Tag Archives: Outbound tourism

Indians spent close to approximately 10 billion on travel overseas in the first nine months of 2022–23, more than in any prior fiscal year, according to the Nangia Andersen LLP July Edition Report, titled Unlock the Potential: A look into Outbound Tourism.

According to the analysis of Asian Development Bank report, India is predicted to overtake China in terms of outbound travel growth over the next ten years, despite the lack of airports restricting air connectivity.

Guldeep Singh Sahni, Director, Weldon Tours And Travels expressed gratitude to Finance Ministry over TCS Amendment. “It was a big relief for the travel industry. The outbound tour operators’ business is greatly impacted by this decision and it is victory for the sector.

Ministry of Finance has announced that there will be no change in the rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of the mode of payment, for amounts up to Rs. 7 lahks per individual per annum. For the purchase of overseas tour program package under Clause (ii) of Sub-section (1G), the TCS shall continue to apply at the rate of 5% for the first Rs 7 lakhs per individual per annum; the 20% rate will only apply for expenditure above this limit. Increased TCS rates to apply from 1st October 2023

ITA Airways launched the new, direct Washington – Rome roundtrip flight, which will be initially operated with five weekly flights, and will become daily from August 1 to cover the high season. The monographic exhibition “Imagining the Future: Leonardo da Vinci: In the Mind of an Italian Genius,” hosted by “Confindustria,” the Association of Italian Industry, for the inaugural event of its new headquarters in Washington, presents ITA Airways as Official Carrier. The project developed in joint partnership with Veneranda Biblioteca Ambrosiana was presented on June 20, 203, during an international press conference held at the Martin Luther King JR Memorial Library Auditorium, Washington D.C As an expert in the handling of sensitive consignments, the exceptional operation of this piece of art was carried out by ITA Airways. In addition to the transportation under strict security measures, the critical stages of palletizing, custody and transfer were carried out in a temperature controlled environment to meet requirements to ensure the preservation of this unique artwork. Emiliana Limosani, Chief Commercial Officer of ITA Airways and CEO of Volare expressed how it is an honor for ITA Airways to serve as worldwide ambassador Made in Italy.  On behalf of ITA Airways, she committed, “representing and showcasing the best of Italian Excellence by helping to export the style and image of Italy, internationally recognised as the cradle of culture and art. In light of this natural inclination and mission of ours, we are proud to have been chosen by Confindustria as the Official Carrier of the event held to mark the opening of their new office in Washington”. Washington is a much-desired destination, for both leisure and business travellers, thanks to the presence of …