Travel industry poised to add record $11.1 trillion to world's GDP in 2024

Sep 04, 2024, at 05:53 am

The world will spend an unprecedented amount of money on travel in 2024. According to the World Travel and Tourism Council (WTTC), $1 out of every $10 spent globally will go towards travel, as people eagerly book hotels, cruises, and flights, reported Reuters.

Halwasiya acquires 15.50% stake in Tourism Finance Corporation of India after board approves fresh allotment

Apr 10, 2024, at 09:36 am

Mumbai: The Board of TFCIL further approved allotment of 22,23,000 equity shares to Aditya Kumar Halwasiya at a price of Rs 225 per equity share at its Meeting held on the April 5, 2024.

IHCL signs its third hotel in the holy town Ayodhya

Jan 24, 2024, at 05:38 am

Mumbai: Tata Group-owned Indian Hotels Company (IHCL) Tuesday announced the signing of a third hotel in Ayodhya, Uttar Pradesh, the company said in a press release.

Indian market remains one of the fastest growing for us, says Melia Hotels International at Kolkata roadshow

Sep 07, 2023, at 05:17 am

Melia Hotels International, a Spanish hotel chain, conducted a roadshow in the eastern Indian city of Kolkata on Tuesday, a destination that the hotel brand considers to be 'important'.

Airbnb signs an MoU with the Ministry of Tourism to showcase India’s heritage stays and promote cultural tourism

Jun 19, 2023, at 09:08 pm

Mumbai: Airbnb on Monday signed a Memorandum of Understanding (MoU) with the Ministry of Tourism, Government of India, to promote India as a most sought-after high-potential tourism destination and shine a spotlight on its rich cultural heritage.

Guwahati signs MoU to develop 'Riverine Based Religious Tourism Circuit', boosting Assam's tourism sector

May 21, 2023, at 06:44 am

Guwahati/IBNS: A memorandum of understanding (MoU) has been signed to develop a 'Riverine Based Religious Tourism Circuit' in the city of Guwahati, India.

India looking to partner with Sukhoi, Embraer to make small jets in country: Report

Mar 04, 2023, at 04:31 am

New Delhi: India is exploring potential partnerships with global aircraft makers, such as Embraer SA and Russia’s Sukhoi, to start domestic production of small aircraft, Bloomberg reported citing sources.

Gulf investors look for investment prospects in Jammu & Kashmir

Mar 22, 2022, at 07:23 pm

Srinagar/IBNS: A 36-member gulf nations delegation has reached Srinagar to explore investment prospects in the region starting Sunday, officials informed.

IATO seeks special status for tourism industry

Jan 22, 2022, at 06:11 am

New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.

Lack of widespread vaccination in developing countries leads to losses for tourism sector

Jul 02, 2021, at 10:39 pm

New Delhi/UNI: Developing countries have borne the biggest brunt of the COVID-19 pandemic’s impact on tourism, and South Asia is one of the world's most affected regions.

COVID-19 impact on tourism could deal $4 trillion blow to global economy: UN report

Jun 30, 2021, at 10:31 pm

New York: The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organization (UNWTO).

Covid 19 impact: GCCI seeks exemption of taxes for the tourism industry

Jun 12, 2021, at 01:16 am

Panaji/UNI: Goa Chamber of Commerce and Industry (GCCI) on Friday demanded exemption of taxes applicable for tourism and hospitality industry on account of adverse impact on businesses due to Covid 19.