The nearly three-year wait for an IPO launch just goes to show the immense challenges Oyo has faced in its plans to go public. Now, should the company manage to secure funds from investors beforehand, it will undoubtedly choose that path without any hesitation.
India’s Union Budget had it all for tourism — the good (domestic tourism boost), the bad (no clarity on travel tax, 60% cut in regional connectivity scheme allocation) and the ugly (a 97% slash in overseas promotion).
IHCL's strategic focus on Tier 2 and Tier 3 cities indicates a market expansion aligning with India's burgeoning middle class. While this helps meet evolving consumer demands it also ensures that the company grows beyond metropolitan areas.
India's middle-class is reshaping the nation's travel landscape. This surge in disposable income also marks a transformative shift in consumer behavior and spells out promising prospects for the hospitality sector.
India's emergence as an outbound tourism powerhouse, prompts the question of whether Maldives can afford to overlook this market for an extended period.
Prior to the rollout of DigiYatra for international travel, it will be imperative to address privacy concerns. Airports will need to strike a balance between security and individual privacy rights.
A whole year has passed since Tony Fernandes declared his superapp would exclusively focus on travel, and so far, he seems to be sticking to the script.
Recognizing the need for a significant image overhaul, Saudi Arabia understands that reshaping perceptions is crucial for it to achieve its ambitious tourism goals by 2030.