EMPLOYMENT IN TOURISM SECTOR
How India can leverage its cultural riches to stimulate its economy
India's cultural heritage is being recognized as a potential driver for economic growth, with efforts being made to leverage traditional industries and tourism. Government initiatives, like the redevelopment of Ayodhya and Kashi Vishwanath Temple, are yielding positive results in terms of increased visitors and revenue. Prime Minister Modi's focus on promoting Indian culture globally through initiatives like Tamil Cultural Centers and showcasing heritage on the G20 platform is notable. The goal of developing a comprehensive Cultural Economic Model to propel India's economy towards development by 2047 is being emphasized, with the potential to serve as a blueprint for other countries.
Budget 2024: Top three moves that NDA govt must consider for employment generation
Budget 2024: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on July 23 in Lok Sabha, kicking off the parliamentary session running from July 22 to August 22. The upcoming budget under the NDA government is anticipated to prioritize sustaining economic growth, promoting job creation, and adhering to fiscal deficit targets.
India’s burgeoning adventure tourism faces problems that, if not fixed, will kill this golden goose
India has vast adventure tourism potential due to its diversity of geography and opportunities. But many trek operators are doing good business but, unfortunately, cutting corners on the crucial issue of trekkers' physical safety, neglecting to check fitness levels, employ trained staff or adequately warn customers that while adventure tourism can be thrilling, they can kill people if certain protocols are not followed.
Foreign arrivals clocking 300% rise YoY in Kashmir: LG Manoj Sinha
Jammu and Kashmir has seen a 300 per cent annual increase in foreign tourists, attributed to the administration's policies and industry stimulus. Lieutenant Governor Manoj Sinha called for strategic collaborations between the administration, community, and travel industry to enhance tourist experiences. He also urged experts to explore adventure, border and heritage tourism, offbeat destinations, golf, bird-watching, and agro-tourism.
Will prefer to focus on domestic sectors vs external facing sectors: Sunil Koul
I mean there is obviously the broader structural kind of under penetration story behind it, but I think the sector had not done well in the last a couple of years because of these issues and both in terms of numbers but also in terms of the regulatory overhang.
DGCA revamps seaplane regulations to boost sustainable operations
Under the new regulations, pilots holding a Commercial Pilot License can now qualify as seaplane-rated pilots by completing training at any International Civil Aviation Organization (ICAO)-recognized training organization globally. This change not only eases the pathway for pilots to acquire necessary qualifications but also broadens the pool of eligible pilots, experts say.
- Go To Page 1
General elections 2024: A weaker mandate to impel policy reset
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
India has made huge strides, but the new govt still has a lot to do
The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.
BJP policies have caused huge losses to small businesses: Priyanka Gandhi
Priyanka Gandhi criticised BJP for causing losses to small businesses through policies like demonetization and GST during a rally in support of Congress candidate Vikramaditya Singh in Mandi. She spoke about the high unemployment rate and pledged to strengthen small businesses if elected. She accused BJP of favoring big billionaires over small enterprises. She also criticised the Agniveer scheme for not providing martyr status to soldiers.
Thailand extends visa stays for tourists and students
Thailand boosts economy with extended visa stays for tourists, students, remote workers, and retirees. More countries qualify for longer stays, easier entry, and relaxed insurance requirements. Aim to attract diverse visitors, boost tourism sector, and reach record 40 million arrivals, generating significant revenue for economic recovery.
Tamil Nadu government warns job seekers about recruitment scams in Southeast Asia
The Tamil Nadu government has warned aspiring job seekers about unscrupulous recruitment agents promising jobs in Southeast Asia. Recent rescues of deceived youths highlight the dangers of illegal activities and human trafficking. Authorities stress the need to verify job offers and ensure proper documentation before traveling abroad for employment.
Hospitality beyond the usual hotspots
India's hospitality industry is expanding its tourism portfolio, despite limited availability in urban areas. The country's geographical diversity has limited tourism potential, putting strain on existing infrastructure and leaving many areas underserved. The industry is now focusing on newer, riskier locations to meet service quality expectations of a growing number of travelers. The scale of the sector allows for distribution outreach with local government support, easing the financial burden on states.
Growth momentum likely to stay in Q1FY25: FinMin
The finance ministry's April report predicts strong economic activity in FY25, with rising industrial activity and fixed investments. Positive macro-economic indicators include a bright manufacturing outlook and improved services sector, supported by increased capacity utilization and EPFO data.
Why Mark Mobius will be looking at largecaps going forward
Mark Mobius discusses the potential of largecaps in India, particularly in the infrastructure and power sectors. He highlights NHPC's entry into hydropower and emphasizes global growth opportunities, while addressing the valuations of public sector entities. Mobius suggests one should keep some cash on the side in the event of a correction where you can buy at much lower prices.
Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD Puneet Chhatwal
Indian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal discusses the company's plans to capitalize on opportunities in the travel and tourism sector, targeting Tier II and Tier III markets and foreign tourist arrivals.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
Manipur's proactive initiatives to rebuilding lives and communities affected by the conflict
State Government of Manipur initiates diverse relief efforts, including skill training in hospitality and healthcare restoration for ethnic conflict victims. Emphasis on long-term solutions to foster societal well-being and economic growth in the region.
Travel, tourism sector expected to add 5.82 cr jobs in India by 2033: NLB Services
The travel and tourism sector is poised for significant growth, expected to create 5.82 crore jobs in India by 2033. Despite challenges, the sector saw a quick recovery post-pandemic. In 2020, it accounted for 39 million jobs, constituting 8% of the nation's workforce. Talent demand in tourism surged by 44% in August 2023, with 1.6 million additional jobs expected in 2023. This growth trend is projected to continue, with the sector set to add 58.2 million jobs by 2033.
Religious Tourism spots like Varanasi and Ayodhya may soon outshine Goa and Agra
India experiences a surge in religious tourism post-COVID. Kashi Vishwanath corridor boosts UP tourism with 10 crore tourists in 2023. The golden triangle of Ayodhya, Prayagraj, Varanasi emerges as popular destinations.
Envisioning a career in travel and tourism? Check out this quick know-how guide
The travel and tourism industry in India offers diverse career opportunities, with companies seeking talent in various sectors. Skills like communication, problem-solving, and industry knowledge are vital for success in this dynamic field.
Flexi staffing industry grows 3.6 pc in December qtr FY24 : Report
The Indian Staffing Federation reported a 3.6% industry growth in December quarter FY24, reaching Rs 1.34 lakh crore. Flexi workforce demand remained high, especially in sectors like e-commerce and manufacturing.
Tourism and Hospitality Skill Council unveils report highlighting sector's demand and skill gap
The Tourism and Hospitality Skill Sector Council (THSC) has released a report on the Demand And Skill Gap, estimating that 5.7 million youth could be trained to meet an expected incremental labor demand of 3 million workers between 2025-2028. Challenges such as low wages and long working hours deter youth from continuing in the industry. The report was unveiled by Atul Kumar, secretary, Ministry of Skill Development and Entrepreneurship, and highlighted the need for skills like problem-solving and communication.
Tourism, hospitality sector expected to create 50 mn jobs in 5-7 yrs: HAI
Earlier in the day, India's G20 Sherpa Amitabh Kant had asked the hospitality and tourism sector players to tell politicians about the creation of 25 million jobs by 2030 while seeking their help for the demand of industry and infrastructure status.
Amitabh Kant asks hospitality players to tell politicians about 25 mn job creation by 2030 to help get industry status
India's G20 Sherpa Amitabh Kant has called on hospitality and tourism sector players to inform politicians about the creation of 25 million jobs by 2030. He believes that the tourism industry has not been able to convince politicians that it is a significant job creator. Kant suggested that if the target is put before the political system, they will do everything possible for tourism.
Buzz in travel sector leading to more hiring in senior leadership level
The surge in travel post-pandemic has led to a rise in travel employment, with a 37% increase in travel sales and a 179% increase in outbound tourism from India. This has resulted in a demand for senior leadership roles in the travel sector, particularly CEOs and CXOs. The industry is expected to contribute $250 billion to India's GDP by 2030 and create employment for 137 million individuals.
Ram Mandir to help create up to 2 lakh jobs around Ayodhya in 4-5 years, says Betterplace
Consumer goods companies and food service chains are increasingly strengthening their presence in the area, creating more employment opportunities, as they see Ayodhya as a branding and marketing hotspot. “Going forward, Ayodhya will become a major pilgrimage centre and will receive millions of people every year. This will provide opportunities for creativity and creating new consumers,” said Sanjiv Mehta, former CEO of HUL.
India’s tourism and hospitality sector saw 50% jump in hiring in 2023
Indeed’s quarterly tracker also shows that blue-collar hiring in the industry saw an overall 8% increase compared with the year-ago period. "The rise not only signals a noteworthy post-pandemic recovery but also reflects a promising future for the industry, while underscoring the job market's adaptability and resilience in the face of evolving global trends," the company said in a release on Wednesday. The surge in hiring was led by Delhi NCR, Mumbai, Bengaluru, Pune and Kochi.
Hospitality sector gets its mojo back after Covid lull as jobs zoom 271%
The tourism sector's surge after the Covid-19 pandemic has led to a significant increase in hospitality hiring, with entry-level jobs experiencing the sharpest surge in the last two years. Apprentice and trainee hires have seen a 54% CAGR rise in the last two years, while hiring in the hospitality sector rose by around 271%.
Load More
