Skift India Report

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.

Oyo's foray into the lucrative premium hotel segment, which is largely dominated by legacy players, is not without its challenges.

While India has much reason to cheer over UPI transactions in Paris, it must wait and watch to get more clarity on the cost of the transfer as the adoption accelerates.

There has been a fundamental change in the way Indians perceive and engage with travel. As India continues to be a significant source of outbound tourism, destinations worldwide must recognize this changing landscape and adapt their offerings accordingly.

While this is just the beginning, can we trust an AI chatbot with all our travel plans just yet? Well, humans are the best guides for now.

Historically, any airline that has suspended operations in India has never restarted. But things have come a long way for Go First.

With new greenfield airports coming into existence and airlines’ induction of a large number of jets, the sector calls for an urgent requirement of more personnel to meet its burgeoning demands.

Although winds of change have begun to blow for the travel and tourism sector after three long bumpy years, a concrete roadmap is needed to fully revive the industry.