But, return of international visitor spend yet to recover The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) reveals a significant recovery of India’s Travel & Tourism sector, with domestic tourism playing a pivotal role. The data shows that whilst domestic tourism is driving the recovery of the sector in India, international travel spend remains below pre-pandemic levels. According to the global tourism body’s latest research, the sector’s contribution to India’s GDP reached just over INR 19.13TN in 2023 – almost 10% ahead of 2019 levels. Employment in Travel & Tourism grew by 10% to reach just under 43MN, 8% more than in 2019. Domestic visitor spending was 15% ahead of 2019, reaching INR 14.64TN however international visitor sp...
Read MoreDay: July 1, 2024
Postcard Travel Club joins hands with RARE India in a strategic partnership to strengthen its footprint Postcard Travel Club, an inclusive community of conscious luxury travellers, travel designers, storytellers, and boutique properties that collectively advance responsible tourism, has formed a strategic alliance with RARE India, a collection of boutique hotels, wildlife lodges, and retreats across India, Bhutan, and Nepal. This partnership unites two pioneers advancing responsible tourism, and is further enhancing their commitment to environmental sustainability and community engagement through more conscious travel practices. Commenting on the collaboration, Amit Jaipura, Founder and CEO at Postcard Travel Club said, “Postcard Travel Club is delighted to announce a new allian...
Read MoreAlthough it took three years for the global travel and tourism sector to fully recover after COVID-19, the entire market has picked up the pace of solid growth and is on its way to reaching a new massive milestone. According to data presented by Stocklytics.com, the global travel and tourism industry is expected to gross $927 billion in revenue this year, 8.3% more than in 2023. This figure will grow by 14% and hit over one trillion dollars in 2027. Camping and cruises will remain the fastest-growing segments Four years after COVID-19 hit, it seems like the travel and tourism sector was never down on its knees, with people worldwide spending billions of dollars on traveling and vacation. Although inflation has significantly raised the prices of accommodation and tourist services,...
Read MoreLaunches Storii Devasom Spa & Resort at Kolkata Strengthening its brand presence pan India, Storii by ITC Hotels makes its foray into West Bengal with Storii Devasom Resort & Spa, Kolkata. Spread across 3 acres, this resort is the perfect getaway for a relaxing staycation or a spa holiday. Be it solo travels or celebrations with friends and family, Storii Kolkata provides you with a multitude of options to make it a memorable stay. Situated in the South City Retreat District, a short 20-minute drive from the Eastern Metropolitan (EM) Bypass, Storii Kolkata cocoons you from the cacophony of urban life, offering personalized and rejuvenating experiences that calm the mind and body. Committed to showcasing elements of the local ethos, Storii Kolkata features elegant overhang...
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