INTERNATIONAL TRAVEL DEMAND
Dabur sees improvement in demand, rural growth in Q1
The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real and Vatika.
Regional airports found wind beneath their wings in FY24
India's hinterland air travel surged last year, driven by civil aviation ministry data and government schemes. Airports like Diu, Pantnagar, Tezpur, and Prayagraj saw significant growth, boosted by the Udan scheme and low fares. IndiGo and other airlines expanded services, with CFO Gaurav Negi highlighting the importance of regional routes for broader networks.
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.
Akasa Air to start flying to Abu Dhabi from Jul 11
Akasa Air started international services with flights to Doha in March. It has also announced flights to Jeddah and Riyadh. It also has traffic rights for Kuwait, and Medina.
Expect improvement in occupancy vis-a-vis the previous year from Q2: Patanjali G Keswani, Lemon Tree Hotels
While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.
Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International
Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
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Demand momentum to sustain in travel industry for 4-5 yrs: Thomas Cook's Madhavan Menon
The travel industry is expected to continue growing at a steady pace for the next four to five years, according to Madhavan Menon, executive chairman of Thomas Cook (India). Menon believes that the increasing purchasing power of people who can afford holidays, regardless of the cost, will continue to drive the growth trend. He believes that the Covid-19 pandemic has triggered an evolution in travel and taught companies the importance of productivity.
India launches trusted traveller programme for faster immigration
Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said.
Airport industry's pre-tax profit to grow 35% in FY25, CAPA India says
India's airport industry is expected to see a 35% rise in pre-tax profit for fiscal year 2025, driven by strong demand for air travel, as estimated by aviation consultancy CAPA India.
Emirates boss says India’s protectionist stance will be detrimental to economy
Emirates president Tim Clark opposes India's protectionist stance to favor its carriers. The UAE requests more seats, Air India supports the move post-Tata takeover, and IndiGo ventures into long-haul travel with Airbus aircraft.
Ambanis’ pre-wedding tour expected to add steam to demand for cruise celebrations
The Ambani pre-wedding cruise celebration is set to boost demand for cruise weddings in India, with industry insiders like Cordelia Cruises and Lotus Aero Enterprises noting the allure of all-inclusive packages and mesmerizing ocean views.
Average air ticket prices spike 9 pc in Jan-March period: FCM Travel
International air capacity has also increased 14 per cent due to India's growing aviation sector, Sodhi said, adding that average international airfares have softened 15 per cent, which is a general global trend of yields decreasing across airfares.
Airfares peaking as travellers in Europe, Asia seek savings
Airfares in Europe and Asia are plateauing or declining, signaling a slowdown in post-COVID travel demand. Airlines are facing challenges with higher costs and limited aircraft availability.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
Oil prices little changed as markets look to OPEC+ meeting
Oil prices in holding pattern ahead of OPEC+ meeting on June 2 to discuss maintaining output cuts. Brent crude contract inches up to $82.23 a barrel in early Asian trading.
What holiday plans? Indians tripping on last-minute rush
Indian travellers are increasingly opting for last-minute bookings for both domestic and international destinations due to factors like more visa-free options, lower average age of travellers, rising disposable incomes and availability of spontaneous booking choices.
Swiftly Soaring: Taylor Swift's Eras tour sparks surge in European air travel for upcoming summer season
Taylor Swift's Eras tour is significantly impacting travel and the economy, causing a 25% increase in demand for flights to European destinations like Lisbon and Madrid. United Airlines and Delta plan to fly around three million passengers over Memorial Day weekend, a 5% rise from last year. Tourism is expected to surge as American fans flock to cheaper European concerts, with ticket prices exceeding $1,000 due to high demand and strict resale rules. Milan saw a 45% rise in passengers for Swift's July concert debut.
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.
China to allow visa-free entry for foreign tour groups arriving by cruise ships
China is set to allow visa-free entry for foreign tour groups arriving via cruise ships, aiming to boost inbound tourism. Effective from May 15, groups can stay up to 15 days without a visa, entering from 13 ports. The move supports the cruise industry and enhances people-to-people exchanges.
Nevermind those EVs — oil demand keeps growing
Oil demand concerns persist as Brent crude prices have been fluctuating. Gasoline consumption are rising despite push for electric vehicles.
China willing to help Indian firms to cater to its market demand: Envoy Xu Feihong
China's new envoy to India, Xu Feihong, has stated that the Chinese market is open to all countries, including India. He emphasized that Beijing understands India's concerns over its burgeoning trade deficit and is willing to help Indian companies tap into the Chinese market. The trade deficit reached USD 101 billion in 2022, crossing the $100 billion mark. Xu reiterated that China understands India's concerns and is not seeking a trade surplus.
Sonata loses tempo on weak demand; mid-term view hazy
With over $ 1 billion or Rs 8,613 crore in FY24 revenue, Sonata generates over two-third of revenue from the domestic products licensing and related services and the remaining from the international IT services across verticals including travel, manufacturing, retail, healthcare, and banking, financial services and insurance.
TBO Tek riding high on growth in travel and tourism, but issue looks a bit pricey
It will also raise up to Rs 1,151 crore through an offer for sale by promoters and investors. The promoter group’s stake will fall to 44.4% after the IPO from 51.3%.
Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
Dubai International Airport will move to Al Maktoum International Airport at Dubai World Central, costing $35 billion. Sheikh Mohammed bin Rashid Al Maktoum's announcement highlights Emirates' importance in Dubai's economic recovery.
Seeing rise in demand for sports tourism owing to upcoming T20 World Cup, Olympics: Aditya Agarwal, Cleartrip
One thing common to a lot of these places is that they have made it much easier for Indians to travel either by providing visa-free travel or making it much-much easier for Indians to obtain visas so that is becoming a big spur in demand.
Travel, with care for local concerns
Spain's economy thrives on tourism revenue, but resident anxiety grows. UNWTO forecasts 1.3 bn arrivals. Challenges arise in urban areas from tourism influx, stressing the need for balance.
Solar eclipse boosts travel as Americans chase rare celestial event
The upcoming solar eclipse drives high demand for lodging and travel in the United States. Airbnb, AirDNA, and Hertz report significant surges in bookings and prices, with international visitors flocking to witness the celestial event.
Airlines struggle with lack of planes as summer travel set to hit record levels
Passenger carriers will receive 19% fewer aircraft this year than they expected because of production issues at Boeing and Airbus, said Martha Neubauer, senior associate at AeroDynamic Advisory. U.S. carriers will receive 32% fewer aircraft than planned a year ago because several airlines depend on Boeing's 737 MAX planes
Airfares set to rise as Indian travellers brace for a hot summer of travel
Uttarakhand received 4 million, 7.5 million and 8.3 million tourists in April, May and June, respectively, last year. The Himalayan state expects to surpass last year’s performance this summer season, said Sumit Pant, director of marketing and publicity at Uttarakhand Tourism Development Board. Bookings are “very healthy” on all leisure routes, both domestic and international, said an official, who heads sales at an airline.
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