Skift India Report

The rapid launch of two new products tailored exclusively for the Indian market within a span of less than six months just goes to show how important a market India is for Skift.

Demand drivers such as the G20 Summit, ICC Cricket World Cup 2023, wedding season and international tourist arrivals will continue to boost the demand for rooms.

While India has ambitious plans to position itself on the global adventure tourism map, it’s important that the government, tour operators, travelers and other industry stakeholders collaborate to focus on responsible growth of the sector.

Securing air traffic rights and finalizing slots at target airports are certainly the next set of prerequisites Akasa Air has to meet.

The diverse portfolio of services of the three companies that EaseMyTrip will be acquiring indicate that the company is serious about tapping into new revenue streams and reducing its reliance solely on air ticketing.

Travel and tourism companies are successfully building aspirational value into their travel benefits. Now they must pay heed to “predictable personalization” to engage with the customer in relevant ways.

While more people from tier 2 and 3 towns can benefit from the next phase of the regional connectivity scheme, it needs some tweaking to generate enough enthusiasm from airlines and stakeholders.

The surge in airfares and tour packages, coupled with millennials’ shift in spending patterns, is quite possibly driving the demand for travel loans.

It isn’t just about the number of people traveling, but also a series of bold investments India is making in infrastructure and expansion of its aviation sector. And the global travel industry must take note if it wants to capture a share of the market.

Industry experts are very bullish on the revenue growth of premium hotels owing to better operational parameters, largely due to domestic demand and global events like the G20 Summit and the Cricket World Cup 2023.