Hotel occupancy and room rates have bounced back to pre-pandemic numbers, primarily due to the soaring demand for the G20 Summitto be held in New Delhi on September 9 to 10.
Hotel occupancy and room rates have bounced back to pre-pandemic numbers, primarily due to the soaring demand for the G20 Summitto be held in New Delhi on September 9 to 10.
London's Gatwick Airport (LGW) has been forced to cap flights at the airport until Sunday due to sickness-related staff shortages.
London has a reputation as one of the most eye-wateringly expensive cities to visit in Europe. Its fame and global appeal have long made it a top ‘bucket list’ destination, with jacked-up accommodation prices and exorbitantly priced experiences, from swanky fine dining to designer shopping.
After unveiling plans earlier this year to launch flights to a third destination in Europe—this time to Amsterdam—JetBlue on Tuesday operated its first flights to the Netherlands’ capital with round-trip fares as low as $499 (for a very limited time), offering travelers another low-cost transatlantic option and some welcome relief from this year’s soaring international airfares.
The conclusion of the FIFA Women’s World Cup Australia & New Zealand 2023 highlights the growing and collective legacy of Qatar Airways and FIFA.
Leading operators in the Indian tours and travel sector are set to report 6-7 percent growth in operating profits in fiscal 2023, after having reported losses for the past two fiscals due to pandemic-induced travel restrictions, according to Crisil Ratings. Revenue is likely to recover 90 percent of pre-pandemic levels, buoyed by strong recovery in both corporate and leisure travel segments in India and abroad. Crisil Ratings expects operating margins to sustain at these levels next fiscal, due to implementation of cost optimization and automation initiatives undertaken by travel operators commencing from the pandemic period, even as revenues are expected to pass pre-pandemic levels next fiscal. This marks a significant turnaround from operating losses of 25.8 percent and 2.7 percent in fiscals 2021 and 2022, respectively. “Rising business travel, along with increasing return-to-office and preference for face-to face meetings besides increasing consumer preference for short breaks will push revenue past pre-pandemic levels in fiscal 2024. Interestingly, preference for short holidays is seeing momentum, especially within India and Asian destinations,” said Poonam Upadhyay, Director, CRISIL Ratings. The improvement in operating performance, together with healthy liquidity and net debt free balance sheets, will help strengthen credit profiles of the players, the report said.
New air routes by low-fare airlines promise great deals for budget-minded travelers across the globe this year. Here are the 11 most-exciting air routes low-fare lines are launching in the U.S., Europe, and Asia.
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Following last summer’s chaos of canceled flights, mountains of lost luggage and other disruptions, many airlines and airports ramped up staffing to meet unprecedented demand – and some have even billed this year’s peak travel season as a return to pre-pandemic normal.
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