Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025.
It's interesting to note how each of Dubai's ambitious economic predictions rests on its tourism prowess and its ability to attract international visitors.
Tourism growth is determined by a number of internal and external factors including the location and cultural significance of a destination as well as the economic health of their neighbors.
The airline has been profitable since its second year of operation and the purchase marks a milestone in the carrier’s growth strategy, which includes an IPO by the end of 2013.