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The Economic Times

Discover Arabia in Mumbai: ‘Spectacular Saudi’ offers cultural immersion, travel deals, and visas in 48 hours

Saudi's national tourism brand is hosting its first immersive consumer event, 'Spectacular Saudi', in Mumbai from September 25 to October 2. The event will showcase Saudi's culture, cuisine, and travel offers. Visitors can enjoy interactive exhibits, traditional performances, and exclusive travel deals. Special visa application services will also be available.

Hindustan Times

ICC Men’s Cricket World Cup 2023 generated ₹11,637 crore for India's economy, created 48,000 jobs: Report

The ICC Men’s Cricket World Cup generated $1.39 billion or ₹11,637 crore for India's economy with $861.4 million tourism revenue from 1.25 million spectators

Hindustan Times

Thailand plans to collect ₹750 as tourism tax: Check details

Thailand's previous administration kept the tourism tax on hold despite it being approved by the Thai cabinet in 2021, due to opposition from the private sector

Business Standard

EaseMyTrip.com strengthens its presence in medical tourism sector

With acquisition of minor stakes in Pflege Home Healthcare and Rollins International

Business Standard

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

The Economic Times

EaseMyTrip forays into medical tourism industry

EaseMyTrip.com has acquired a 49% stake in Pflege Home Healthcare and 30% in Rollins International, marking its entry into the medical tourism sector. This move aims to integrate wellness and healthcare services into its travel solutions. The medical tourism industry is currently valued at USD 7.69 billion and is expected to grow significantly by 2029.

CNBC TV18

EaseMyTrip forays into medical tourism with two acquisitions worth ₹90 crore

EasyMyTrip Share Price | Last month, the company's co-founder Prashant Pitti told CNBC-TV18 that the company plans to keep prioritising profit growth, with a stronger focus on expanding into non-air travel services and international markets.

The Economic Times

Indian hotel with Rs 6 tariff in 1903 is now Rs 1 lakh crore hospitality company

Tata Group's Taj Hotels has become the first Indian hospitality company to reach a market cap of Rs 1 lakh crore. The post-Covid travel boom is driving growth in the sector, with IndiGo also seeing significant gains. IHCL's CEO highlights the potential for further growth in Indian tourism due to infrastructure development.

The Economic Times

ET WLF: What Visa user data tells us about India's tourism sector?

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The Economic Times

Six new Vande Bharat trains flagged off today: Routes, fares, dates, and timings

Prime Minister Narendra Modi has launched six new Vande Bharat Express trains on various routes, enhancing religious tourism and local industries. He will also inaugurate railway projects worth Rs 660 crore and distribute sanction letters for rural housing under the Pradhan Mantri Awas Yojana – Gramin in Tatanagar.

The Economic Times

New cruise terminal in Goa to boost tourism, local economy: Official

The Mormugao Port Authority anticipates further growth in cruise passengers with the construction of an International and Domestic Cruise Terminal in Goa by March 2025. This development aims to boost tourism and the local economy, enhancing the region's competitiveness in the global cruise market.

Hindustan Times

New cruise terminal in Goa to boost tourism, local economy: Official

New cruise terminal in Goa to boost tourism, local economy: Official

The Economic Times

No cap on number of tourists visiting Bhutan: CMO Bhutan Tourism Carissa Nimah

Bhutan's sustainable development fee has not deterred tourists, with no cap on visitor numbers. The country charges USD 100 per night for foreign visitors, except Indians who pay Rs 1,200. Bhutan promotes a 'High value, Low volume' tourism policy, focusing on environment conservation and sustainability. The revenue supports free healthcare, education, and infrastructure projects.

Business Standard

More than 80 critical issues resolved during 20th MSDC meet in Goa

More than 80 critical issues between the Centre, states and Union Territories were resolved during the 20th Maritime State Development Council (MSDC) that concluded in Goa on Friday. As per an official release, the two-day event saw the resolution of critical issues focused on port infrastructure modernisation, connectivity, statutory compliances, maritime tourism, navigation projects, sustainability, and port security. During the 20th MSDC, more than 100 issues from various states were deliberated and successfully resolved, it said. "Several new and emerging challenges were also addressed, including the establishment of places of refuge (PoR) for ships in distress, the development of radioactive detection equipment (RDE) infrastructure at ports to enhance security, and the facilitation of seafarers by recognising them as key essential workers, ensuring better working conditions and access to shore leave," the statement added. Union Minister of Port Shipping and Waterways Sarbanand

Business Standard

LIC increases stake in railway sector 'miniratna' PSU IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases. "Life Insurance Corporation of India has increased its shareholding in equity shares of Indian Railway Catering and Tourism Corporation Ltd from 5,82,22,948 to 7,43,79,924 i.e., 7.278% to 9.298% of the paid-up capital of the said company (IRCTC)," LIC said. Shares of LIC closed at Rs 1031.45, up 1.81 per cent over the previous close on the BSE.

Business Standard

LIC increases stake in railway sector 'miniratna' PSU IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases. "Life Insurance Corporation of India has increased its shareholding in equity shares of Indian Railway Catering and Tourism Corporation Ltd from 5,82,22,948 to 7,43,79,924 i.e., 7.278% to 9.298% of the paid-up capital of the said company (IRCTC)," LIC said. Shares of LIC closed at Rs 1031.45, up 1.81 per cent over the previous close on the BSE.

The Economic Times

LIC hikes stake in IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases.

Business Standard

EaseMyTrip launches ScanMyTrip.com on ONDC network

EaseMyTrip's integration with ONDC Network will allow businesses in the travel and tourism sector to leverage the digital infrastructure that ONDC provides, empowering even the smallest of service providers to tap into a wide customer base. ScanMyTrip.com simplifies the onboarding process, making it easier for businesses to connect with travellers and compete in the online marketplace.

Mint

Indian Railway Catering & Tourism Corporation share are up by 0.02%, Nifty up by 0.36%

IRCTC Share Price Today : On the last trading day, IRCTC opened at ₹923.35 and closed at ₹923. The stock reached a high of ₹929.95 and a low of ₹922 during the day.

The Economic Times

Trent, Zomato help Junior Nifty beat midcap and smallcap peers. Where to invest?

Tata Group's Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%.

The Economic Times

BookMyShow partners with IndiGo to grow footfalls for live events

BookMyShow has partnered with IndiGo to launch the ‘Runway to Party’ campaign, offering exclusive benefits for attendees of major music festivals. Festival-goers booking through BookMyShow will receive discounts on IndiGo flights and additional perks for Sunburn Goa 2024. This initiative aims to boost entertainment tourism and enhance consumer experience.

The Economic Times

NFO Alert: Kotak Nifty India Tourism Index Fund is open for subscription. Key things to know

Kotak Mutual Fund has introduced a new open-ended scheme, the Kotak Nifty India Tourism Index Fund, which aims to mirror the performance of the Nifty India Tourism Index.

The Economic Times

Religious Tourism is India's most distinctive and unique selling point: Agoda CEO Omri Morgenshtern

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Business Line

This new passive fund tracks the tourism theme: Should you invest?

Kotak Nifty India Tourism Index fund will invest in airlines, airport operators, hotels, restaurants and travel portals

The Economic Times

Udaipur sees more big hotels as tourist flows hit new highs

Udaipur is witnessing a boom in the hospitality industry with new luxury and mid-market hotels being launched by major brands like Wyndham, Radisson, and IHCL. The city's popularity as a tourist destination has attracted international chains and boosted investments, driven by an increase in domestic tourism and big-ticket weddings.

The Economic Times

Kotak Nifty India Tourism Index Fund, 8 other mutual fund NFOs to open this week

Nine mutual fund NFOs will open for subscription this week, including Kotak Nifty India Tourism Index Fund and UTI Nifty200 Quality 30 Index Fund. Other funds from Edelweiss, Bandhan, Franklin, Invesco, Motilal Oswal, and HSBC will also open. These funds include index, sectoral, thematic, and medium to long duration categories.

The Economic Times

NFO Alert: Kotak Mutual Fund launches Nifty India Tourism Index Fund

The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors.

The Economic Times

Tourism’s contribution to economy will exceed global average in next 5 years: Gajendra Singh Shekhawat at ET WLF

Tourism Minister Gajendra Singh Shekhawat announced that India’s tourism contribution is set to rise from 7.9% to over 10% of the economy within five years. The government is focusing on new tourism schemes, improving infrastructure, and engaging private investments to enhance tourist experiences and boost the industry’s growth, he said.

The Economic Times

ET WLF 2024: Industry leaders on how to boost India's tourism on the global map

​​The rapid development of infrastructure in India is transforming the nation's tourism landscape, with significant benefits for the hospitality sector. Puneet Chhatwal, Managing Director and CEO of The Indian Hotels Company Limited (IHCL), underscored the sector's pivotal role in this transformation.

Business Standard

Surge in demand of 'Visa at Your Doorstep' among UK travellers to India

There has been a significant surge in demand for the "Visa at Your Doorstep service amid a growing number of UK visitors choosing India as a travel destination, visa facilitation service VFS Global said on Tuesday. According to the latest Ministry of Tourism statistics, Britain featured among the top three source countries for foreign tourist arrivals making up a 9.82 per cent share between January and June this year. It comes as overall foreign tourist arrivals to India increased by around 64 per cent compared to previous years. The Visa at Your Doorstep (VAYD) service has recently experienced a significant surge in demand, said Anirudh Singh, COO of Europe and CIS region at VFS Global the technology services provider for governments and diplomatic missions, including the Indian mission in the UK. "The demand for convenient and personalised services is rising, and our VAYD service is perfectly positioned to meet this growing need. Equipped with mobile kits for biometric capture, o

Business Standard

Quality control orders protect MSMEs from unfair competition: Piyush Goyal

The quality control orders (QCOs) issued by the government for different products will protect MSMEs from unfair competition and help cut the import of sub-standard goods, Commerce and Industry Minister Piyush Goyal said on Saturday. He said that through these orders, the government is supporting the MSMEs (micro, small and medium enterprises). "We are giving time to MSMEs to meet the QCO requirements," he said, adding that MSMEs will benefit from these orders as "it stops substandard goods imported at strange rates from outside the country and thus helps the MSME sector by protecting it from unfair competition". MSMEs should not be looked upon as merely a small enterprise, he added. The entire ecosystem around big industries and enterprises comprises thousands of MSMEs, without whom they cannot succeed, he said, adding that MSMEs act both as suppliers and customers of big industries. The sector also plays an important role in the tourism and infrastructure development of the coun

The Economic Times

Govt announces simplified norms for seaplane operations

The civil aviation ministry has simplified regulations for seaplane operations, easing the certificate process and allowing non-scheduled entities to operate such services. These changes aim to boost seaplane operations under the UDAN scheme, enhancing regional air connectivity and stimulating tourism. Fresh Commercial Pilot License holders can now directly obtain seaplane ratings.

The Economic Times

Wyndham Hotels & Resorts appoints Shailender Singh as market managing director for Eurasia

Wyndham Hotels & Resorts has appointed Shailender Singh as the market managing director for Eurasia, highlighting plans for expansion. Singh, who has over 20 years of experience in the industry, will oversee the growth of Wyndham's brands across the region, focusing on India’s burgeoning hospitality market driven by increased tourism demand.

Hindustan Times

Prolonged Bangladesh crisis can hit India's medical tourism inflow by 10-15%: Report

Bangladesh is the leading contributor to medical tourism among neighbouring countries and accounts for 50-60% of India's total medical tourism inflow

Business Standard

Himachal CM Sukhu announces projects worth Rs 696 cr to boost tourism

Chief Minister Sukhvinder Singh Sukhu has said that 11 projects with an outlay of Rs 696.47 crore are underway to give a fillip to the tourism sector in Himachal Pradesh. Presiding over a meeting of the tourism department here last evening, he said tenders have been invited for all these projects, aiming to enhance the influx of tourists in the state, a statement issued here on Wednesday said. "It was essential to enhance the overall tourism experiences in the state and create new infrastructure as tourism is a key sector for our economy supporting the livelihood of thousands of families directly or indirectly," he said. As per the statement, the 11 projects include a convention centre at Dharamshala (Rs 161.91 crore); beautification of Palampur and Nagrota Bagwan (Rs 95.50 crore); wellness centre at Nadaun (Rs 91.42 crore); ice skating rink cum roller skating rink at Dharamshala (Rs 39.51 crore), among others. The chief minister directed the officers to expedite the projects and .

The Economic Times

Foreign tourist arrivals reach 41 Lakh from January to May, marking a 9% increase

From January to May 2024, foreign tourist arrivals in India rose by 9.1 percent, reaching 40.7 lakh. Foreign exchange earnings also saw a significant increase, growing by nearly 22.5 percent from the previous year. Tourism Minister Gajendra Singh Shekhawat emphasized the growth's positive economic impact and outlined government initiatives to further boost the tourism sector.

Business Standard

Tourism sector could resolve 50% of India's job challenges: Lemon Tree CMD

The tourism sector has the potential to resolve 50 per cent of the country's employment challenges with the right government support, Lemon Tree Hotels Chairman and Managing Director Patanjali Govind Keswani said on Saturday. Delivering his address at the first National Conclave on India 2047, organised by IIM Calcutta, he said India's tourism sector is on the verge of hitting the inflexion point. Keswani pointed out that several countries have seen that the tourism sector contributes as much as 15-20 per cent to their GDP and account for 25 per cent of employment. Expressing disappointment over the government's approach towards the tourism sector, he said, "In India, tourism contributes only 6.5 per cent to GDP and a similar share in employment. This sector holds enormous potential for creating jobs." "If the government can leverage this opportunity effectively, it could address up to 50 per cent of our employment challenges," he said. Discussing India's current economic landscap

The Economic Times

Tourism sector could resolve 50% of India's employment challenges: Lemon Tree CMD

At the first National Conclave on India 2047 organized by IIM Calcutta, Patanjali Govind Keswani, Chairman and Managing Director of Lemon Tree Hotels, highlighted the tourism sector's potential to address 50% of India's employment challenges with proper government support. He noted that while tourism significantly contributes to GDP and employment in other countries, in India, it only accounts for 6.5% of GDP and employment.

The Economic Times

Arunachal sees big potential in hydro power

Arunachal Pradesh CM aims to boost state revenue by doubling it through hydropower projects. Emphasis on community involvement and tackling corruption. High-end tourism seen as key opportunity. Will these strategies drive sustainable development?

The Economic Times

Fund on tourism theme ‘narrow’, may not suit all investor profiles

Unleash your high-risk appetite with the new Tata Nifty India Tourism Index Fund! This fund offers a unique opportunity for bold investors to dive into the world of tourism stocks. But beware, experts warn that this fund may not be for the faint-hearted. Are you ready to take the plunge?