FHRAI jointly with the Hotel Association of India (HAI) is organising “Travel for LiFE – Tourism Sustainability Summit 2024” on 8th of March 2024, at Hotel Le-Meridien, New Delhi. This initiative is also supported by the Sustainable Hospitality Alliance (UK), Niti Aayog, Invest India and KPMG as Knowledge Partner. It will be attended by G. Kishan Reddy and Amitabh Kant and will explore sustainable tourism practices and global initiatives.
Read More »HRAWI recommends standardized GST rates for restaurants within hotel premises: Pradeep Shetty
HRAWI recommends reform in GST framework for restaurants within hotel premises. “The sudden jump in GST from 5 per cent to 18 per cent when room rates exceed ₹7500/-, creates uncertainty for guests and places hotels at a disadvantage. We have submitted a representation to the Government,” said Pradeep Shetty, President, HRAWI.
Read More »Malaysia among India’s top source markets for inbound travel, IVAs to reach 176.7% in 2024
Malaysia moves ahead to become the 4th largest source market for inbound travel in India as per the PATA report. It will climb to the 4th spot in 2024 from 7th rank in 2019, beating Australia. In mild scenario, International Visitor Arrivals (IVAs) from Malaysia to India is expected to go up by 176.7% in 2024.
Read More »India to witness delivery of 3 new aircraft per week over the next four years: CEO, PATA
Noor Ahmad Hamid, CEO, PATA highlights India’s unparalleled aircraft acquisition spree, with the country poised to witness the delivery of nearly three new aircraft per week over the next four years. This surge, coupled with initiatives like Air India’s restructuring, will enhance India’s competitiveness in the region.
Read More »India market to double in 5 years, domestic tourism to continue its growth, says PATA CEO
The Indian market Is likely to double in the next five years, said Noor Ahmed Hamid, CEO of PATA, while speaking at a PATA India event in New Delhi. He said, “However, it will not reach the size of China and will remain the third-largest in the world. India is growing on the domestic front with its population propelling business of tourism in India.”
Read More »South Asia, including India, will be a powerhouse of tourism in next 5 years: Prof Haiyang Song
According to Prof Haiyang Song, Associate Dean at the School of Hotel and Tourism Management, The Hong Kong Polytechnic University, South Asia, including India, is going to be a powerhouse of tourism in the next 4-5 years. “Tourism will fully recover to per-pandemic level in 2024 and exceed the pre-pandemic level in 2026 by 58.5% and 20.5% in mild and medium scenarios, respectively. The Union Budget 2023 will improve tourism infrastructures to accommodate potential demand surge, and possibly launch Incredible India! 3.0,” he said.
Read More »National Tourism Policy is the need of the hour to increase investments: Jyoti Mayal
To boost domestic tourism and inbound arrivals, India needs to frame policies that could introduce uniformity in the sector. Jyoti Mayal, President, TAAI, believes that it is high time that India should come up with a National Tourism Policy, which will escalate investments and augment tourism’s share in the economy.
Read More »G20 Goa Roadmap for tourism, a guiding light for sustainable tourism globally: FHRAI
FHRAI is set to host the Tourism Sustainability Summit 2024 in March. It will propose a framework for sustainable tourism stating that Goa Roadmap could be a beacon for sustainable global tourism with 5 key priorities: Green Tourism, Digitalization, Skills, Tourism MSMEs, and Destination Management to achieve SDGs.
Read More »PATA forecasts increase in IVAs, India accounts for 1.9% relative share in Pacific region by 2026
As per the PATA forecast, the inbound arrival will surge between 2024-2026 in the Asia Pacific region. The top 10 source markets will contribute 59% of all IVAs in 2024. India will account for 1.9% of the relative share of IVAs by 2026 in comparison to 1.7% in 2024 in the Pacific region.
Read More »Tourism and Hospitality sector to generate 50 million jobs in 5-7 years: Puneet Chhatwal
Speaking at the 6th HAI Hoteliers’ Conclave, Puneet Chhatwal, President, Hotel’s Association of India (HAI), shared that tourism sector is likely to create 50 million direct and indirect jobs in next 5-7 years, but the government must support tourism members to achieve full industry status, which will help in generating employment.
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