing the glitzy event also were guest of honour, Nirav Munshi, Manager (Tours & Travels), Gujarat Tourism and Dr. Marisha Kaul, Gladrags Mrs. India–North along with prominent leaders of the travel industry. Saluting the best in industry for their accomplishments, the awardees of the West India Travel Show were selected based on a unique system of jury judgement and internet voting ensuring a fair and unbiased result