TBM Home - India's Top Travel News Source: TravelBiz Monitor
WEB6 days ago · TOP STORIES Top Stories RezLive.com expands with Canadian Agent TBM Staff – Mumbai Sunday, 6 October 2024, 4:03 PM 0 Top Stories Indian Hospitality to add 55,000 Keys TBM Staff – Mumbai Sunday, 6 October 2024, 11:00 AM 34 Top Stories Uttarakhand launches Mount Kailash pilgrimage from India TBM Staff – Mumbai Saturday, 5 …
52% of inbound travellers seek India as standalone destination: …
WEB2 days ago · Booking.com in collaboration with Accenture, unveiled the second edition of its comprehensive annual report, ‘How India Travels 2024 – The Inbound Edit’. The report sheds light on the inbound travel sector’s strong recovery, while uncovering evolving traveller preferences and motivations, its impact on the Indian economy and emerging trends. India’s travel renaissance: A global travel...
Global air passenger demand surges 8.6% in August: IATA
WEB5 days ago · The International Air Transport Association (IATA) released data for August 2024 global passenger demand with the following highlights: • Total demand, measured in revenue passenger kilometers (RPK), was up 8.6% compared to August 2023. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year- on-year. The August load factor was 86.2% (+1.6ppt compared...
Indian Hospitality to add 55,000 Keys
WEB6 days ago · The Industry currently boasts 1,66,000 branded hotel keys, with plans to add 55,000 more over the next five years, representing an annual growth rate of 4.5-5.5%. According to CareEdge estimates, the industry’s RevPAR grew by 14% in FY2024 and is expected to see further growth of 8-9% in FY2025. The segment mix is increasingly favouring the ...
‘Visa demand rises in tandem with outbound travel growth’
WEB4 days ago · At a time when outbound travel is seeing a surge a fact well supplemented by the growth in visas, Yummi Talwar, COO – South Asia, VFS Global spoke to Disha Shah Ghosh about this trend, and the segments that are driving traffic abroad. Q. What is your overview of the outbound travel market considering your half yearly performance of 2024?
U.S. world’s most power T&T market; China to gain top position in …
WEBSep 5, 2024 · The World Travel & Tourism Council (WTTC) has launched its 2024 Economic Impact Trends Report, which has revealed the U.S. as the world’s most powerful Travel & Tourism market, contributing a record-breaking USD 2.36 trillion to the nation’s economy last year. Despite the slow return of spending from international travellers, the U.S. keeps pole position,...
News Archive - India's Top Travel News Source: TravelBiz Monitor
WEBAir Passenger Market Analysis 2023 was marked by strong industry-wide recovery. The global air passenger market recorded 25.3% YoY growth in December with global passenger load factor at 82.3%, a little less than 2019 levels, as per the International Air Transport Association (IATA). TravelBiz Monitor presents.
US business travel industry responsible for nearly 2% of GDP
WEBJun 6, 2024 · The Global Business Travel Association (GBTA) has unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work in the U.S. The report shows the business travel industry provided a major boost to …
India’s global travel & tourism competitiveness rank up at 39th: …
WEBMay 22, 2024 · India’s rank on the World Economic Forum’s Travel & Tourism Development Index 2024 has risen to 39th place, with global tourism activities returning to pre-pandemic levels, the annual report showed on Tuesday. While the US topped the list, India is ranked highest in South Asia and among the lower-middle …
Travel operators to see revenue rise 15-17% this fiscal: Crisil
WEBAug 2, 2024 · Rising domestic tourism and increasing propensity to travel overseas will expand revenue of India’s tour and travel operators by a robust 15-17% this fiscal, says Crisil Ratings. Improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government’s increasing focus on boosting domestic tourism will further support the sector’s revenue growth. To...