Page 5 - Travel

Jungle Camps aims to hit Rs 100 cr revenue by 2028; firms up IPO plans

Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24. In line with its growth strategy, the Delhi-headquartered company has set its sights on an Initial Public Offering (IPO) to fund its expansion plans. Jungle Camps India clocked a total revenue of Rs 18.10 crore and a profit after tax (PAT) of Rs 3.59 crore in FY24, compared with total revenue of Rs 11.24 crore and PAT of Rs 45 lakh in FY23, registering a healthy growth of 61 per cent in revenues and a five-fold jump in profit. "With the rising demand for unique experiences in sync with ever-evolving consumer preferences, we're excited to announce an ambitious expansion plan to add one or more resorts & hotels to our portfolio. We're exploring funding opportunities through an IPO to broaden our reach and offer even more exceptional options to our guests," Gajendra Singh Rathore, Chairman of ...

FlixBus partners with Paytm to enhance global travel tech distribution

Global travel tech firm FlixBus has partnered with fintech major Paytm to expand its distribution network, a joint statement said on Tuesday. With this, FlixBus tickets will now be available through the Paytm app. "This collaboration is poised to drive substantial growth for both companies, expanding Paytm's travel options and reinforcing its position in the travel industry while enabling FlixBus to tap into Paytm's vast customer base and technological expertise," the statement said. "By encouraging more people to choose bus travel, we can significantly reduce emissions and make a positive impact on the environment. Webelieve it will significantly enhance the travel experience for millions of users," Surya Khurana, Managing Director of FlixBus India, said. Shares of Paytm settled at Rs 459.75 apiece on the BSE, down 2 per cent from the previous close.

Gujarati family drives from Ahmedabad to London in 73-year-old vintage car

The family covered 10,500 kms from Ahmedabad to London in 73 days, in a 73-year-old vintage car, crossing 16 countries along the way

In the shadow of the mighty Annapurna

The unusual charm of trekking to Mardi Himal in the rainy season

Travel credit card fintech records 30% rise in travel bookings this summer

Women solo travellers grew at the rate of 47%, whereas solo travellers who were men grew 39%

Demand high, plan visa application early: VFS Global senior executive

Doing so increases chances of timely decision on an application, says Yummi Talwar

Deadline to documents: What you must know about visa application process

The time a country takes to process a visa application depends on volume and seasonal demand

Financially savvy travellers: How Trisha and Modi plan their global travels

From Iceland to Africa, this globetrotting couple has seen it all by the age of 33. Here's how they prepare themselves financially for their adventures

Top 8 affordable travel destinations to visit in India, check the list here

If you are planning to take a trip in India to enjoy your summer vacation, your search ends here. Here are the top 8 places to visit

Chinese tourists expected to spend nearly $1 trillion on holidays at home

Spending by domestic holidaymakers is expected to be 11 per cent higher than 2019 - before the Covid pandemic stopped most travel, according to a report

Rajinikanth travelling to Kedarnath to embark on spiritual journey

Rajinikanth is travelling to Dehradun to continue his spiritual journey. Earlier, the actor went to Abu Dhabi's BAPS Hindu Mandir after receiving the golden visa

US to China: Check out WEF's top 10 countries for travel and tourism

India is in 39th position among 119 countries ranked by the forum based on infrastructure, sustainability and other factors

Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD

The Indian travel and tourism sector is well-positioned to capitalise on an upcycle, driven by factors, including the demand-supply gap, penetration opportunities in Tier II and Tier III markets and rebound in foreign tourist arrivals, according to Indian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal. In his address to shareholders in the company's Annual Report for 2023-24, Chhatwal said the Tata group hospitality firm is uniquely placed to capitalise on the opportunities provided by a dynamically growing industry. The company plans to make its 'Gateway' brand -- a full-service hotel offering in the upscale segment targeting emerging micro markets in metros, Tier II and Tier III cities -- 100 hotels portfolio by 2030, he added. "In India's evolving economic landscape, tourism has emerged as a powerful force driving not only economic growth but also forging a path towards a brighter and more inclusive future. With its rich cultural heritage and warm traditions, ...

Indian overseas spending hits all-time high of $31.7 billion in FY24

The yearly remittance data shows a robust inclination among Indians towards international travel, with expenditures totalling $17 billion in FY24

India to be power house for airline growth on travel eagerness: Report

India is expected to be a power house for future airline growth driven by the eagerness of people to travel and growing population, according to a report. In a report, the Netherlands-based ING Bank NV said India is set to deliver strong structural growth figures, and airlines are preparing for this with historically large orders for new aircraft from carriers Indigo and Air India. "The country plans to open a range of new airports, and strategically located countries such as the UAE, with the world's second largest airport in terms of passenger traffic in Dubai are anticipating strong transit passenger growth from Asia," it said. The report focusing on the outlook for the global aviation sector also noted that the long-term global growth outlook -- 20 years -- has generally been tempered in the post pandemic era to a range of 3-4 per cent annually instead of 5-6 per cent, with Europe seeing the lowest growth figure. Further, it said that one of the main reasons is that flying is

Visa free travel between Russia, India likely by year end, says Russian min

Consultations between Russia and India on a bilateral agreement to ease travel will begin in June, a Russian minister has said, adding that Moscow and New Delhi were set to strengthen their tourism ties by launching visa-free group tourist exchanges. "India is at the final stage of internal state coordination," Nikita Kondratyev, director of the Russian Economic Development Ministry's Department of Multilateral Economic Cooperation and Special Projects, was quoted by RT News as saying on Wednesday. The minister at the sidelines of the International Economic Forum Russia - Islamic World: KazanForum 2024 in Kazan said the first discussion on a draft agreement was scheduled to take place in June, and a signing was expected by the end of the year. "Russia and India are set to strengthen their tourism ties as they gear up for the launch of visa-free group tourist exchanges. The first round of consultations between the two nations is scheduled for June, with an aim to finalise a bilateral

Slow travel is the next big thing & Ahmedabad is among top 10 destinations

Slow travel is an approach to travel that stresses on connection: to local people, cultures, food and music

Emirate of Ajman records 7% growth in tourism revenue in Q1 of 2024

In 2023, October recorded a 5 per cent increase in tourism activity, leading to a significant 11 per cent rise in visitor numbers

Planning a trip: Check out countries with mandatory travel insurance

Travel insurance covers various risks and expenses associated with travelling, both domestically and internationally

Travel, tourism sector expected to add 58.2 mn jobs by 2033: NLB Services

With a continued growth momentum, the travel and tourism sector is all set to add 5.82 crore jobs across the country by 2033, a top executive of global technology and digital talent solutions provider NLB Services said on Monday. "The growing synergy of the sector has led to steadfast employment generation across the country both in tier I and II locations. In the pandemic year 2020, the tourism sector accounted for 39 million jobs, constituting 8 per cent of the nation's total workforce. Post the pandemic recovery tenure, this was one of the sectors that saw the quickest recovery," NLB Services CEO Sachin Alug said in a statement. Incidentally, talent demand in tourism recorded a 44 per cent spike in August 2023, and 1.6 million additional jobs were expected to be added in the calendar year 2023, he said. With the continued growth momentum, the travel and tourism sector is all set to add 58.2 million jobs by 2033, throughout the country, he added. Serving as a crucial source of ..