TRAVEL ABROAD
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.
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.
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.
This European country will be the world's most visited destination by 2040
The tourism industry is poised for significant changes by 2040, with Spain projected to surpass France as the world's top destination. A study by Google and Deloitte forecasts emerging middle-class travelers from markets like China and India will boost Spain's ascent, due to its cultural richness, landscape diversity, and tourism investment.
Australian state invites tourists with surprise job offers. Are you ready?
Tasmania's Off Season offers 10 distinct experiences for those seeking a break from routine. From conducting music in caves to exploring paranormal activities at historical sites, these odd jobs promise adventure and creativity. Essential information for travelers includes visa requirements, biosecurity measures, time zone details, and communication options. Enjoy a winter adventure with these diverse experiences!
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.
Travel Insurance: What you need to know before you plan your next international trip
Travel insurance provides coverage for travel risks, including medical support, flight cancellations, and emergency evacuation. It is not always mandatory but advisable for international travel. Policies include trip-wise insurance and group travel insurance.
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.
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.
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.
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.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
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.
Travelling to Europe or the US? It's now a longer flight
Flights from India to Europe/US are facing delays due to geopolitical tensions and safety concerns, resulting in longer routes. While some relief may be possible as airlines consider resuming flights over Iran, but conflict escalation could disrupt plans.
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.
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