TRAVEL MARKET
NRIs, Indian tourists can now make QR code-based UPI payments in UAE
NIPL and Network International have teamed up to introduce QR code-based UPI payments in the UAE, offering Indian visitors a secure and familiar payment method. The collaboration aims to enhance the payment experience for tourists and NRIs in the region.
Buy RateGain Travel Technologies, target price Rs 900: Prabhudas Lilladher
RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 9477.98 Crore) operating in General sector.
India's tourism sector ripe for the picking: Booking Global CEO
The company, which also operates Agoda, Priceline and Kayak, said the Indian government has launched several tourism projects to improve infrastructure, enhance connectivity and increase access to many of the country's tourist destinations. Additionally, they have also implemented visa-friendly initiatives such as e-visa or visa-free entry to many countries, which has propelled inbound and outbound travel.
Ixigo’s Q4 net profit jumps 55%, triples for full year
Revenue at the online travel booking platform grew at a relatively slower pace in the fourth quarter, given the slowdown in air travel and reserved train ticketing segments.
My first trip to Norway, with AI as a guide
The biggest drawback was the absence of phone apps for Mindtrip and Vacay, which led the author to rely on ChatGPT's basic AI assistant when they needed on-the-spot guidance. Mindtrip, they have since learned, is planning to debut an app in September. Still, there were times when the author desperately craved the human touch. Before setting out on a trip, they always contact friends and colleagues for recommendations.
Air India selects IBS Software's iCargo platform to support expansion of its cargo operations
Air India and IBS Software revolutionize air cargo operations, setting new industry standards and propelling growth with cutting-edge technology.
- Go To Page 1
Oil holds near two-month high on higher demand outlook, possible rate cut
Exciting developments in the oil market as prices hold steady near recent highs, driven by robust demand projections and the possibility of U.S. interest rate cuts. The looming threat of Hurricane Beryl and reduced crude imports into Asia, especially China, add further intrigue to the market landscape.
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.
Buy RateGain Travel Technologies, target price Rs 858: Hem Securities
RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 8668.95 Crore) operating in General sector.
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.
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.
Paytm ties up with Skyscanner, Google Flights, Wego
Paytm co posted 19% y-o-y rise in total flight bookings in March quarter. International flight bookings on the platform rose 15% y-o-y in April. Recently the fintech firm also partnered with Samsung to offer flight, movies and event ticket booking through Samsung wallet. According to a company spokesperson, Paytm aim to deliver exceptional value and best travel experience to its customers.
Is it a good time to buy travel related stocks? Daljeet Singh Kohli answers
But to assume or extrapolate that this similar kind of execution and similar kind of order book will stay for next three-five years which the stock prices are saying, I think that will be too much of expectation.
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
India a big aviation market; good to have stronger Lufthansa-Air India partnership: Star Alliance CEO
CEO Theo Panagiotoulias highlights the importance of a strong partnership between Air India and Lufthansa within the Star Alliance to offer a unique value proposition for passengers in the Indian aviation market.
Corporate travel sees a drop amid extreme weather, election heat
The industry expects corporate travel to pick up soon, with the arrival of monsoon rains, schools opening, and work life getting back to normal after the elections.
Tour de Fabulous: How India’s affluent are seeking extraordinary travel experiences
Personalised travel include things from watching a tuna auction in Tokyo to spending a night at the Palace of Versailles. This trend has led to the rise of luxury travel agencies. A community of about 570 travel agencies and concierges that curate high-end, bespoke journeys has come up.
White collar hiring improving as demand from Oil & Gas, Banking, FMCG sectors rises: Report
White collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed steady improvement, with a 6% increase in May compared to April, driven by Healthcare and Travel and Hospitality. However, overall white-collar hiring was down by 2 per cent year-on-year, with declines in IT, BPO, and Education sectors. Smaller cities outperformed major metropolitan areas, with strong demand for senior professionals contributing to a healthy growth in opportunities.
Gen Z to help India's travel spending expand 9% a year: McKinsey Report
A new McKinsey report predicts India's travel spending to grow at 9% annually driven by strong GDP growth. Domestic air passenger traffic is set to double by 2030, boosting the domestic travel market to potentially become the world's fourth largest.
For women travellers, IndiGo introduces new feature for seat selection
IndiGo introduces new feature for female passengers during web check-in, offering visibility of seats booked by women travelers, aligning with #GirlPower ethos.
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.
IndiGo draws upgrades with focus on yields even as it adds capacity
During FY22 and FY24, IndiGo has been following a clear strategy of expanding capacity at a brisk pace and boosting yield - revenue per km per paid passenger. During this period, the airline has been adding capacity in the range of 22-63% on a year-on-year basis. In the same period, yield jumped 19% to ₹5.08 per kilometre in FY24.
Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25
Pieter Elbers, CEO of InterGlobe Aviation, highlights IndiGo's unique position with over 50 planes delivered annually. Q4 revenue drivers include Indian market growth and strategic initiatives. He discusses the seasonally weak Q4 yields and predicts similar revenue environment for Q1 FY25. Elbers says their strategy is starting to take shape and resonating very well for all the different initiatives.
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.
Business class coming soon: IndiGo to launch 'tailor-made' product for busiest routes
IndiGo, operated by Interglobe Aviation, announced plans to launch a new customized business product for India's busiest routes by the end of the year. CEO Pieter Elbers highlighted the company's commitment to innovation, aiming to provide more travel options as India's economy grows. The airline saw a 13% increase in domestic passengers, while competitors experienced a 6% decline.
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.
Load More
