The vision for the hospitality sector goes much beyond just branded hotels — to include tier-2 and 3 cities which will be crucial for tourism growth. Plus, other highlights from last week's news in hotel deals and development across the country.
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.
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.
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.
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.
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.