According to the World Economic Forum’s (WEF) Digital Transformation Initiative, digitisation in the aviation and travel industry will create up to $305 billion for the industry and benefits valued at $700 billion for customers. Tourism is one of the sectors that have borne the maximum burnt due to the Coronavirus pandemic. The Covid-induced lockdowns and … Read more
Travelling is innate to humans and having spent time indoors people are yearning to connect, explore and travel more than ever before. By Sangita Bora The Covid-19 crisis has hit the tourism economy hard, with unprecedented effects on jobs and businesses. Tourism was one of the first sectors to be deeply impacted by the pandemic, … Read more
The ministry has also come up with several initiatives to boost domestic tourism following the devastation the sector has faced in the aftermath of Covid-19. (Photo: jharkhandtourism.gov.in) The Union Tourism Ministry has prepared a draft roadmap to develop rural tourism in India and has invited suggestions from various stakeholders, including all state governments and administrations … Read more
“There will be no processing charges, waiver of foreclosure/prepayment charges and no requirement of additional collateral,” the government said in a statement. The Union government on Monday announced working capital support for more than 11,000 registered tourist guides and tourism stakeholders as well as free one month tourist visa to first five lakh tourists to … Read more
Rohit Kapoor, CEO – India & South Asia, OYO Indian Union Budget 2021-22: Economic recovery on track! The country’s tourism and hospitality industry had pinned great expectations on Budget 2021. While no specific relief or proposals have been immediately announced, there are several reasons to look at the futuristic impact that can definitely boost the … Read more
Puneet Chhatwal, MD & CEO, IHCL Indian Union Budget 2021-22: As head of India’s largest hotel chain and chairman of various industry bodies, what expectations do you have from the Budget? Umeed pe duniya kayam hai, but hope is not a strategy. We have made several representations to the government for relief to the tourism … Read more