Experiential travel market in India to reach USD 45 billion by 2027 WanderOn, a leading new age tech travel company today shared a survey on the Indian Travel Experiential Market. The company stated that the major force that will be driving the market would be Indian youth, and the experiential travel market is expected to reach USD 45 billion by 2027. This includes solo trips, guided tours, concerts, cultural immersions, and offbeat destination experiences that resonate deeply with Gen Z's preference for meaningful and personalized journeys. India’s tourism industry is undergoing tremendous transformation and emerging as a leading economic contributor to GDP’s growth in the country. Aspirational spending in today’s youth is one of the huge contributors to the overall numbers of tra...
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WTTC reports, Business travel also achieves record figures Latest data from the World Travel & Tourism Council (WTTC) has revealed that international visitor spend in India reached a record ₹3.1TN in 2024, 9% above the previous peak of 2019. After a prolonged reliance on domestic travel spend following the pandemic, WTTC’s latest Economic Impact Research (EIR) reveals international travel is not only back; it’s stronger than ever, reaching unprecedented levels last year. According to the data, while domestic travel has remained a vital force, with spending soaring to ₹15.5TN, (22% above 2019 levels), the revival of international tourism is now propelling the sector into a bold new era of growth. Travel & Tourism contributed almost ₹21TN to the Indian economy last y...
Read MoreSummer travel is heating up, with 70% of Americans saying they plan to vacation this season. New data from Squaremouth, the largest travel insurance comparison service in US, reveals key insights into where travelers are going and the trends that will shape this summer travel season. Squaremouth analyzed data from thousands of travel insurance policies purchased for trips this summer, revealing key destinations, traveler sentiment, and more. Travelers increasingly opting to stay closer to home Travel within the United States and to nearby destinations has gained momentum this summer, with travelers increasingly opting to stay closer to home this summer. The United States remains the most popular destination for travelers this summer, and Canada has risen to the second spot...
Read MoreThe return of Hong Kong’s home airline to the Italian capital comes as the Cathay Group nears 100 passenger destinations globally Cathay Pacific made its eagerly anticipated return to Italy’s capital today with the launch of its non-stop flight between Hong Kong and Rome. The new summer seasonal service is the fourth new destination to join Cathay Pacific’s global network so far in 2025, as the Cathay Group nears 100 passenger destinations around the world. So far this year, Cathay Pacific has launched new passenger services to four destinations, including Hyderabad, Dallas-Fort Worth, Urumqi and now Rome. Meanwhile, low-cost carrier HK Express has launched services to Sendai, Nha Trang, Ishigaki, Komatsu, Changzhou and Yiwu already in 2025. Cathay Chief Customer and Comm...
Read MoreTourism spending in the Middle East is projected to reach USD 350 billion by 2030
The ATM Travel Trends Report 2025, developed by Arabian Travel Market in partnership with Tourism Economics, predicts that travel spending in the Middle East will be 50% higher by 2030 According to the report, inbound travel to the region will increase by 13% annually from 2025 to 2030, with key source markets including Asia and Africa Business travel and luxury travel are also on the rise, as the Middle East becomes a key global hub for sports and entertainment A new report compiled by Tourism Economics on behalf of Arabian Travel Market (ATM) predicts that by 2030, total tourism spend in the Middle East will be 50% higher than in 2024, generating expenditure of nearly US$350 billion. The ATM Travel Trends Report 2025 reveals insights into the trends and transformations r...
Read MoreThe International Air Transport Association (IATA) announced updates to its 2025 airline industry financial outlook, showing improved profitability over 2024 and resilience in the face of global economic and political shifts. Highlights from the expected 2025 financial performance include: Net profits at $36.0 billion, improved from the $32.4 billion earned in 2024, but slightly down on the previously projected $36.6 billion (December 2024). Net profit margin at 3.7%, improved from the 3.4% earned in 2024 and the previously projected 3.6%. Return on invested capital at 6.7%, improved from the 6.6% earned in 2024 and largely unchanged from previous projections. Operating profits at $66.0 billion, improved from an estimated $61.9 billion in 2024, but down from the previously...
Read MoreIn a city known for extraordinary venues, the Queen Elizabeth 2 Hotel offers something truly unmatched – a prestigious setting steeped in history, anchored in legacy, and elevated by modern sophistication. As Dubai continues to grow as a global hub for business and events, the QE2 stands apart as a venue that inspires, impresses, and leaves a lasting mark. Strategically located in Port Mina Rashid – one of the largest lifestyle and cruise destination – the QE2 features a collection of distinctive event spaces, each designed to host diverse events – from high-level board meetings and conferences to grand galas, product launches, and celebrations of every scale. Ferghal Purcell, General Manager of the Queen Elizabeth 2 Hotel, stated: “Hosting an event on the QE2 is not just about ...
Read MoreThe International Air Transport Association (IATA) has announced that leaders of the global aviation industry are gathering for the 81st IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS) which will take place in New Delhi, India from 1-3 June 2025. India’s Prime Minister, Narendra Modi, is expected to deliver a keynote address to delegates. IndiGo is the host airline of the event, which was last held in India in 1983. Some 1,700 participants are registered to attend, including industry leaders, government officials and media. “We are excited to bring the IATA AGM to India after a 42-year gap. India’s place in global aviation has changed dramatically, particularly over the last decade. The country has seen record aircraft orders, impressive growth, and world...
Read MoreThe UN Tourism Executive Council has met again for a milestone session to build on the legacy of the last eight years. Meeting for its 123rd session, the Council assessed progress made around the priorities of innovation, investments and education and looked ahead with the nomination of Shaikha Al Nowais as new Secretary-General from 2026. Upon confirmation by the UN Tourism General Assembly, Shaikha Al Nowais will become the woman to hold the position. According to the May 2025 World Tourism Barometer from UN Tourism, over 300 million tourists travelled internationally in the first three months of 2025, about 14 million more than in the same months of 2024. On the back of this positive data, Member States were given an overview of the progress made in key areas designed to build a mor...
Read MoreThe International Air Transport Association (IATA) released data for April 2025 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 8.0% compared to April 2024. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year-on-year. The April load factor was 83.6% (+1.1 ppt compared to April 2024). International demand rose 10.8% compared to April 2024. Capacity was up 8.5% year-on-year, and the load factor was 84.1% (+1.7 ppt compared to April 2024), the highest ever for April. Domestic demand increased 3.3% compared to April 2024. Capacity was up 3.1% year-on-year. The load factor was 82.7% (+0.1 ppt compared to April 2024). “April was a positive month for travel. Growth strengthened...
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