India is looking to institute a “Swachhata (Cleanliness) Rating Framework” designed to evaluate tourism businesses, such as hotels and homestays, according to Tourism Secretary V Vidyavathi.
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skift.com
17.04.2024
Sustainability-Linked Bonds: Green Progress or Greenwashing?
In February, TUI, one of the world’s largest tourism businesses, announced it would be offering sustainability-linked bonds.
skift.com
12.09.2023
Thomas Cook Digs Deeper Into the Habits of Indian Travelers
More Indians are taking personal loans to travel and meet vacation-related expenses, according to Madhavan Menon, executive chairman of Thomas Cook India.
skift.com
25.08.2023
Trip.com Group Taps $1.5 Billion Loan Tied to Green Targets
Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.
skift.com
25.08.2023
CitizenM Secures $500 Million Loan Contingent on Sustainability Goals
CitizenM raised $500 million (€480 million) from HSBC UK, HSBC Continental Europe, ABN AMRO Bank N.V., and Aareal Bank with a sustainability-linked loan, becoming one of the first European hospitality companies to adopt such financing arrangements.
skift.com
25.08.2023
Wyndham Believes Banking Crisis Won't Hurt Its Hotel Pipeline
Wyndham‘s executives believe that investor concerns that the U.S. banking crisis will hurt its hotel development are groundless.
skift.com
25.08.2023
More Travelers Are Taking Personal Loans to Fund Holidays
More Indians are taking personal loans to meet vacation-related expenses, according to the findings of a survey titled ‘How India travels using holiday loans’, conducted by online loan platform Paisabazaar.
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