Good morning from Skift. It’s Friday, June 28, and here’s what you need to know about the business of travel today.
The Largest IPO in India's Hospitality Sector
20.06.2024 - 06:01 / skift.com / Peden Doma Bhutia / Travel Podcast / Indigo Airlines / Peden Doma
Which hotel group is coming up with the largest IPO in the history of India’s hospitality sector? Which large Indian carrier is now offering hotel booking options? Find out responses to all this and more as the Skift India Travel Podcast discusses the latest happenings in Indian travel, tourism, and hospitality in this episode.
Ixigo’s IPO Success: Ixigo’s IPO was oversubscribed 98 times within the three days it was open, highlighting its strong demand among investors across all categories. This compares favorably to other notable IPOs such as TBO Tek and Nykaa.
Leela Hotels’ Upcoming IPO: Leela Hotels is planning an IPO with a valuation of approximately $2.5 billion, aiming to raise around $377 million, potentially making it the largest IPO in India’s hospitality sector.
Skyscanner’s Positive Outlook on India: Skyscanner’s VP, Hugh Atkin, mentioned significant growth in the Indian market, citing a growing middle class, increased travel expenditure, and strong airline performances as key factors for this optimism.
Indigo’s Hotel Booking Option: Indigo has introduced a hotel booking option on its website and app, partnering with Expedia Group to provide an integrated service that aims to offer exclusive discounts to customers.
New Ministers for Tourism and Aviation: India has new ministers for tourism and aviation, with Gajendra Singh Shekhawat and Kinjarapu Rammohan Naidu respectively. Naidu has announced a plan to reduce airfares, which is seen as positive for passengers but may pose challenges for airlines.
Apple Podcasts | Spotify | Overcast | Google Podcasts | YouTube | RSS
In the latest episode of the Skift India Travel Podcast, Asia editor Peden Doma Bhutia and India reporter Bulbul Dhawan discuss recent developments in India’s travel, tourism, and hospitality sectors. The podcast covers the Ixigo IPO, which was subscribed 98 times, making it a significant success compared to previous IPOs like TBO Tek and Nykaa. The Leela Hotels IPO is also highlighted, with an anticipated valuation of $2.5 billion, potentially making it the largest IPO in India’s hospitality sector. The hosts emphasize the importance of timing in the success of these IPOs.
Skyscanner’s recent insights show significant growth in the Indian market, driven by a growing middle class and increased travel expenditure. The podcast also mentions IndiGo’s new hotel booking option on its platform, aimed at creating a one-stop solution for travelers, following similar moves by other airlines like Vistara and SpiceJet.
Additionally, the podcast discusses the appointment of new ministers for tourism and aviation in India. Gajendra Singh Shekhawat is the new Tourism Minister, and Kinjarapu Rammohan Naidu is the new Aviation Minister. Naidu
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
27.06.2024 / 21:27
Adani Airports Now Has a Timeline for Its IPO: What We Know About the Business
Adani Enterprises is planning to list its airport business — Adani Airport Holdings — by fiscal 2028, according to media reports that quoted Jugeshinder Singh, the group’s chief financial officer.
travelandleisure.com
27.06.2024 / 17:59
There’s About to Be a New Way to Get to Amsterdam Nonstop From the West Coast
KLM Royal Dutch Airlines will launch a new flight between Portland, Oregon, and Amsterdam in October, replacing a flight from partner Delta Air Lines between the two cities.
skift.com
27.06.2024 / 06:57
How India-China Direct Flights Went From 539 ... to Zero
In December 2019, India and China were connected through 539 direct passenger flights. Now there are none.
skift.com
27.06.2024 / 06:57
India Shows Big Gains as U.S. Travel Source - India Report
Between January and May 2024, India has emerged as the second-largest international source market – not including Canada and Mexico – for tourism in the U.S., according to data released by the U.S. National Travel and Tourism Office (NTTO).
travelandleisure.com
25.06.2024 / 16:47
The Largest Delta Lounge in the World Opens Tomorrow — and We Got a Sneak Peek
The latest addition to New York’s John F. Kennedy Airport? An airport lounge that aims to be un-airport-like.
skift.com
25.06.2024 / 12:13
India Becomes Third-Largest Domestic Aviation Market
India is now the third-largest domestic aviation market, after the U.S. and China, according to data by aviation analytics firm OAG. In April 2024, India’s domestic airline capacity was about 15.6 million, up from 8 million in April 2014.
skift.com
25.06.2024 / 12:13
Goa's Big Pitch to Remote Workers
Long known as the party destination in India, Goa now feels the need to move beyond its image of beaches, nightlife and parties and is looking to present itself as an ideal destination for remote workers.
skift.com
24.06.2024 / 23:28
Oyo Launches Premium Hotel Brand in Dubai for Indian Travelers
Oyo has announced the launch of its first luxury hotel, the Palette Royal Reflections Hotel and Spa, in Dubai. The opening marks a significant step in Oyo’s strategy to expand its premium offerings, driven by the increasing demand from Indian tourists for high-end accommodations in the region.
skift.com
20.06.2024 / 15:41
One Price for Locals … 6x for Tourists? When Foreigners Pay More
Hideyasu Kiyomoto, the mayor of Himeji City in Japan, this week proposed a significant price hike for foreign tourists visiting Himeji Castle, a UNESCO World Heritage site. Currently, the entry fee is JPY 1,000 (about $6) for all, but the mayor suggested increasing it to around $30 for foreigners, while locals would pay $5.
skift.com
20.06.2024 / 15:02
It’s Travel Company IPO Season in India!
If you thought the IPL season in India was big, just wait until you hear about the IPO season. Following TBO Tek’s debut on the Indian stock exchange last month, online travel company Ixigo listed on the Indian bourses this week. Join Skift’s Peden Doma Bhutia and Bulbul Dhawan as they discuss the market sentiment towards travel IPOs. Also, discover why Air India’s CEO stated that the airline’s investment in new aircraft will depend on the government’s policies on bilateral agreements and seat capacity grants, and why Accor’s CEO finds opening a hotel in India to be a tedious process. Catch all this and more in the latest edition of the Skift India Travel Podcast
skift.com
20.06.2024 / 06:01
Indian Stock Exchange Launches Index to Track Travel Listings — India Report
India’s National Stock Exchange has launched the Nifty India Tourism Index to capture the performance of travel and tourism companies within the Nifty 500 Index. The index is used by investors to manage their investment portfolios and serve as a benchmark for different purposes, including tracking expected returns of certain segments.