The Indian hospitality industry witnessed investments to the tune of $401 million in 2023, real estate company JLL revealed in a new report. This was nearly four times the transaction volume recorded in 2022.
The Indian hospitality industry witnessed investments to the tune of $401 million in 2023, real estate company JLL revealed in a new report. This was nearly four times the transaction volume recorded in 2022.
Air India’s ongoing transformation is one of the most closely watched developments in the aviation world – and rightfully so. The recently privatized airline, which serves a country of 1.4 billion people, is playing catch-up with its international peers.
Air India CEO Campbell Wilson is undertaking a massive project: completely overhauling India’s newly privatized 92-year-old flag carrier after decades of underinvestment by the Indian government. The average age of an Air India employee was 54 years old. The airline had such a dated email system that its employees started using Gmail.
Intrepid Travel talked about the importance of India as a destination to the group’s 2030 strategy. The tour operator currently operates 800 trips in the country as part of its offerings that allow travelers to experience the local culture of the destination.
Australia saw a record-breaking number of arrivals from India last year.
Indians have budgeted more for travel in 2024, according to Skyscanner Horizons 2023-2024 report. According to Skyscanner, 63% of Indians are planning to spend more on travel this year, the highest of any country. The United Arab Emirates (UAE) is number 2, with 56% of travelers planning to spend more.
At the inaugural Skift India Summit held at The Leela Ambience Gurugram on Wednesday, hospitality chain Oyo’s CEO Ritesh Agarwal addressed the speculation around its potential IPO. He said that the company does not have a need to raise money at this stage from the public or private markets. Oyo is currently focusing on delivering good earnings results, he said.
There’s a big demand from Indian tourists to visit the U.S., but there’s not as much demand the other way around.
Air India has big ambitions: CEO Campbell Wilson said he wants to restore the carrier into a “top-tier and world-class airline” at the Skift India Summit in New Delhi on Wednesday.
The annual passenger capacity at Indian airports is set to increase by 60 million. This comes as Prime Minister Narendra Modi inaugurated new terminal buildings at 12 airports across the country.
India is set to get multiple tourism projects worth INR 14 billion ($169 million). Prime Minister Narendra Modi will be inaugurating these projects on Thursday during his visit to Srinagar, Jammu and Kashmir. The projects aim to boost the domestic tourism industry in the country with the help of Swadesh Darshan and Pilgrimage Rejuvenation And Spiritual, Heritage Augmentation Drive (PRASHAD) schemes.
Between 1932 and 2021, Air India went from being the gold standard of aviation under the Tata Group to a nationalized airline in complete disarray.
Online travel agency MakeMyTrip has announced a collaboration with the Government of Goa that will promote the coastal state as a year-round travel destination with more than just iconic beaches. The state has launched measures that would highlight Goa’s inland destinations.
Indian airlines inducted 112 aircraft in 2023, according to the Union Ministry of Civil Aviation. The ministry added that with this, the total number of aircraft in the fleets of scheduled airline operators stood at 771 as on December 31, 2023.
As president and CEO of one of Europe’s most prestigious flag carriers, Pieter Elbers was at the top of his game. He successfully navigated Dutch airline KLM through the 2010s and the worst of the pandemic – it seemed like there was little he couldn’t do.
Despite India’s tremendous growth in aviation, the country remains a highly under-penetrated market, said Indian aviation minister Jyotiraditya Scindia.
Air India is starting the new year with a bold statement of intent. On Thursday, the carrier showcased its new flagship aircraft, as part of a bigger plan to present a re-energized Air India to the world.
IPO-boundhospitality and travel technology company Oyo has announced that it would open around 400 properties in popular spiritual destinations by year end.
The Indian aviation watchdog, Directorate General of Civil Aviation (DGCA), said Monday that it issued a decade-high of 1,622 commercial pilot licenses in 2023, up from 1,165 licenses in 2022.
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