India's Travel Market

Events-related travel to, within India hit amid rising Indo-Pak tensions

Several upscale hotels in New Delhi reporting cancellation or postponing of business meetings, conferences

Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO

Ayodhya hotels nearly sold out for New Year; 'darshan' timings extended

The temple town of Ayodhya is gearing up for a massive influx of devotees and tourists as the new year approaches, marking the end of the first English calendar year since the grand consecration ceremony at the Ram Temple was held on January 22. With nearly all accommodations in Ayodhya and neighbouring Faizabad fully booked, the Ram Janmabhoomi Teerth Kshetra Trust has extended 'darshan' timings for the devotees and made extensive arrangements to manage the anticipated crowd. "We are ready to welcome the devotees this new year. All our rooms have been booked in advance till January 15," Ankit Mishra, owner of a local hotel in Ayodhya, said. When last checked on Saturday morning, online booking platforms showed rooms still available at some hotels and lodges, even though a few establishments are charging upwards of Rs 10,000 per night due to the surge in demand. Ayodhya has witnessed a spike in religious tourism since the consecration ceremony earlier this year, and while the Hindu

India's corporate mobility market thrives amidst rising demand: Report

The ETS market, valued at Rs 50,350 crore in 2023, is projected to reach Rs 1.09 trillion ($13.2 billion) by 2030, according to the Red Herring Prospectus by Eco Mobility, a car rental company

Ixigo's parent firm says investors sell shares worth Rs 176 cr in pre-IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said its existing sharehoders have completed the sale of equities worth a little over Rs 176 crore in a pre-IPO round. Those who picked up shares are Ashoka India Equity Investment Trust Plc, Tata Multi Asset Opportunities Fund, Tata Digital India Fund, Bay Capital Holdings and Steadview Capital Mauritius, ixigo co-founders Aloke Bajpai and Rajnish Kumar told PTI in an interaction. The travel aggregator's certain shareholders -- SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, and Catalyst Trusteeship Ltd -- collectively sold 1.89 crore shares to these institutional investors on June 6 at Rs 93 apiece, which is also the upper end of the price band for the company's Rs 740-crore IPO. At this price, the total transaction is pegged at Rs 176.2 crore. This pre-IPO round has been completed just before the anchor round that opens o

How the G20 Summit can be leveraged to showcase India's tourism sector

Thrust on developing the tourism industry will help India achieve the $5 trillion economy target faster

States want e-buses, but manufacturers worry about repayment: Official

After more than 5,000 electric buses were readied in five states as part of the Grand Challenge scheme, there is a demand from other states for an additional 15,000

Govt employees can now avail air travel on LTC, Centre issues notice

The central government has issued new guidelines for the Leave Travel Concession (LTC) availed by employees, which will now include air tickets

Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival

Analysts expect that the travel sector is poised for a resurgence on the back of demand revival and increase in consumers confidence.

Hospitality deals pick up after a lull as HNIs, family offices check in

Family offices, high net-worth individuals and institutional investors are looking at the sector, say advisory firms

Squeezing out a great holiday deal as international travel opens up

With foreign travel set to pick up, here's how you can get the best deals for your trip, along with advice on the destinations you could to head to

Indian Hotels, IRCTC: Are travel related stocks a risky bet or a smart buy?

Any positive development in the travel industry may boost related stocks.

Chennai travel market on recovery track; 70% people keen to travel: Report

In addition to its holiday business, Thomas Cook India has observed increased uptick from the wedding and honeymoon segment

Indian travel market to cross $125 billion by FY27, says report

The surge in travel is fueled by improving airport infrastructure and increasing access to passports

Indians get more holiday options for Christmas as countries ease rules

Surge in trips planned for Africa, Oman and UK with expansion of air travel bubbles

What makes IRCTC click in the travel sector amid the Covid-19 pandemic?

Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier

High domestic demand: India's travel market to grow 11%, touch $48 bn

The biggest contributor is air travel which is expected to grow at 15% to $30 billion