Tag Archives: outbound

Jonathan Heastie, Portfolio Director, Travel Sector, RX Global, said, “An upcoming ATM report sees an emerging middle-class in Asia, expected to comprise 24% of the global population by 2030. India is predicted to add 9 million households. Middle East remains a top choice due to religious, cultural and commercial ties.”

Amadeus latest Travel Trend report highlighted that from nostalgia-driven vacations to personalised flying experiences, Asia is set to regain its position as a global tourism leader in 2025, with inbound and outbound travel predicted to match or exceed pre-pandemic levels. Countries in the region are leveraging their cultural appeal and relaxed travel regulations to attract international visitors.

Arshdeep Anand, Co-founder and CEO, Holiday Moods Adventures said that manpower shortages at embassies and limited appointment slots at visa processing centers like VFS have dampened the outbound travel boom. Countries that offer visa-free entry, e-visas, or visa-on-arrival facilities are attracting more Indian travellers.

Tourism, hospitality and aviation are among the worst affected sectors that are facing the maximum brunt of the present crisis, revealed a report on impact of COVID-19 on Indian economy by FICCI. The survey suggests that there has been a drop in both inbound and outbound tourism of about 67% and 52% respectively since January to February as compared to the same period last year, owing to large scale cancellation of travel plans by both foreign and domestic tourists. Of all the segments of the hospitality sector, the M!CE segment has been hit the most with the cancellation of major trade events. The tourism industry expects the situation to further deteriorate in March and in the forthcoming summer season i.e. April-June, says the report.