travel industry – Page 4 – आवारा मुसाफिर

TUI to shut 48 more shops in UK as travel crisis deepens

March 24, 2021346 Views

Signalling a trend of things to come in not just UK but in travel industry at large across the globe, holiday company TUI said it would shut 48 retail stores across Britain, adding to the 166 it has already closed there during the pandemic. A woman walks past the TUI travel center, amid the coronavirus disease (COVID-19) outbreak, in Harpenden, Britain, March 24, 2021. REUTERS/Paul Childs The shop closures will mean additional cost savings for TUI, which is headquartered in Germany and has relied on state-bailouts to help it survive the travel restrictions resulting from the COVID-19 pandemic. “The travel industry and the British high street are both facing unprecedented pressure. We can therefore confirm that we are proposing to close 48 retail stores,” TUI said in a statement o...

केरलखबरनामाट्रैवल उद्योग

11th edition of Kerala Travel Mart from March 1-5

AWARA MUSAFIR BUREAU

February 12, 2021429 Views

Kerala Travel Mart (KTM), India’s largest and most sought-after B2B tourism meet, has invited domestic and foreign buyers to interact with 700 sellers across the world during its five-day virtual event next month in a bid to stimulate the state’s tourism sector in the post-COVID scenario. The March 1-5 KTM, which will showcase the excellence and alluring products of the sector, seeks to give a huge impetus to recovery of tourism from the throes of the pandemic that has considerably dulled the sector for a year now but is now in a rebound mode. Registrations can be made at Kerala Travel Mart website and it can be accessed online by the media and visitors as well. The KTM Society, which organises the biennial event, is India’s biggest organisation in the travel and tourism. ...

खबरनामाट्रैवल उद्योग

Implementing Kamath Committee report won’t be easy for Tourism sector

AWARA MUSAFIR BUREAU

September 9, 2020509 Views

The tourism industry has welcomed the recommendations of the Kamath Committee, however industry players think it may be difficult for some to meet the parameters. The KV Kamath Committee has listed tourism among the 26 sectors that require financial restructuring in the aftermath of the COVID-19 crisis. The five-member committee appointed by the Reserve Bank of India (RBI) has recommended five financial parameters or ratios with sector-specific thresholds that lending institutions can factor in as part of a graded approach to restructuring or finalising a resolution plan for a borrower. The five parameters for each sector are the total outstanding liability to adjusted net worth, total debt to EBITDA, debt service coverage ratio (DSCR), average DSCR, and current ratio. Debt/E...

खबरनामाघटनाएं

For tourism everywhere, it is definitely going to be ‘vocal for local’

UPENDRA SWAMI

July 25, 2020649 Views

How do we travel during and after the ongoing COVID-19 outbreaks? The answer to this question not only affects our holiday plans as well as daily lives, but also the recovery process of the severely pressured leisure, tourism, and travel industries. Answer is never going to be easy, but one thing for sure is that in the months or probably more to come, long haul leisure will be least preferred. It means, domestic tourism is going to grow, people are more likely to stay close to homes, or at least in their country. Governments have realised this thing as well. They are sure overseas tourists are not going to come in that numbers. Crossing borders will be an uphill task as entries are restricted and banned depending on case load of COVID-19 pandemic. Thus, governments want everyone to tr...