Marriott, the leading hotel company in India, is set to introduce its 17th brand in the country — Moxy.
25.08.2023 - 13:21 / skift.com / Rashaad Jorden / Peden Doma Bhutia / Josh Weinstein / David Bernstein
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China was a major market for Carnival Corporation prior to the pandemic. But despite Beijing lifting the country’s strict travel curbs earlier this year, the cruise line isn’t returning to China in the near future, writes Global Tourism Reporter Dawit Habtemariam.
Carnival CEO Josh Weinstein said on Monday the company’s strong second quarter did not reflect a return to China, and added the company would “be on the sidelines” for a few years. Roughly 1 million Carnival guests came from China in 2019.
Meanwhile, Weinstein described the company’s onboard revenue as “off the charts.” Habtemariam reports more than a third of Carnival’s onboard revenue over the 12 months have been booked in advance. However, despite that higher consumer spending, the company’s shares fell 10 percent, after Carnival executives noted rising labor and fuel costs. Carnival Chief Financial Officer David Bernstein said the company incurred $13 million in higher fuel costs.
Next, speaking of China, strong performance over the country’s most recent national holiday is a major sign international travel is rebounding, reports Asia Editor Peden Doma Bhutia.
Bhutia writes China’s three-day Dragon Boat Festival holiday revealed a noticeable rebound in outbound travel. International border crossings during the holiday period hit 65 percent of 2019 levels, according to government officials. Bhutia notes that Hong Kong was the most popular destination for travelers living in Mainland China, with hotel bookings made by Mainland Chinese for Hong Kong trips recording a substantial increase from last year.
China had the largest outbound travel market in the world before the pandemic, both in terms of number of trips and total spend.
Finally, delays in Europe visitor visas are driving more Indian travelers to book trips closer to home, reports Asia Editor Bhutia and Middle East and Asia Reporter Amrita Ghosh.
As one India-based travel executive admitted those delays are concerning to those looking to visit Europe, online travel company MakeMyTrip said Indian travelers are increasingly interested in Asian destinations. The company notes Thailand, Singapore and Malaysia are among the top five choices for Indian travelers. In addition, 92 percent of travelers expressed a desire to explore domestic destinations, according to a recent survey by budget hotel operator Oyo.
Marriott, the leading hotel company in India, is set to introduce its 17th brand in the country — Moxy.
China’s latest loosening of its stringent zero-Covid policy, mostly for domestic tourism, comes across as too little too late, at a time when the rest of the world is living with the virus.
Even though China’s recent relaxation of Covid measures is widely seen as a step forward for travel, Trip.com is still cautious in the very near term as winter is usually a slack season for both business and leisure travel.
India is making a PCR Covid test mandatory for inbound arrivals from China, Singapore, Hong Kong, Thailand, Japan, and South Korea, from January 1.
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Chinese travelers cite financial constraints over the last three years as the leading reason for not wanting to travel abroad even as China decided to end its zero-Covid policy by easing travel restrictions, according to a report.
Online travel agency Trip.com Group hopes that cross-border travel capacity for China will be back to normal by the third quarter of this year.
Fly91, a new Indian airline named after the country’s telephone code, is aiming to take advantage of India’s rising middle class by focusing its services on second and third-tier cities.
Skift has published hundreds of stories on funding for travel startups since our launch in 2012, featuring Airbnb and tours and activities provider GetYourGuide among other companies in some of those early articles. We took our coverage even further three years later with a weekly roundup of startups that had received or announced funding from investors.
India is projected to surpass a rapidly aging China as the world’s most populous country this year, a development that Skift founder and CEO Rafat Ali and Senior Research Analyst Seth Borko said would have enormous implications for the travel industry during the Skift Megatrends event in New York City on January 10.
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Taking note of the massive delay in processing visas, the U.S. is taking steps to reduce wait times for Indians. The U.S. Consulate in Mumbai has brought in consular officers from around the world to help out with visa operations. “All hands on deck to reduce visa wait times! Our incredible team of consular officers have temporarily left their regular duties around the world, from the State Department in DC to the U.S. Consulate Naha, to help out with visa operations in Mumbai,” the consulate in Mumbai tweeted. Reducing visa delays has been a priority for the U.S. consulates in India as wait times for visitor visas are still around 614 days. The U.S. Embassy in India processed over 100,000 visa applications in January 2023, their highest total in a single month and the highest in any month since July 2019, according to media reports.