Search result for 'domestic tourism'

India's premium hotel RevPAR is projected to reach a ten-year high of Rs 5,500-5,800 in FY25, driven by strong domestic leisure travel and MICE demand. ICRA expects further growth in FY26.

India's hospitality sector is expected to see significant growth in 2025 with increased foreign tourist arrivals and domestic travel. The sector is seeking government support to reach its full...

Industrial Investment Trust Limited (IITL) announces a Rs 500 crore AIF focused on India's real estate sector, targeting growth in residential and commercial properties.

Schloss Bangalore, operator of Leela Palaces Hotels & Resorts, files IPO papers with Sebi, aiming to raise Rs 5,000 crore. The IPO includes a fresh issue and an offer for sale.

India's government is considering changing the base year for GDP calculation to 2022-23 from 2011-12, aiming for a more accurate reflection of the economy. This move will be the first revision in...

Visa partners with Skill India to upskill 20,000 Indian youths in tourism-relevant skills, aiming to elevate the tourism service experience for tourists.

India's tour and travel operators are expected to see strong revenue growth this fiscal, driven by rising domestic tourism and overseas travel, according to Crisil Ratings.

Thomas Cook India sees strong growth in India's hospitality sector, with demand outpacing supply. The company is expanding its holiday outlets and resort portfolio.

Hospitality players express disappointment with the Union Budget 2024-25 for lacking specific measures to support the sector's growth, including infrastructure status and policy reforms.

IHG Hotels & Resorts plans to double its presence in India within the next five years, adding 100 hotels to its existing portfolio of 46. The company is targeting both established and secondary...

Religious tourism in India is projected to generate 2 lakh jobs in the next 4-5 years, driven by a 16% annual growth and USD 60 billion revenue by 2028. NLB Services highlights the sector's impact...

ICRA forecasts a 7-9% revenue growth for the Indian hotel industry in FY25, driven by domestic leisure travel, MICE events, and wedding bookings. Occupancy is expected to reach decadal highs.

India's Interim Budget 2024-25 prioritizes domestic tourism, infrastructure development, and port connectivity, aiming to boost employment and GDP.

Kerala CM Pinarayi Vijayan criticizes the interim budget, claiming it ignores the state's development demands and fails to address crucial needs.

India's hospitality industry welcomes the focus on island tourism in the interim budget, but expresses disappointment over the lack of infrastructure status for the sector. The budget highlights...

Industry leaders hail India's interim budget 2024-25, praising its focus on inclusive development, infrastructure, and healthcare, while calling for more support for the pharmaceutical sector.

Hoteliers urge for a lenient tax structure and increased budget allocation in Union Budget 2024-25 to support tourism growth and industry recovery. They highlight the need for streamlined processes...

India Inc's revenue is expected to have grown by 8-10% in the December quarter, driven by strong performance in consumer discretionary and export-linked sectors. Read more.

Hospitality and travel sector players urge infrastructure status for hotels, tax exemptions, and reduced GST in the upcoming Union Budget. They aim to boost domestic tourism and ease of doing...