INDIANS TRAVELLING ABROAD
Indians up their game on foreign vacations with luxury hotels, formula 1 drives and epic train rides
Indians are driving luxury travel in the Asia-Pacific region, with 89% of them planning to spend more in the next 12 months. This is according to a report released Monday by Marriott International on high networth travellers in the Asia Pacific.
Spend on the world like never before
Indians drive outbound remittances, preferring foreign airlines due to underdeveloped domestic industry. Improving connectivity and tourism infrastructure is vital to boost domestic tourism. Developing skills and promoting gender-neutral employment are crucial for growth in the travel and hospitality sector.
89% Indian high net worth travellers planning to spend more in next 12 months: Report
The Luxury Group by Marriott International's report highlights growing trends in luxury travel across Asia Pacific, driven by high-net-worth (HNW) travelers. Key findings include a significant increase in travel spending, especially among Indians (89%), with 74% preferring to travel within Asia Pacific. Culinary experiences are a top priority for 88% of travelers, and celebrations account for 25% of planned holidays
Indian foreign spending skyrockets 29-fold in a decade
Over the past decade, Indian expenditures on foreign exchange have surged dramatically, increasing from $1.1 bn in FY14 to $31.7 bn in FY24, driven largely by travel expenses. In contrast, remittances from overseas workers into India grew by 71%, rising from $70 bn to $120 bn over the same period. India remains the top recipient of foreign remittances globally, receiving nearly double the amount received by Mexico at $66 bn.
Guyana diaries: Bhojpuri nights, ubiquitous Hindu temples & booming economy
Guyana exudes a strong sense of Indianness that resonates deeply with visitors from India, particularly noticeable in Georgetown, its capital and the only English-speaking country in South America. The Providence Cricket Stadium greets visitors with a prominent "Bhojpuri Nights" banner, reflecting the cultural blend. Nearby, ISKCON stands as one of Georgetown's largest temples, underscoring the presence of Indian culture. Renowned eateries like the one owned by former West Indies cricketer Ramnaresh Sarwan offer a taste of familiar cuisine.
Indians spent over €12 million in rejected Schengen visa applications last year
In 2023, Indians faced high rejection rates for Schengen visas, resulting in a loss of €12.1 million. Schengen states rejected 1.6 million visa applications, generating €130 million. Indians, Turks, Algerians, Moroccans, and Chinese were among the most affected, with Indian and Turkish nationals experiencing the highest financial losses.
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Indian farm labourers march to end 'slavery' after worker death shakes Italy
Thousands of Indian farm laborers in Italy demand an end to "slavery" after the tragic death of Satnam Singh, who lost his arm in a work accident. Exploitation of undocumented migrants in agriculture sector sparks outrage and calls for justice and better working conditions.
Is buying just hotel stocks better or a collection of stocks which gain from travel hungry Indians? 17 stocks from the whole tourism ecosystem
There can be a debate on whether, after the run up that hotel stocks saw in the last three years, are they cheap or not, and whether one should buy them now. But when it comes to tourism and the possibility that it will grow at a much faster rate, there is little room for debate. Now the question is if one buys only one set of stocks, for example hotel stocks, they come with their own plus and minus, right from the business risk of that industry to the fact that in tourism business, there are many segments, so there is a premium segment, there are travelers who travels by train and stay in medium size hotel which are not even listed. But then he has spent money in booking his ticket which has been captured on a railways ticketing platform. So, why not have that railway ticketing platform in a small portion of the portfolio.
Travel dominates forex spending abroad: RBI data
Outward remittances from India under the liberalised remittance scheme fell by 2% year on year. Travel was the largest chunk of foreign currency outflows in April, with maintenance of close relatives being the second largest reason for remittances. Indians spent $31.7 billion overseas under the LRS in the fiscal ended March 2024.
5 rules for safety & well-being of international students in the US
Exploring a study abroad journey offers international students opportunities for growth and enrichment. Safety is crucial amidst the excitement of new experiences, with five essential rules highlighted for students' well-being.
Indians can visit 62 countries visa-free: What to see and how much it will cost
India's passport has advanced to the 80th position in the latest Henley Passport Index. This new ranking permits Indian citizens to travel to 62 countries without needing a prior visa. Here is what not to miss in each country, and how much a one week long holiday will cost you. *flight fares not included
Indians can now visit 62 countries visa-free; Check the full list to know more
India's passport has advanced to the 80th global position, per the Henley Passport Index. This newfound status allows Indian citizens visa-free travel to 62 countries, simplifying their exploration. Notable countries topping the index are France, Germany, Italy, Japan, Singapore, and Spain, granting their citizens access to 194 destinations without visa hassles. The United States holds the seventh spot with entry to 188 countries.
Southeast Asian nations top choice for Indians travelling abroad this summer: Survey
Southeast Asian countries are top choices for Indian travelers for short vacations, with Bali, Pattaya, and Bangkok being popular destinations according to the OYO Global Summer Vacations Travelopedia 2024 survey. Europe and the United States are preferred for longer stays. OYO Founder and CEO Ritesh Agarwal highlighted the convenience for Indian travelers.
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.
Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?
Aspiring to pursue higher studies at prestigious universities like Harvard, Cambridge, Stanford, Oxford, MIT, and others is a common goal for many Indian students. However, achieving this aspiration often presents numerous challenges. Before making a final decision about studying abroad at these highly sought-after destinations, it's essential to carefully consider various factors. Let's explore the key considerations for Indian students aiming to study in these top 5 destinations.
It's also the journey, not just destination
Reaching this figure would have taken a whole year to achieve about a decade ago. Annual data for remittances reveals a significant rise in overseas travel spending, which reached $17 bn in FY24, an increase of more than 24.5% over the $13.6 bn in the previous year. In comparison, India's inbound tourism earnings in 2023 were $28.07 bn.
Indians break records with $31.7 billion overseas spending in FY24; international travel biggest expense
The Liberalised Remittance Scheme (LRS) witnessed Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. The data reveals a surge in international travel spending, surpassing education expenses. Travel expenditures accounted for 53.6% of LRS spending, marking a significant shift from pre-pandemic trends.
South Korea could be the next big study abroad destination
South Korea's popularity in India is growing, driven by its diverse cultural appeal and increasing interest from Indian students. Scholarships from the South Korean government and universities attract international students. The country is becoming a favorable destination for businesses due to regulatory advantages.
Country depends on tourism; 60 pc people come from India: Sri Lankan MP V Radhakrishnan
Sri Lankan MP V Radhakrishnan said that tourism is a major reason for the two nations' positive ties. Sri Lanka is reliant on travel. About 60% of the population is Indian. Sri Lanka is now experiencing economic growth. In the future, the two nations ought to collaborate, particularly in the travel and tourist sector."
You can use PhonePe on your next trip to Sri Lanka
Indian fintech giant PhonePe has launched its UPI services in Sri Lanka, enhancing cross-border fintech connectivity. The event was attended by dignitaries including the Central Bank Governor and India's High Commissioner. This milestone partnership with LankaPay enables Indian visitors to make secure UPI payments in Sri Lanka, promoting digital transactions and financial integration between the two nations.
Sri Lanka extends visa-free access for Indian tourists
Sri Lanka has renewed visa-free entry for tourists from India and six other countries to boost tourism industry recovery post-pandemic and economic crises. The initiative aims to enhance accessibility and convenience for international travelers, signaling the government's commitment to promoting tourism and creating seamless travel experiences. Online visa application process introduced for security checks.
How Columbia University's complex history with the student protest movement echoes into today
College students at Columbia University are taking part in pro-Palestinian demonstrations, echoing a long-standing tradition of activism at the prestigious institution dating back to 1968. The recent arrests of over 100 students have sparked protests at campuses nationwide. However, these actions have faced criticism for alleged antisemitism, leading to tensions on campus and calls for increased security measures.
Nearly 50% Gen Z Indians ready for their first independent abroad trip: Survey
A survey conducted by Skyscanner reveals that nearly 50% of Gen Z individuals in India are planning their first independent international trip, with over 80% of them waiting to embark on this journey until after receiving their first paycheck. Financial independence is a crucial factor for them, with 81% opting to plan their trip after landing their first job or paycheck.
Scholarships to help finance your study abroad: A country-wise guide
Studying abroad offers valuable exposure. Scholarships cover expenses, enabling students to focus on studies and immerse fully. They provide mentorship, internships, and networking opportunities, enriching the educational experience at renowned universities worldwide.
Is the NRI dream fading? Find out how it is becoming more difficult for Indians seeking higher education, jobs abroad
This story is playing out across the most sought-after destinations, such as the US, Canada, UK, Europe and Australia, among others. If you are dreaming of a cosy life abroad for your ward or looking to shift overseas yourself, exercise caution. The grass may no longer be greener on the other side.
More Indians open to travelling solo abroad
Solo travellers represented about 65 per cent of visa applications for the UAE, 60 per cent for Egypt, 40 per cent for Singapore and 45 per cent for Vietnam, according to a report by online platform for visa applications Atlys.
Stay safe abroad: Essential tips for Indian students studying overseas
Studying abroad as an international student in the United States offers exciting opportunities but also requires prioritizing safety amidst recent incidents. Universities provide guidelines for maintaining well-being.
Indian embassies abroad to help tourism tick
The planned initiatives in these regions include organising B2B (business-to-business) activities and India evenings where key tourism stakeholders would be invited; lots of roadshows, events, and virtual and physical marketing activities; and targeted India-specific campaigns, the official said.
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