Global Travel Industry

MakeMyTrip launches multi-currency payment options to boost inbound tourism

The new payment feature enables users to pay for flights and hotel bookings in major global currencies, including the US dollar, Euro, British pound, and more

Stargazing, men-only retreats, vintage voyage: Top travel trends for 2025

In 2025, 79% of Indians would encourage the men in their lives to join a wellness-focused trip for personal growth, stress reduction, and mental health.

Outward remittances under India's LRS decline 5%, says RBI Bulletin

Remittances for studies abroad grew marginally to $416.39 million

Rajasthan CM Bhajan Lal Sharma invites UK investors to boost tourism

During the event, CM Sharma highlighted that Rajasthan is known for its rich cultural heritage, historic landmarks and scenic beauty

Airlines, hotels make up 70% of India's $53 billion travel market: Deloitte

In 2023, airlines and hotels made up 70% of India's $53 billion travel market, with corporate travel valued at $10.6 billion. By 2030, the Indian travel industry is expected to touch $97 billion

US, China, Germany dominate $11.1 trn travel boom in 2024, India ranks 8th

According to WTTC estimates, one in every 10 dollars spent worldwide in 2024 will be on travel

Business travel bounces back as companies increase spending plans

Business travelers are also now routinely blending work and leisure, making them an even more attractive demographic

73% Gen Z & millennials prefer off-peak travel, solo trips to Egypt: Report

From international sports events to cultural explorations, Gen Z and Millennials are more inclined to make travel a part of their everyday lives

Travel industry to contribute record $11 trillion to global GDP in 2024

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP

Hong Kong expects to double Indian footfalls this year with events lined-up

Hong Kong is expecting to double the number of Indian travellers this year with a line-up of festivals and events to boost tourism, a top executive of HK Tourism Board has said. Last year, 2,08,000 Indians travelled to Hong Kong. "We want to double this number this year and have many festivals and events lined up to boost tourism this year. In the first half of 2024, Hong Kong welcomed 1,81,000 visitors from India, which is 89 per cent of the pre-Covid time," Hong Kong Tourism Board Director, South Asia and Middle East, Puneet Kumar told PTI. Looking at this growth in momentum, the HK Tourism Board is hoping to cross the pre-Covid (2018) level of tourist arrivals this year, he added. Hong Kong Tourism Board takes 2018 as the benchmark for pre-Covid times as in 2019, the tourism industry almost came to a standstill with cancellation of hundreds of flights as the country saw protests against the Hong Kong government's introduction of a bill to amend the Fugitive Offenders Ordinance w

Dubai International Airport sees half-year record of 44.9 mn passengers

Dubai International Airport saw a record 44.9 million travelers pass through its cavernous terminals in the first half of this year, putting the world's busiest airport for international travel back on track to beat its all-time record as aviation booms after the coronavirus pandemic. The results released on Wednesday follow a record-breaking annual profit for the long-haul carrier Emirates that calls the airport known as DXB home and comes as Dubai plans to move operations to a planned, nearly $35 billion airfield in the next decade. Meanwhile, a real-estate boom and its highest-ever tourism numbers have made the city-state in the United Arab Emirates no longer just a layover but a destination for even more travelers. The record-breaking performance in the first half of this year highlights our strategic importance as a global aviation hub," Dubai Airports CEO Paul Griffiths said in a statement. Dubai is at the forefront of global cities when it comes to attracting talent, ...

Airbnb partners with Financial Crimes Investigators to combat travel scams

Airbnb has implemented several measures to safeguard its customers' information and bookings

Local authorities cautions Kedarnath Dham devotees due to heavy rains

Sub-District Magistrate- Due to heavy rains in the month of Sawan, stones may fall on the travel routes at many places, due to which it is not appropriate to travel from the point of view of safety.

FlixBus partners with Paytm to enhance global travel tech distribution

Global travel tech firm FlixBus has partnered with fintech major Paytm to expand its distribution network, a joint statement said on Tuesday. With this, FlixBus tickets will now be available through the Paytm app. "This collaboration is poised to drive substantial growth for both companies, expanding Paytm's travel options and reinforcing its position in the travel industry while enabling FlixBus to tap into Paytm's vast customer base and technological expertise," the statement said. "By encouraging more people to choose bus travel, we can significantly reduce emissions and make a positive impact on the environment. Webelieve it will significantly enhance the travel experience for millions of users," Surya Khurana, Managing Director of FlixBus India, said. Shares of Paytm settled at Rs 459.75 apiece on the BSE, down 2 per cent from the previous close.

Indians travelled close to 1,000 cities across world: Uber app usage data

Indians have been breaking all travel records over the past couple of years, according to Prabhjeet Singh, President, Uber India and South Asia

5 countries with updated visa policies; here's how Indians will be impacted

Many countries recently updated their visa policies and requirements which will have a potential impact on Indians. Anyone planning for foreign trips needs to stay informed about the latest updates

Recovery in overseas travel by Chinese lags due to costs, visa snags

The Chinese currency has fallen more than 2% against the dollar since the start of the year, raising costs in yuan terms for Chinese travellers abroad

TBO Tek Q4 result: 64% jump in PAT to Rs 46 crore, revenue up 31%

Travel distribution firm TBO Tek Ltd on Thursday said its profit after tax (PAT) rose by 64 per cent to Rs 46 crore in the quarter ended March 2024 from Rs 28 crore in the corresponding quarter of the previous year. The revenue during the reporting quarter jumped 31 per cent to Rs 369 crore crore compared to the year-ago period. For FY 2023-24, the PAT stood at Rs 201 crore, up 31 per cent over FY23 while the revenue was recorded at Rs 1,393-crore, an increase of 35 per cent over the financial year ended March 2023, the company said. "FY 24 was a landmark year for TBO. Following our successful IPO, we have recorded another year of remarkable growth, with revenue soaring to Rs 1,393-crore, showcasing 31 per cent increase with adjusted EBITDA at Rs 270-crore," said Gaurav Bhatnagar, co-founder and Joint MD, TBO Tek Limited. The gross transaction value during FY24 surged to Rs 26,536-crore, marking a 19 per cent year-over-year growth, he added. "Our acquisition of Jumbonline has alre

India rises to 39th position in WEF index for travel, tourism development

Country top performer in South Asia and among the lower-middle-income nations

Hilton Holdings Q1 result: Revenue up 12% at $2.57 bn, beats estimates

The company forecast annual adjusted profit of between $6.89 and $7.03 per share, up from the previous range of $6.80 to $6.94 per share