Page 11 - Tourism Sector

Uttarakhand: Weak economy that could get crippled without Centre's support

The hilly state going to polls early next year needs to set its finances in order, and address the employment challenge

Omicron variant unravels travel industry's plans for a comeback

Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to travel

Inflation, high oil prices temporary; economy opening up: Officials

Inflation driven by high crude oil prices is a temporary phenomenon and the economy is gradually opening with both public and private investments picking up, senior government officials said

Centre set to resume tourist visas after 1.5 yrs of suspension due to Covid

The official said that it will be done in a phased manner and as per the feasibility, it will be open to all.

Himachal CM Thakur seeks $100 mn ADB project for tourism infrastructure

Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday sought revival of the $100 million ADB project (Phase I) aimed at building world-class tourism infrastructure in the state.

FAITH urges national coordination among states for tourism sector revival

The Federation of Associations in Indian Tourism and Hospitality (FAITH) on Thursday has urged for immediate national coordination among states for revival of the tourism sector after the pandemic. During a virtual meeting held with the tourism secretaries of all states and Union territories, FAITH urged the states for a coordinated support for waiver of statutory obligations of power, utilities, parking, inter-state tax tariffs, state goods and service tax waiver and industry status, it said in a statement. The apex industry body requested for standardised harmonised travel protocols, quarantine-free travel among vaccinated, and open spaces for F&B (food and beverages), among others. FAITH urged states to pursue through the tourism ministry and the Union government for opening up inbound travel and issue of tourist e-visas for vaccinated travellers, and abolition of tax collected at source (TCS). It also urged for tourism demand revival campaigns, fast track registration of ...

As countries ease restrictions for India, tourists firm up travel plans

Indian holidaymakers are taking advantage of this even as they deal with challenges such as limited non-stop flights, reduced visa slots and the lack of approval to Covaxin

SEIS allocation will help tourism-related services

Giving a substantial part of the meagre allocation under SEIS to hotels, restaurants and other tourism-related service providers against their NFE earnings in 2019-20 will help them cope with distress

Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt

Tourism economy fell by nearly 43 per cent and an estimated 14.5 million jobs were lost in the first quarter of 2020-21, according to details provided by the government in Parliament

Government to give tourist visa free of charge to 500,000 travellers

The scheme will be applicable till March 31, 2022 or till 5,00,000 visas are issued, whichever is earlier.

Jeff Bezos plans to fly on Blue Origin's first human spaceflight

Blue Origin is auctioning off a seat on its New Shepard rocket for the July 20 flight, an 11-minute trip to suborbital space that will reach an altitude of about 100 km

Sterling Holiday Resorts to have 5,000 rooms in its inventory by 2025

Sterling Holiday Resorts is looking to take the total numberof rooms in its inventory to 5,000 by 2025 as part of robust growth plans going forward, a top company official said. The company currently has over 2,400 rooms in over 35 resorts acrossIndia, including Sterling Nature Trails. "Sterling has aggressive expansion plans and aims to double its inventory from the current 2,400-plus rooms to 5,000 rooms by 2025. "In line with this, over the last one year, Sterling has opened resorts in Guruvayur, Thekkady and Rishikesh," Sterling Holiday ResortsChairman and MD Ramesh Ramanathan told PTI. For the upcoming resorts, several locations are on active search including Mysore, Udaipur, Jodhpur, Varanasi, Coorg and Kumarakom. Apart from this, we are keen on exploring options near Mumbai and along the coasts of Orissa, he added. When asked about the investment the company will be making for the expansion,Ramanathan said, "Our unique hybrid model enables us to expand using an asset light

From Marriott to MakeMyTrip, hotels and travel firms look for summer relief

Most hotels expect a marked improvement in the June quarter numbers compared to the December quarter

Analysts see demand revival, earnings comfort in Indian Hotels stock

Analysts also expect IHCL to maintain a valuation premium to peers due to its strong brand, which would aid pricing and occupancy levels

Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock

Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year

Lemon Tree, EIH: Good time to check into hotel stocks, say analysts

At the bourses, most hotel stocks have gained ground from their respective March 2020 low. ITDC, Lemon Tree Hotels, Indian Hotels, EIH and Taj GVK have rallied 56 per cent to 163 per cent since then

Focus on infra in Budget 2021 will help revive tourism sector: Tourism secy

The focus on the building of infrastructure will help improve connectivity for both domestic and international travellers, thereby helping the tourism sector to grow, Tourism Secretary Arvind Singh

Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism

The Ministry of Tourism has spent around Rs 37 crore in 2019-2020 to promote domestic tourism in the country

People are realising they can't stay locked forever: Sudeep Jain of IHG

In a Q&A, the Southwest Asia MD of the hotel chain says sentiment in the hospitality sector is improving with the reduction in the number of Covid-19 cases and vaccination drive

Maharashtra government issues coronavirus protocols for tourism sector

The SoP lays down that people above the age of 65, those with co-morbidities, pregnant women, children below the age of ten should stay home and venture out only for essential and health visits