Tag Archives: OTOAI

TCS for overseas tour packages above ₹50 lakh increased from 5% to 20% in Budget 2023-24

In the Union Budget 2023, it was announced that the government has increased Tax Collection at Source (TCS) for overseas packages from 5%to 20%. Riaz Munshi, President, OTOAI, says that instead of reducing the TCS, it has been increased and it will hamper the business. Rajeev Sabharwal  (CA), Chief Executive, Gaurav Travels, says outbound industry should oppose this move.

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Britain unveils £10 million global tourism campaign at Expo 2020 Dubai

Britain has unveiled a £10 million global tourism campaign, called the GREAT tourism campaign, at Expo 2020 Dubai in a bid to strengthen close trade ties with the UAE. The global initiative is aimed to drive inbound tourism to the UK, as the country gears up for a year of big events including Queen Elizabeth II’s platinum jubilee celebrations and the Commonwealth Games in Birmingham. The launch event was hosted by Visit Britain, and was held before UK National Day at Dubai Expo 2020. The tourism campaign will highlight major British events this year, set to be global visitor draws, especially the queen’s platinum jubilee, the Commonwealth Games and ‘Unboxed’, a UK-wide celebration of creativity. VisitBritain also hosted senior trade delegation from India in Dubai at a roundtable with Dame Judith Macgregor, Chairperson, VisitBritain, along with West Midlands Growth Company in the afternoon before the launch of new GREAT tourism campaign. The delegates included Sunil Suresh, Chief Marketing Officer, MakeMyTrip; Anoop Kanuga – Chairman, Tourism Services Committee at TAAI; Jitul Mehta, Chairman, Western Chapter, TAAI and Riaz Munshi, President, OTOAI.

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OTOAI focuses on strengthening stakeholder relationships & extending support to sector

OTOAI held its General Meeting today in New Delhi, where they discussed about the work the association is doing with airlines and tourism board with the association members. Riaz Munshi, President, OTOAI, revealed that the association is focusing on building relationship with stakeholders and are extending their support in providing all the necessary information required. “This is the time of cooperation and building relationship so everybody can strengthen their business, said Munshi.

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OTOAI holds members meet in Delhi; focuses on creating innovative products

OTOAI invited their members for a gathering at Shangri-La on 3rd evening. OTOAI President Riaz Munshi greeted the members and said to gear up and get prepared. In his speech he talked about creating innovative products and to be step ahead of the requirement of the clients to deliver a better experience for them. The market is going to grow, there is a huge potential and opportunity for us and 2022 will definitely going to cross 2019 mark” said Munshi.

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In a first, Indiatourism reaches out to outbound agents to promote India

In order to widen its scope to promote India, IndiaTourism has taken the first step to reach out to outbound agents. Venkatesan Dhattareyan, Regional Director, Indiatourism Mumbai, says, “Indiatourism has conducted a session with the Outbound Tour Operators Association of India (OTOAI) which is quite historic. They traditionally promote destinations outside of India but they have now come forward to learn about India. This is another avenue that we are trying to explore and gives them a chance to learn something new.”

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OTOAI waives off annual membership fee for FY 2021 – 2022: Riaz Munshi

The Outbound Tour Operators Association of India (OTOAI) has waived off the annual membership fee for the financial year 2021 – 22. The association has reduced the fees by 50% for the financial year 2020 – 2021. Riaz Munshi, President, OTOAI said, “This is not the time to make money or fill up reserves. We understand the plight of our fellow industry colleagues and this gesture is our way of showing our solidarity to them. The outbound from India has been severely affected and it will indeed take a while before things go back to normal. The second wave has hit all businesses, especially tourism (which had started to pick a little in December / January) severely and different entry laws / requirements by different countries has made outbound travel very challenging. I would also like to urge people in the travel fraternity to get themselves vaccinated at the earliest possible so that whenever tourism opens, our customers do not hesitate reaching out to us and it will also send out a positive message to the world.”

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OTOAI waives off annual membership fee for FY 2021 – 2022

Keeping in mind the prevailing tough times where the tourism sector has been one of the worst hits, the Outbound Tour Operators Association of India (OTOAI) has waived off the annual membership fee for the financial year 2021 – 22. The Association had reduced the fees by 50% for the financial year 2020 – 2021. The move is a testament of the fact that the association recognises and empathises with the challenges being faced by the outbound tour operators in India today.   Riaz Munshi, President, OTOAI said, “This is not the time to make money or fill up reserves. We understand the plight of our fellow industry colleagues and this gesture is our way of showing our solidarity to them. The outbound from India has been severely affected and it will indeed take a while before things go back to normal. The second wave has hit all businesses, especially tourism (which had started to pick a little in December / January) severely and different entry laws/requirements by different countries has made outbound travel very challenging. I would also like to urge people in the travel fraternity to get themselves vaccinated at the earliest possible so that whenever tourism opens, our customers do not hesitate to reach out to us and it will also send out a positive message to the world.”

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