Real estate services company JLL estimates that by the end of this year, hotel transactions in India will amount to a total of $413 million. Last year, the industry saw investments worth $401 million.
19.09.2024 - 04:01 / skift.com / Bulbul Dhawan
More Indian passengers are opting for direct international flights, according to aviation consultancy firm OAG. The firm compared data from 2019 with 2023, and found that even though India’s international air traffic last year was 600,000 lesser than 2019, the number of passengers flying directly to their destination increased by 2 million.
On the other hand, passengers making indirect trips declined by 2.5 million. The firm attributed the growth to more international flights by IndiGo and Air India, along with the introduction of international connectivity by new Indian carrier — Akasa. More international airlines operating the Indian market have also led to increased direct connectivity and more options for Indian travelers.
India’s largest carrier IndiGo, which recently placed its first-ever order for widebody aircraft, plans to offer nonstop connectivity from major Indian airports to global destinations.
Talking at the Skift India Summit this year, Air India CEO Campbell Wilson made a case for direct connectivity, “It may not be convenient to get on a flight for three or four hours, land in the wee hours of the morning, sit in an airport for an hour and a half or two hours or three hours or longer, and then get on another flight to get to Europe when you could have gone nonstop in eight-and-a-half hours.”
At a recent event, Suman Billa, additional secretary with India’s Tourism Ministry, said more direct flights between India and U.S. would not only make the market more cost competitive for people, but would also add to the convenience of traveling.
A May report by credit rating agency CRISIL pointed out that Indian airlines will account for half of the country’s international passenger traffic by fiscal 2027-28.
Australia will be introducing a ballot system for nationals of 3 countries, including India, applying for the Work and Holiday Visa 2024-25 program year. The system is being introduced to manage the high demand Australia is receiving from these countries.
Who can apply? The Work and Holiday Visa is meant for individuals aged 18 to 30 years who can stay in Australia and work alongside in the country. Those with the visa can continue to work and stay for a year, and then renew it two more times if they continue to meet the eligibility criteria.
Australia’s New Rules for Visas: First-time applicants for the visa will need to register through the new ballot system, which will then randomly select applicants for the visa process. Australia’s Department of Home Affairs clarified that the ballot system will not impact the current and previous holders of the visa.
Australia agreed to offer 1,000 Work and Holiday Visas every year to Indian nationals under the Australia-India Economic
Real estate services company JLL estimates that by the end of this year, hotel transactions in India will amount to a total of $413 million. Last year, the industry saw investments worth $401 million.
For a U.S. state with just over 4.5 million people, Louisiana punches above its weight when it comes to tourism. In 2023, the state brought in 43 million visitors.
India’s wedding season is around the corner, and this year, about 4.8 million weddings are expected, according to a study by Confederation of All India Traders (CAIT). That could mean revenue of $70.4 billion.
For all the buzz around India tourism, arrivals from foreigners in the first six months of 2024 were underwhelming: just under 4.78 million. That’s nearly 10% less than arrivals of 5.3 million in the same period in 2019.
You wouldn’t know it today, but there was a time when Etihad Airways eyed global domination. Aiming to mirror massive growth at Dubai-based Emirates (now the world’s largest international airline), the UAE’s two largest carriers were locked in a big-money battle for supremacy.
Tourism accounts for nearly a quarter of Thailand’s economy and a tenth of Turkey’s. For India, the contribution is just 5%. But the plan is now to double that contribution.
Indian online travel agency EaseMyTrip has partnered with Bank of Baroda to introduce the first co-branded travel debit card by a public sector bank in India. This is the latest in the trend of new travel cards in India.
Goa is not ready to lose out on the destination wedding business, especially this close to the upcoming wedding season. The state has rolled back its decision to increase the fees to hold private events, including weddings.
The number of travelers combining business and leisure trips has increased in recent years in large part due to the rise in remote work, and the boom in blended travel is expected to continue. The market could potentially be worth $731.4 billion globally by 2032.
Coldplay is coming to Mumbai in January, and the hotels are ready to make money off of it. The band’s three-show event has caused hotel prices near the DY Patil Stadium to surge to INR 640,000 ($7,600) for three nights, according to prices listed on Booking.com.
$2.8 billion: That was the international spending by Indians in July 2024. It was the highest amount in 10 months and led by growth in travel spending: Data from the latest bulletin from India’s central bank showed that Indians spent $1.7 billion for travel. Last year, Indians spent $1.4 billion.
Schloss Bangalore, the luxury hospitality group behind India’s The Leela Palaces, has filed for a massive $599 million (INR 50 billion) IPO, the largest ever in India’s hotel industry. The company seeks to capitalize on the growing demand for high-end accommodations in India while also paying down debt.