In a move aimed at boosting tourism and the economy, Indonesia is exploring the possibility of offering visa-free entry to Indians along with 19 other countries, including the U.S., China, Australia, South Korea, Germany, Britain, and France.
23.11.2023 - 06:12 / skift.com
India’s accommodation sector remains upbeat about its economic development, despite a sluggish inbound travel recovery. The sector has been reporting rising room and occupancy rates over the past six months.
This is according to a Booking.com Indian Accommodation Barometer 2023 report, released in collaboration with business intelligence firm Statista. Some 250 executives and managers participated in the survey conducted between July and August this year.
Key Findings:
Hotel Booking Trends: Indian hoteliers surveyed said that more than two-thirds of guests (67%) are booking shorter stays, closely followed by 66% booking further in advance.
Some 63% of customers prefer to book less expensive rooms, and 60% opt for more restrictive cancellation policies to save money. Over half (52%) of the respondents stated that guests spend less on extras, and 42% avoid peak-season stays.
2024 Hotel Sector Opportunities: 88% of hoteliers surveyed see attracting international tourists as one of the biggest business opportunities for the year ahead.
Attracting families (78%), offering local experiences (72%), attracting more domestic travelers (72%), and spiritual tourism (64%) are the other leading opportunities Indian hoteliers are excited about going forward.
Gastronomical Experiences are essential to the industry’s profit margins, with 39% of accommodation providers claiming food and beverages significantly contribute to business.
Cost Challenges: The Indian accommodation industry is concerned about operating costs. For them, the top two challenges were the cost of energy (74%) and taxation (73%).
Investing in Green Business Practices: 62% of Indian hotel owners believe that financial and tax benefits for sustainable business practices are crucial in helping the hospitality industry become environmentally friendly.
In October, Singapore welcomed 94,332 Indian tourists, which was an increase from 81,014 in the previous month. The country’s tourism board confirmed India is now Singapore’s third-largest source of tourists, surpassing Malaysia and Australia.
Chinese travel to Singapore is ahead of India, with 122,764 visitors in October, dropping from 135,677 in September.
Traditionally known as a prime travel destination for Indian families and groups, Singapore has now been trying to position itself as a destination for single female travelers. Singapore’s tourism development agency — the Singapore Tourism Board — in collaboration with Delhi-based travel community platform Tripoto launched a web-series earlier this year in India to showcase how Singapore’s range of experiential offerings perfectly caters to solo female travelers.
India is expected to reach 2019 levels of tourist arrivals in the fourth
In a move aimed at boosting tourism and the economy, Indonesia is exploring the possibility of offering visa-free entry to Indians along with 19 other countries, including the U.S., China, Australia, South Korea, Germany, Britain, and France.
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