Nakul Anand – आवारा मुसाफिर

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Hospitality industry has task cut out to achieve sustainability goals

September 27, 2023710 Views

India one of the few countries to adapt to changing times, says Nakul Anand, Chairman-FAITH ‘We Don’t Inherit the Earth from Our Ancestors, We Borrow it from Our Children’ “A vision of creating a $3 Trillion tourism GDP for India by 2047 through 100 million foreign tourist arrivals, 20 Billion domestic tourism visits and more than 200 Million direct and indirect tourism driven jobs — this is the scale envisioned by the Federation of Associations in Indian Tourism & Hospitality. The Ministry of Tourism’s unique initiative, ‘Travel for Life’ encourages Sustainability in Tourism and this will accelerate hospitality and tourism businesses”, stated Nakul Anand, Chairman FAITH. Anand was speaking at ‘Travel for LiFE’, a global first initiative by the Ministry of Tourism to boost ...

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Left out in cold by budget, travel industry looks for way ahead

UPENDRA SWAMI

February 4, 2021806 Views

It was definitely not what the Indian travel and tourism industry has been expecting. Budget 2021-22 has come as a rude shock for an industry, which has faced the most severe brunt of the COVID-19 pandemic in the last one year. Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74% according to the latest data from the World Tourism Organization (UNWTO). Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This collapse in international travel represented an estimated loss of USD 1.3 trillion in export revenues - more than 11 times the loss recorded during the 2009 global economic crisis. The crisis has put betwee...