Report tips

The Indian government is exploring adventure tourism as an avenue of promoting destinations across the country. For instance, earlier this month, the newly appointed minister of tourism Gajendra Singh Shekhawat went skydiving in Haryana on World Skydiving Day. 

India’s foreign exchange earnings through tourism in 2023 was INR 2.3 trillion ($27.5 billion), according to the government’s latest Economic Survey for 2023-24 – a 66% gain over 2022.

Paytm started as a financial services company in India, but is now diversifying its revenue streams, with a special focus on travel. The fintech company often refers to itself as an online travel agency and is looking at travel as a core business segment.

Tourism faces disruption with shifting markets and demand for personalized, luxury experiences, emphasizing the importance of local travel and strategic adaptation according to McKinsey report.

American Airlines’ 2023 Sustainability Report highlights progress in climate strategies and decarbonizing aviation, with key initiatives like contrail avoidance research and sustainable sourcing practices. CEO Robert Isom emphasizes ongoing efforts toward achieving zero emissions by 2050.

U.S. hotels added 700 jobs in June, yet face a significant workforce shortage with 196,000 fewer workers than pre-pandemic levels, per BLS data.

We’ve written a lot about India’s rising middle class – and how they’re set to keep spending more on travel. But now we’re hearing more about India’s high net worth travelers in a new report from Marriott International.

The coastal state of Goa has asked for public views, objections, and suggestions on the draft of the Goa Tourism Promotion and Management Bill, 2024. The bill aims to look at various aspects of tourism in the state, including illegal activities, job creation, and impact on the state’s economy. 

Indonesia is planning to introduce visa-free entry for tourists from 20 nations, including India. The country’s tourism minister, Sandiaga Uno, has announced that the policy is in the works and it will be finalized before October this year. The move aims to boost international tourism in Indonesia, Uno said. 

Marriott International’s 2024 Serve 360 Report outlines significant ESG achievements, including sustainability efforts and social impact goals, with global initiatives supporting community and environmental well-being.

HBX Group joins the United Nations Global Compact and begins aligning its reporting with the new European Corporate Sustainability Reporting Directive (CSRD).

Airwallex and Skift research finds nearly two-thirds (66 percent) of travel executives believe inefficient payment systems are harming their profits

As the Asia Pacific region continues to be the growth engine for luxury travel, a new comprehensive report from the Luxury Group by Marriott International has identified new expectations and travel preferences among high-net-worth (HNW) travelers in Asia Pacific. Across the region, 68% are planning to spend more on travel over the next 12 months – 89% among Indians - with 74% planning to travel within Asia Pacific and 88% prioritizing gastronomy as the reason to travel. One in four of all holidays planned (25%) are celebrations. Three distinct new groups of luxury traveler have emerged – the ‘Venture Travelist’ who seeks business opportunities when traveling, ‘Experience Connoisseur’ Millennials who are traveling for enrichment and ‘Timeless Adventurer’, over 65s who are building their own itineraries and exploring places before they become popular.

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). 

There’s a great deal hospitality companies can do to improve the quality of the front-line work environment for women, according to a new report from Catalyst and Accenture.

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. 

The IPO for online travel agency Ixigo saw demand for the shares it offered dramatically exceed the number of shares offered this week.

Low-cost carrier IndiGo has introduced a new hotel booking option on its website and app. The airline said the aim of the integrated service is to allow passengers the convenience of a one-step solution. 

The Leela Palaces, Hotels and Resorts looks to make a significant entry into the public market, seeking a valuation of approximately $2.5 billion in its upcoming initial public offering (IPO), as reported by Mint.

Low-cost carrier Akasa Air is on its path to profitability and will be expanding its international network, Indian news agency PTI said quoting Aditya Ghosh, the airline’s co-founder.

Indian travelers have been booking outbound flights from major Indian airports in record numbers in a bid to escape the extreme heatwave, according to travel company Trevolution Group’s data.