Page 7 - Tourism Sector

Saudi Arabia attracts $13 bn private sector investment in tourism industry

'The current GDP contribution is 4.5% and we aim to get that to 10% by 2030,' she said in an interview. 'We started from 3.2% when we opened up for tourism.'

China's travel spending during Lunar NY holidays beats pre-Covid levels

During the holiday, known as the world's largest annual migration, tourist attractions across the country witnessed massive crowds

Tourism, hospitality industry likely to create 50 mn jobs in 5-7 yrs: HAI

Hotels' Association of India (HAI) on Monday said the hospitality and tourism sector expects to create 50 million direct and indirect jobs in the next 5-7 years but government support is required for getting the full industry and infrastructure status in states to tap the employment potential. The infrastructure status for the hospitality sector can push up investments not only to create accommodation, but also in the process boost income and employment generation, HAI President Puneet Chhatwal said while speaking here at the 6th HAI Hoteliers' Conclave. Chhatwal, who is also the Managing Director and CEO of Indian Hotels Company Ltd, said while tourism is a pillar of development creating about 10 per cent of the total employment and contributing 8 per cent to GDP with a huge multiplier effect that can help inclusive growth, "there is often a gap between this realisation and the actual policy implementation". Addressing a press conference, HAI Vice-President K B Kachru said in the .

Amitabh Kant calls for 25 mn job creation by 2030 in hospitality industry

India's G20 Sherpa Amitabh Kant on Monday asked hospitality and tourism sector players to tell politicians about creation of 25 million jobs by 2030 while seeking their help for the demand of industry and infrastructure status. Speaking at the 6th Hoteliers' Conclave organised by the Hotel Association of India (HAI), Kant said somehow the tourism industry has failed to tell the politicians that it is a big creator of jobs, while agreeing with their demand for industry status. "If you look at tourism, I think from a perspective of a political lens, the politician only understands one thing and that is how many jobs is the tourism sector creating," he said. Kant further said, "Tourism has a huge multiplier impact for every direct job that you create, you create seven indirect jobs, but I think somehow the tourism industry has failed to tell the politicians that we are a big creator of jobs." In terms of employment, Thailand creates close to 20 million jobs, Malaysia about 15 million

Diverse portfolio funds and beach holidays: Top personal finance stories

This week we tell you about multi-asset allocation funds and unspoiled coastal destinations

China displaces India as largest tourism market for Maldives amid row

Amidst a diplomatic row between the Maldives and India, Chinese tourists have overtaken Indian holidaymakers visiting the archipelago nation, according to official figures released here on Monday. According to official statistics from the Maldivian Ministry of Tourism, as of February 4, China, with 23,972 tourists occupied the number one slot (11.2 per cent market share in 2024); it was on the number three spot in 2023. India, which was on the number 1 slot in 2023, has slipped down to 5th position as of Sunday with 16,536 tourists (7.7 per cent market share in 2024) coming to this island nation. The development could be a fallout of a full-blown backlash directed at the Maldives following the derogatory remarks against India and Prime Minister Narendra Modi on social media by three Maldivian ministers after Modi posted photos and video on X of his visit to the pristine Lakshadweep Islands on India's west coast earlier in January. Soon after the remarks against Modi went viral, ...

Budget 2024: Sitharaman bats for developing iconic tourist destinations

The finance minister announced that long-term interest-free loans will be provided to states for financing the development of iconic tourist centres

ITDC zooms 20% as govt spells support for states to develop tourist centres

The Centre will provide long-term interest free loans to states to encourage the development of tourist centers, the FM said

In India's drive to boost tourism, tax becomes roadblock for industry

Sector struggling to recover from effects of pandemic created 1.6 mn jobs in 2023

Industry gives call to regularise hotels in state's residential areas

Hotel owners feel that if their problems are resolved, Rajasthan will progress significantly in tourism

Lakshadweep's 'one-stop' tourism guide website launched by Thrillophilia

Lakshadweep tourism: Rajasthan-based travel platform Thrillophilia has announced a dedicated online platform for Lakshadweep for all travel-related information

Various initiatives taken to boost tourism in Andaman & Nicobar: Chief secy

The Andaman and Nicobar administration has taken numerous initiatives to attract more tourists to the archipelago, including granting access to uninhabited islands, allowing beaches to remain open till late night and reaching out to more airline operators, a top official said. Speaking to PTI, Chief Secretary Keshav Chandra said that there will also be eco-friendly tourism infrastructure in four islands and 11 tourist sites. "The administration has taken various initiatives towards promotion of tourism... like development of a five-star property at Megapode in Port Blair in PPP mode, leasing out land at Radha Nagar Beach in Swaraj Dweep (Havelock Island)," he said. "Beaches are now being opened during late night hours for tourists to enjoy the heavenly sight of the landscape as well as the bio-luminescence. Efforts are being made to reach out to more airline operators that will lead to competitive and affordable pricing of tickets for tourists," he added. The administration is also

Airport to new resorts, Lakshadweep tourism is in for an upgrade: Details

Lakshadweep tourism: Some of the key infrastructure development projects lined up in Lakshadweep include an airport upgrade, resorts, and improved utility services among others

As India-Maldives row heats up, all you need to know about Lakshadweep

The Union Territory of Lakshadweep, India's smallest, is spread over an area of 32 sq km and consists of 36 islands and coral reefs in the Laccadive Sea

Diplomatic row leads Maldivian storm spread to travel, trade, celebland

As #BoycottMaldives trended, a travel technology firm decided to indefinitely suspend all flight bookings to the island nation. Meanwhile, searches for Lakshadweep shot up manyfold

Maldives' envoy summoned by govt amid diplomatic row over ministers' remark

The development comes a day after three Maldives ministers were suspended for their "derogatory" remarks on PM Modi, which triggered a massive nationwide boycott call against the island nation

EaseMyTrip suspends flight bookings to Maldives over tourism row with India

Maldivian ministers mocked PM Modi's visit to Lakshadweep, stating that India could not compete in terms of tourism

Maldives govt suspends 3 ministers for 'derogatory remarks' against PM Modi

All three had made scathing remarks about Prime Minister Narendra Modi visiting Lakshadweep. The government is currently trying to make the Union Territory a major tourism destination

Puneet Chhatwal takes over as FAITH chairman; will also remain Prez of HAI

Chhatwal is the managing director and chief executive officer at Indian Hotels Company Limited. He will be taking over from Nakul Anand, the former executive director at ITC Hotels

Business Standard wishes a safe and joyful New Year 2024 to all

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