Tourism industry is among the worst impacted industries due to the COVID-19 pandemic and all sectors including airlines and hospitality have been severely impacted. A helping hand, largely from government, is definitely required for the survival of tourism industry in India. Now what is debated in tourism industry is whether it should be in form of a direct financial grant or not! Government itself has not offered any views on that. Following the news that the Indian Association of Tour Operators (IATO) has urged the government to provide relief to the tourism sector that is in dire straits due to COVID-19; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading data and analytics company, said, that, “India, with over 4.2 million confirmed cases, is only ...
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Travel and tourism have been one of the main industries to be gravely affected by COVID-19, leaving many countries with no choice but to close its borders to tourists for months due to the global pandemic outbreak. This has resulted in huge losses for almost all countries, especially those with high dependence on tourism revenue. UNWTO said in its World Tourism Barometer update for July 2020 that international tourist arrivals (overnight visitors) saw a decrease of 56% in the first five months of 2020 over the same period of last year, according to data reported so far by destinations worldwide. International arrivals declined 98% in the month of May. This represents 300 million fewer international tourist arrivals in January-May 2020 compared to the same period in 2019, which tran...
Read MoreThe global travel and tourism industry is among the worst hit due to COVID-19 pandemic and deal activity in the sector is muted. Japan too is not an exception, though the country seems to be keen on reviving the industry by introducing new initiatives. However, with the resurgence of new COVID-19 cases and mixed response amid criticism and concerns over second wave of infections, deal making sentiment is expected to remain subdued for some more months, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the number of deals announced in the Japanese travel and tourism industry decreased by more than 50% in Q2 2020 compared to Q1. In a bid to revive COVID-19 battered domestic tourism industry, Japan rolled out a travel ...
Read MoreThings aren’t going right for the cruise industry at all. With world’s biggest cruise line Royal Caribbean Cruises Ltd announcing a more than expected loss in the quarter 2, two other cruise companies Seabourn and Holland America Line have cancelled their upcoming operations for more than three months. These news are certainly not going to cheer up the travel industry looking for some silver lining in these gloomy times. Just a week ago Cruise Lines International Association (CLIA) had announced that its ocean-going cruise line members have agreed to voluntarily suspend U.S. cruise operations until at least 31 October 2020. The Association had then issued a statement on behalf of its members. Holland America Line pause extension affects Caribbean, Mexico, Panama Canal, Pacific Coastal,...
Read MoreAfter, webinars, Facebook live sessions and zoom meetings we are now in for Virtual Expos. Although WTM, London is going to happen as scheduled in November, same cannot be said about Travel Exhibitions due in India. With case load of COVID-19 jumping daily to new heights and no breather looking close in sight, any big exhibition seems most unlikely this year. Therefore, we are already taking expos to virtual reality as well. South Asia’s first Virtual Travel Exhibition SATTE GenX is going to take place on 23rd September 2020. During these challenging times, SATTE offers an opportunity to the stakeholders of the industry to conduct business from their locations and connect with their target audience. This Virtual Expo is a part of the industry’s broader plan to gradually reopen the ...
Read MoreMeetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020, according to GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “MICE events are now taking place online, without the need for companies operating in the tourism sector. This is a worrying trend for all industries involved in travel and tourism - the longer restrictions and guidelines last around MICE tourism, while other national economies start to pick up, the more companies, attendees and event organizers may start to become accustomed to h...
Read MoreIndia’s Leela Palaces, Hotels and Resorts have been named the world’s best Hotel Brand in the world by Travel + Leisure in its this year’s readership survey. Another Indian hotel group Oberoi is at number 3 in the world and Taj Hotels make it India’s third position in the top 10 by ranked at no 8 in the top 25 Best Hotel Brands in the world. Leela Palace, Udaipur Leela Palace has just nine properties, but it managed to leap from the No. 10 spot in 2019 to take this year’s No. 1 position. Perhaps Leela’s focus is one of its greatest strengths. “I love small brands like these,” wrote one reader. “They can consistently give you high-quality accommodations and service.” Of course, the allure of India might also have played a role, as travelers have long felt drawn to places like Delhi’s...
Read MoreOne has only heard stories of Mughal splendour, their imposing palaces, lavish banquets and grand lifestyles. The only way to fully comprehend this extravagant lifestyle, is to actually live it.The medieval charm of Agra acts as a befitting backdrop to ITC Mughal - nestled amidst 23 Acres of luxurious gardens it has the distinction of being the winner of the First Aga Khan Award for Architectural Excellence, in Asia, in 1980 and till date, the only Indian Hotel to have won this prestigious International recognition. Reconstructing the Mughal splendor The Aga Khan Award states, “A splendid redbrick edifice that blends beautifully with the city’s landscape, the hotel's unique architecture draws inspiration from the 16th Century Architectural Marvel - The Fatehpur Sikri and thus recrea...
Read MoreIndia ranks among the top 10 countries for Medical Tourism as per the latest rankings released by the International Healthcare Research Center (IHRC). IHRC has published the third edition of its flagship survey tool, the 2020-2021 Medical Tourism Index (MTI), ranking the top ten destinations: Canada, Singapore, Japan, Spain, United Kingdom, Dubai, Costa Rica, Israel, Abu Dhabi, and India. The MTI ranks the American perceptions of 46 international healthcare destinations providing insight into how consumers view 41 criteria within three dimensions including Medical Tourism Industry, Destination Attractiveness, and Quality of Care. It becomes the ultimate planning tool for industry stakeholders looking to invest, benchmark, and improve market share in medical travel. The new MTI adds...
Read MoreAs signs of recovery continue in the business travel sector, travel procurement professionals are prioritizing the health and safety of employees according to a new poll released by the Global Business Travel Association (GBTA). Over half of travel buyers report their company has changed its travel policy and 70% characterize the policy changes as being ‘somewhat’ or ‘a lot’. When asked what travel program changes have been made due to the COVID-19 pandemic, instituting new rules about pre-trip approval (53%), having more frequent or detailed pre-trip communications or briefings (35%), collecting health information from employee travelers (i.e., virus exposure or pre-existing conditions; (24%) and clarifying or changing rules about ticket credits/unused tickets (22%) are cited most freque...
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