TRAVEL PATTERNS
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.
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.
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.
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.
10 Best Travel Pillows under 1000 for comfortable and cozy travelling
In this article comfort meets affordability! Go through this list of our meticulously curated assortment of top-tier best travel pillows under 1000 and make travelling more comfortable and comfy. From state-of-the-art memory foam wonders to effortlessly portable inflatables, this handpicked selection is designed to revolutionize your travel experience by offering unmatched neck support and convenience.
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Top 10 stylish Handbags for women in the UAE
From iconic classics to contemporary designs, the UAE's fashion scene offers a diverse array of handbags to suit every taste and occasion. Explore this carefully selected list of the most coveted handbags. Discover the perfect handbag to complement your wardrobe and make a statement wherever you go in the dynamic fashion landscape of the UAE.
10 Best-Selling Duffle Bags in UAE 2024- Your ultimate travel companion picks
Duffel bags are a useful option whether you're heading out for a quick getaway with friends or working out every day at the gym. You can go through and select from a range of bags with unique characteristics based on your demands. The best options for duffel bags in UAE are listed below to facilitate your shopping experience. Get ready to find your ultimate travel companion!
Top credit cards for international travel: Interest-free cash withdrawal, complimentary airport lounge access
Top credit cards for international travel: The list given below shows credit cards that can help users avail considerable savings on international travel through a low forex mark-up fee, complimentary international airport lounge access, hotel memberships and other benefits.
Plan to invest ₹60,000 cr in airport biz in next 10 years: Adani Ports MD
The Adani Group plans to invest ₹60,000 crore over the next decade in its airport business, excluding the ₹18,000 crore already invested in the first phase of the Navi Mumbai airport. The investment will focus on infrastructure like runways, terminals, and city-side amenities, funded through internal accruals. The group aims to transform its airports into major international hubs, anticipating a significant increase in international travel. Once profitable, the airport business will be listed. With eight airports, the group aims to cater to 250-300 million passengers by 2040, up from the current 73 million across seven operational airports.
Long weekend business booming for hotels, cruises, travel firms
Indians are leveraging every opportunity to take a “minication”, said Rajeev Kale, president and country head for holidays, MICE and Visa at Thomas Cook (India). The company’s data reflects a 25%-30% year-on-year surge for long weekend breaks across both domestic and outbound destinations, he said.
Key takeaways from Trump's big win over Haley in South Carolina
At campaign events, Haley has argued that she, too, takes a hard line on immigration, but Republicans don't seem to be buying it. Trump's campaign this week released a TV ad titled "Weakness" that claimed Haley opposed Trump's so-called Muslim "travel ban" during his administration and questioned the need for a wall along the U.S. border with Mexico.
12 affordable Coffee Mugs starting from just Rs.300 to elevate your sipping experience
In the world of coffee enthusiasts, finding the ideal mug that combines aesthetics, quality, and affordability is a quest worth embarking on. This handpicked selection of 12 affordable coffee mugs, priced at Rs. 300 and beyond, aims to cater to the diverse tastes of coffee lovers. From sleek and modern designs to timeless classics, this collection promises to add a touch of sophistication to your coffee moments without compromising your budget.
Tourism takes a hit in Kashmir, Himachal and Uttarakhand as popular destinations witness no snowfall
Winter tourism faces a setback in Kashmir, Himachal Pradesh, and Uttarakhand due to an unusual lack of snowfall, impacting the economy. The India Meteorological Department reports significant rainfall and snowfall deficits in the Western Himalayan Region. Tour operators, film shoots, and skiing enthusiasts are affected, with cancellations surging. The local economy, including agriculture and horticulture, feels the repercussions. An IMD official notes an extended dry spell, but hope remains for a possible western disturbance. The industry awaits a revival, hoping for a return of the winter charm in these picturesque destinations.
Taylor Swift fans boosts travel demand in Europe
For instance, the demand for flights to Stockholm during May 17-19, coinciding with Taylor Swift's performance dates, has increased six-fold compared to the same period last year, according to eDreams.
Seeing a city from the sky
When one views outside from the aeroplane's window, landmarks become visible, standing tall like beacons welcoming visitors to their destination. The pleasure of seeing a city below becomes a reminder of the vastness and diversity of human civilisation.
Inside the 2024 shopping bag: Where is the Indian consumer headed?
Indian Consumers: While the affluent segment gravitated toward luxury apartments, high-end cars, and premium consumer goods, lower-income brackets grappled with inflation and rural hardships. Sales surged for luxury items, bustling malls and restaurants, alongside a spike in hotel room rates due to heightened demand. Conversely, FMCG cos faced stagnation in selling everyday items like biscuits, soaps, shampoos, and perfumes, yearning for increased consumption rates.
What's in and what's out in 2024: Changes coming in workplace, travel, business and economy
In 2024, workplaces shift towards mandatory office presence, ending remote work era. Travel sees a rise in short trips to visa-free countries. Startups face funding challenges, emphasizing profitability. Hybrid cars dominate the auto industry, and premium experiences and personalised fitness gain traction in consumer trends.
Paytm Travel Recap 2023: Delhi most preferred domestic destination, 70% increase in solo travellers
Delhi emerged as the most traveled domestic destination, capturing the hearts of explorers and culture enthusiasts, while Dubai dominated international travel, showcasing the allure of showcasing the allure of its cosmopolitan charm.
Storm Pia: Met Office issues Christmas travel warning
As Storm Pia intensifies its grip on the northern UK, Christmas preparations are overshadowed by forecasts of 80mph winds and persistent rain, raising concerns about travel disruptions and safety warnings from the Met Office. Amid hopes for a white Christmas, Chief Meteorologist Chris Almond hints at a slim possibility in Scotland, while the majority of the UK braces for a chilly holiday.
India's fuel demand slips in November from four-month peak
Total consumption in November, a proxy for oil demand, fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes in October, the data from the Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed. It was down about 2% compared with the same period a year earlier. "Consumption increased in October due to agricultural demand and as people traveled during the festive season. November is seeing a dip as people reverted to normal activity," said Prashant Vasisht, vice president and co-head, corporate ratings at ICRA.
94,332 Indians visited Singapore in October
"A total of 94,332 Indian tourists visited Singapore in October, up from 81,014 in the preceding month. It took over countries such as Malaysia and Australia," said the data released by the Singapore Tourism Board (STB).
Travel sites told to refund air tickets booked during lockdown
The DoCA told the companies to process the pending refunds by the third week of November, failing which the Central Consumer Protection Authority (CCPA) will initiate legal proceedings in the apex court, including filing of a contempt petition against the defaulting platforms, it said in a statement.
Govt calls meet with airline, travel portal execs on Nov 8
"These complaints are just the tip of the iceberg. We have called a meeting on November 8 to discuss these consumer grievances with all airlines, travel portals and consumer organisations," Singh said. "Airlines say 'free web check-in' but 'seats are paid'. Once a traveller has paid the fare and the airline has issued a confirmed ticket then all the services have to be fair and to the advantage of the consumers. You cannot take consumers for a ride," consumer affairs secretary Rohit Kumar Singh said.
What's free web check-in when all seats are paid? Govt asks airlines, raises concerns over unfair practices
The Indian consumer affairs ministry has expressed concerns over unfair trade practices by airlines and online travel aggregators. These practices include misleading claims, denying boarding to passengers with confirmed tickets, and delayed refunds. Airlines are designing online interfaces in a way that manipulates decision making and suppresses consumer autonomy.
Stock Radar: Breakout from inverse Head and Shoulder pattern may help this healthcare stock hit 52-week high
Traders with medium-term investment horizons can look at buying the stock for a possible target of Rs 2,800 in 3-6 months, suggested experts. The stock rose from Rs 1,841 on 3 April 2023 to Rs 2517 recorded on 3 October 2023. This translates into an upside of 36% in the last 6 months. It rose over 13% in a month
World Tourism Day: From domestic to international destinations, the Indian traveller is going places
A recent survey conducted by Hansa Research reveals that a majority of Indians prefer planning their holiday trips independently, indicating that they are becoming more self-reliant travellers.
How to plan your travel to save maximum money? Yatra’s Rakesh Kumar Rana answers
"For North, the destinations can be Shimla, Jaipur, Agra, Mathura, Mussoorie, Nainital, Haridwar, Rishikesh and similarly from South it can be Ooty, Kodaikanal, Mysore, Kerala. But what we are also witnessing this time is a very high demand for tier II or tier III or probably virgin destinations in each region and which is a pleasant welcome trend."
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