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Learn moreLatest Travel News
Türkiye strengthens ties with Indian market as visitor numbers surge by 34% in 2024
In an exclusive interview with ET TravelWorld, Ismail Butun, General Manager at Türkiye Tourism Promotion and Development Agency (TGA), shared insights into the recent growth of Türkiye’s tourism sector, with a particular focus on the booming Indian market. Türkiye, known for its rich cultural heritage and breathtaking landscapes, has seen a significant increase in Indian travellers, reflecting a broader trend of growth in global tourism.
Adani Airports launches new real time total management system for airport stakeholders
The aviio platform will empower stakeholders, including airlines, ground handlers, retail staff, and CISF personnel, with real-time data, providing passengers with up-to-date information on security checks, gate changes, baggage handling, and more. This technology is set to redefine operational efficiencies and passenger comfort at Adani's seven operational airports, with an eighth set to launch in 2025.
South Africa's new visa scheme gives Indians 90-day visa-free access
South Africa's new Trusted Tour Operator Scheme (TTOS), starting in January 2025, aims to attract more tourists from India and China by simplifying the visa process. The initiative is expected to boost tourism and job creation. Approved tour operators will manage group visa applications, ensuring faster processing and less bureaucracy.
Pune Ganeshotsav group unveils first-ever Global Ganesh Festival to boost tourism
On the eve of Ganeshotsav, Pune launched the first-ever Global Ganesh Festival (GGF) to boost tourism and global awareness. The event includes a global summit with Ganeshotsav Mandals, tourism officials, and foreign students. The GGF aims to compete with major international festivals and features competitions, tours, and prizes to attract worldwide participation.
EaseMyTrip launches Easy Green Mobility, ventures into electric bus manufacturing sector
The company has committed an initial investment of INR 200 crore for research, product development, and the establishment of a manufacturing plant over the next two to three years. This move signals EaseMyTrip’s strategy to capitalise on India’s growing demand for eco-friendly transport solutions and sustainable mobility, which is expected to grow at a CAGR of 24% between 2024 and 2030.
Indian aviation industry forecasts lower losses for INR 20 - 30 billion in FY 25: ICRA
The aviation sector has demonstrated strong pricing discipline, reflected in the increased spread between revenue per available seat kilometer (RASK) and cost per available seat kilometer (CASK). This improved pricing power has led ICRA to maintain a stable outlook for the industry, with continued growth in both domestic and international passenger volumes and a relatively stable cost environment.
India's hospitality sector attracts USD 93 million in H1 2024 investment: JLL
Out of the total transaction volume, 72 per cent involved operational hotels, 23 per cent were under-construction properties, and the remaining were related to land leases. The first six months of 2024 saw six significant hotel transactions across Tier I and leisure markets, including land leases for greenfield development in key airport districts.
Ebix emerges debt-free after acquisition by Eraaya LifeSpaces, Robin Raina will continue to lead
Eraaya LifeSpaces, known for managing luxury properties, has aligned its investment with Ebix’s global portfolio. The company, which filed for Chapter 11 bankruptcy in January 2024, has now become debt-free worldwide, exiting bankruptcy within a record nine months. The acquisition marks a significant turning point for the 12,000-employee strong firm, as it prepares to embark on a new phase of growth.
Yatra Online doubles down on corporate travel with acquisition of Globe Travels
The deal, valued at INR 1280 million in cash, marks a strategic move to bolster Yatra's dominance in the corporate travel sector. This acquisition adds approximately 360 corporate customers to Yatra's existing base of over 850 corporate clients, effectively expanding Yatra’s market share in the corporate travel segment by an estimated 40 per cent.
Global air passenger demand surges by 8% in July, reaches all-time high
International travel saw a robust 10.1 per cent increase in demand year-on-year, with capacity growing by 10.5 per cent. However, the international load factor slightly decreased to 85.9 per cent, down by 0.3 percentage points. Asia-Pacific airlines led the surge with a remarkable 19.1 per cent growth in demand, driven by the ongoing recovery of regional markets and a 20.3 per cent increase in capacity. European carriers also performed well, with an 8.3 per cent increase in demand and a load factor of 87.5 per cent.
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