RECORD TRAVEL
Is it a good idea to get a personal loan for travel?
IndusInd Bank's instant personal loans for travel offer competitive rates, higher loan amounts, flexible tenures, and instant approval. Manageable EMIs, an EMI calculator, and quick access for emergencies aid financing. The versatile loan covers all travel needs, improves credit scores with punctual repayments, supports last-minute plans, and ensures financial health, making vacations stress-free and memorable.
Techie takes revenge: Launches website to expose airlines after girlfriend's lost luggage
Pieter Levels, frustrated by his girlfriend's lost luggage incident with Vueling Airlines, launched luggagelosers.com. This innovative website ranks airlines based on their rates of lost baggage using real-time data sourced from social media. The initiative aims to empower travelers with information while advocating for improved baggage handling standards across the airline industry.
Bot voyage: Can GenAI-based innovation ease turbulence in air travel
India's aviation sector embraces cutting-edge AI solutions to enhance customer experience, optimize operations, and propel efficiency, revolutionizing the industry dynamics.
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.
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.
Why it feels like everyone in the world is heading to Japan right now
Tourism in Japan is booming like never before, with a historic collapse of the yen making travel cheaper. Over 14.5 million visitors arrived in the first five months of 2024, a 70% increase from last year. The weak yen has made everything from dining to hotel stays more affordable.
Oil prices edge higher as supply risks mount
Oil prices responded to geopolitical tensions and supply disruptions, with concerns over fuel demand dynamics. The market saw gains in Brent and WTI futures amidst heightened uncertainties, while attention remained on the impact of geopolitical conflicts on oil supply. Anticipation of increased gasoline consumption over the July 4th weekend offered some relief amid persisting demand challenges.
When will Carin Leon begin Boca Chueca Tour 2024? Know about deal he has signed with Virgin Music Group and Island Records
Popular regional Mexican musician Carin Leon has made a new deal with two other well-known companies. Six of Leon’s songs have reached No. 1 on Billboard's Regional Mexican Airplay chart.
Tourists keep disappearing in Greece. What to know as death toll from heatwave rises
Deadly heatwaves are scorching cities on four continents, highlighting the severe impacts of climate change. Record-breaking temperatures could make this summer the hottest in 2,000 years, surpassing last year's record.
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.
Bookings for no-visa destinations observes rise among Indian tourists this summer
Bookings for visa-free destinations from India are surging this summer, driven by young Indians. Airbnb reports 80% of bookings in Thailand by Indian guests are from Gen Z and millennials, with searches increasing over 200% during Easter and Holi long weekends.
Wait for Ixigo to list before taking a call
Le Travenues Technology, the promoter of Ixigo, is raising ₹740 crore through an IPO, with a fresh issue of ₹120 crore and an OFS of ₹620 crore.
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.
Travel platforms see bookings hot up for chilly destinations
Travel companies are experiencing a surge in bookings as extreme heatwave conditions drive people to cooler destinations like Kullu, Manali, and Ladakh from Delhi. Flight fares to Leh have increased by 54%, with searches for last-minute escapes also rising.
Temperature surges, so does summer travel this year
According to MakeMyTrip's summer travel trends, the family travel segment has grown by 20% this year, as compared to the summer of 2023, while solo travel grew by 10% over last year's numbers. In terms of most booked holiday packages this summer, destinations with cool mountain terrains are the top picks with Himachal Pradesh, Kashmir, Goa, Kerala and the North East emerging as most sought after places.
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.
Thomas Cook India Group reports net profit of Rs 271 cr for FY24
On a quarterly basis, Thomas Cook India Group reported a total income of Rs 1693 crore for the quarter ended March 31, up from Rs 1324 crore. The company reported a net profit of Rs 58 crore for the quarter ended March 31, 2024, up from Rs 10.2 crore for the fourth quarter of fiscal year 2023.
Ayodhya, Lakshadweep record highest growth in searches this summer: MakeMyTrip
MakeMyTrip's summer travel trends reveal Ayodhya, Lakshadweep, and Nandi Hills among the domestic destinations with the highest growth in searches, while Goa remains the most-searched. Puri and Varanasi top the list for pilgrimage destinations, with Ayodhya witnessing a surge in search volumes. Internationally, Baku, Almaty, and Nagoya show significant growth in searches, alongside Luxembourg, Langkawi, and Antalya. Family travel has grown by 20%, and solo travel by 10% compared to last summer.
Soon travel time between Mumbai and Pune to come down to just 2 hours. Here is the latest update
Mumbai-Pune commuters face prolonged travel woes as the crucial cable-stayed bridge, part of the Rs 6,695 crore missing link project, encounters delays. The bridge, initially set for July completion, may extend to March, hindering the anticipated half-hour travel time reduction, as per Mumbai Mirror. Challenges including wind, visibility, and COVID-19 hinder progress. Nonetheless, completion promises smoother travel, bypassing the treacherous ghat section and cutting travel time by 30 minutes.
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