The growing YOLO (You Only Live Once) mindset, coupled with a desire for immersive outdoor experiences, is driving demand, primarily across age groups from 20 to 45 years.
Ultra-personalisation is the new standard for Indian tourists.
The collapse of Thomas Cook in the UK has no impact whatsoever in terms of ownership, business, people, technology or processes to us at Thomas Cook India: Madhavan Menon, chairman & managing director, TCIL.
Company's strategy is to 'milk the brand' as much as it can, as well as to look at an early transition.
Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent. Experts have said that the travel firm must not change its brand name.
Destinations like Coorg, Munnar, the Western Ghats, and parts of the North East, are at their scenic best in the monsoon.
Travellers are keen to explore traditional Indian arts and crafts like Madhubani painting in Bihar, pottery and weaving workshops in Rajasthan, or Kathakali and Kalaripayattu training in Kerala.
The primary drivers: Geopolitical disruptions inflating fuel and operational costs, and a surge in travel demand.
During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.
Airfares on major domestic routes such as Kolkata-Bagdogra, Delhi-Bengaluru, and Delhi-Mumbai have witnessed an increase of up to 12.7 per cent year-on-year (Y-o-Y) in May this year, according to data by Thomas Cook (India) and SOTC Travel. The recent increase in aviation turbine fuel prices, rupee depreciation, reduction of flights by key players, and grounding of planes due to engine supply issues have contributed to the rise in airfares, said aviation industry experts. However, the data also shows that summer airfares on key routes such as Delhi-Leh and Delhi-Kolkata have significantly decreased due to the introduction of new flights.
As domestic players sense a strategic partner, experts say firm may have to sell forex, travel businesses separately.
Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business travel platforms and reducing the total number of licenses required to establish a hotel. "A full-blown infrastructure status for the hotel sector and further rationalisation of the Goods and Services Tax (GST) and a Central single window clearance for hotel projects are some of the major expectations from the Budget 2024," Roseate Hotels & Resorts CEO Kush Kapoor said in a statement.
'With the current situation in the global job market, students come back with an added burden of educational loans.'
Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.
A significant 69% respondents indicated keen interest to travel in 2021 post ease in restrictions with 18% ready to travel immediately post unlock and 51% within 3-6 months.
'Rather than visiting famous monuments, travellers now prefer "experiential activities" such as biking, trekking/hiking, camping, river rafting, yachting, parasailing and zip lining; safaris and jungle adventures; and wellness holidays to rejuvenate themselves.'
Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
After years of being sequestered by the pandemic, some intrepid travellers are planning to settle their score with the novel coronavirus. With fewer or no travel curbs, they are eager to get back on the road, again. Hotels and tour operators, too, are eager to shed excess Covid baggage. And this year's Diwali promises to add that extra layer sparkle with the introduction of new flights.
While the company would have nine counters, Central Bank of India will have two.
India's largest carrier IndiGo will cut 20 per cent of its flights due to lower demand as a rapidly spreading coronavirus upends the recovery of air travel. The airline was operating around 1,200 flights as on Saturday. Other airlines are being forced to cancel flights as states tighten restrictions to combat the spread of the virus, and people are dropping last-minute travel plans. Airlines carried 2,518 passengers on 260,251 flights on Saturday, compared to 2,794 passengers on 358,856 flights the day before.
With a surge in domestic air passenger traffic, the airfares have risen by 30 per cent to 100 per cent of the pre-pandemic levels amid the festive season, a top Thomas Cook executive has said. The domestic air passenger traffic increased around 67 per cent year-on-year in October. Thomas Cook, however, expects the airfares to be levelled off going forward, as the domestic carriers operate with 100 per cent capacity.
The rupee depreciation will work in favour of students who are currently studying in the US and plan to secure a job that pays in dollars.
Thomas Cook India's internal data had highlighted Lucknow region as a high potential source market for holiday business.
Packages for this season are 30-40% cheaper than peak season and are for value-conscious travellers.
Thomas Cook India Ltd named Stefan Pichler chairman. He replaces Pradip Madhavji.
Travel companies are expecting a heavy rush to the US following the withdrawal of curbs on fully vaccinated travellers from select countries, including India, on November 8. The move will benefit those holding long-term tourist, business, and work visas. Also, new and extra flights by Air India and American Airlines are expected to provide better travel options.
Thomas Cook India Ltd board will meet on February 24 to consider the unaudited financial results for the quarter ended January 31, 2003.
Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power.
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
On the itinerary: Luxury camping, tribal homestays, heritage cities.
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
Travel companies are reducing the number of days from packages to make it more affordable for globe trotters.
Thomas Cook India, the country's largest travel-related service provider, said it slashed about 7 per cent of its workforce in 2008 and shut a few of the retail outlets as part of a plan to cut cost and boost profits.
Vacationers are showing a preference for areas that are near to their cities and preferably, can be reached by car. The areas in demand are hill stations or beaches four-five hours away from a city. For hotels in the vicinity, this is the right time to rake in the moolah. For instance, room rentals at some of the vacation spots near Mumbai have gone up by as much as 30-150 per cent.
Thomas Cook India Ltd has informed BSE that the Board of Directors at its meeting held today (January 16, 2003), taken on record, the appointed of Mr Stefan Pichler as a non-retiring Directors
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