Business Standard
Sunday, Jul 05, 2009
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios
  Search:

Mumbai terror sees mass cancellations in Goa
ATTACK ON MUMBAI THE AFTERMATH
Anirban Chowdhury / New Delhi December 02, 2008, 0:26 IST

Inbound travel to the balmy beaches of Goa is expected to drop a significant 60 per cent following large-scale cancellations by charter flights after last week’s terror attacks in Mumbai.

 
 
News Now
Paper
Specials
- Budget hopes boost Sensex
- Wkly Tech Analysis: Sensex rally seen beyond 15,100
- New Cos Bill to be more clear on role of independent directors
- CPI(M) leader expresses scepticism over several rail projects
- Reservation in pvt sector no answer for the future: Khurshid
- Satyam: Govt moves application in CLB to recall nominated directors
More  

Goa accounts for over a fifth of inbound travel revenue for domestic travel companies. Travel and Tourism Association of Goa statistics show that the state hosts 250,000 tourists (domestic and foreign) in December and January, more than half overseas visitors. This traffic accounts for around 10 per cent of the number of tourists for the full year.

Ralph D’Souza, president, Travel and Tourism Association of Goa, said around 750 charter flights operate from November to April, of which December and January account for the highest number.

“We have already seen a 10 to 15 per cent drop in charter traffic. But I cannot say what the impact will be because of the Mumbai attacks," he said.

Shaun Dubash, vice-president, business development, Travelguru, can, however. "Private chartered flights to Goa have already seen a decline of more 20 per cent, which will have a huge impact on tourist inflow. We are bound to see decline of 25 per cent which would make the total decline in charter traffic around 45 per cent,” he said.

Goa accounts for 15 per cent of Travelguru’s revenues and Dubash expects it to account for a much smaller chunk this year.

He said the UK has already issued an advisory against travel to India. “There are some Russian charter operators that might stop operating too."

"As far as charter operations are concerned, we can safely say December operations will disappear. We can easily see inbound traffic going down this year 60 to 70 per cent," said Manav Thadani, managing director of hotel consultant HVS.

Hotel occupancies are also expected to take a hit. Occupancies have fallen 40 per cent in a season that was already proving lacklustre on account of the global economic slowdown.

"The attacks will only lead to a further decline but the impact will be seen in the next few days," said Amit Sabharwal, VP, business development, Makemytrip.

International charter operators come from the UK, Belgium, Germany and Russia and account for 70 per cent of Goa’s overall hotel business and as much as 80 per cent for individual four- and five-star hotels, which largely depend on international traffic.

As a result, hotels are dropping rates to rock bottom levels to attract domestic tourists. According to travel industry sources, the Intercontinental in Goa which offered rooms for Rs 25,000 (excluding taxes) a night is now offering rates of Rs 12,000.

storypagge
Arrow Other Stories     
- Budget hopes boost Sensex
- Wheat futures rise after govt lifts export ban
- 50,000 in south China evacuated after rains causes floods
- Orders on lie detection plea on July 9
- BSP to launch state-wide protest against fuel price hike
- Centre has failed to tackle naxalite problem: BJP
  Read Business news in 
  The most passionate motoring online website for motoring enthusiasts
  Smart IT Strategies for Uncertain Times
  Renew Your Car Insurance with Tata-AIG AutoSecure
  Choose smart affordable IT solutions and meet customer expectations
  Required : Sales executive at Bangalore, Click here to apply
  Unique Maritime Investment opportunity - U.S. based Group dealing in piracy protection force
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments  (0)  
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Wkly Tech Analysis: Sensex rally seen beyond 15,100
- India joins Russia, China in questioning dollar dominance
- RNRL moves SC to restrain RIL from supplying gas
- Freight corridors not on slow track
- Jaiprakash Hydro to raise Rs 1,500 cr
 
 More  


BS Poll
Cast Your Vote
 
   
 
Are you happy with the Railway Budget?
  Yes  No
Submit

  Hot Searches  
 
Manmohan Singh  |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi | L K Advani | Congress | Meenakshi Natarajan | Maruti Ritz | LTTE |  Ranbaxy | DMK | Swine Flu |  New Pension Scheme |  Q4 Results |  Tata Nano |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Election Commission |  Ramalinga Raju |  CitiBank  |  Satyam |  Maytas  |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  Bailout plan | ICICI |  Mumbai Terror Attack |  6th Pay Commission |  B-School | Mukesh Ambani | DLF  Sensex | Tax calculator |  Anil Ambani |  Infosys | Home Loan  | Bollywood | Subprime Crisis | Personal Finance |  inflation | oil prices |  World Bank | TCS |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us