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Showing posts from October, 2024

TripFactory and Nexus DMC Parent ORN Ventures Secures USD 50 Million in Series A Funding from Global Corporate Group

TripFactory, led by Vinay Gupta and a team of entrepreneurs, has expanded globally post COVID-19, operating in over 110 countries. The company partners with travel agents to offer customized vacation packages. Recent investments will help TripFactory enhance its platform, diversify offerings, and improve customer experiences as demand for international travel from India surges. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/6DyBtI9 via IFTTT

Royal Caribbean lifts annual profit forecast on strong cruise demand, price hikes

Royal Caribbean increased its profit forecast for the year due to high demand and rising ticket prices. Despite challenges from Hurricane Milton, third-quarter revenues nearly met estimates. Hot weather is prompting early bookings for cooler destinations. The company expects strong demand for 2025 with higher booking rates, allowing further price hikes. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/9GlfPyg via IFTTT

OYO unveils new dedicated B2B vertical for corporate travel

OYO said its latest venture provides tailored corporate packages that include comfortable stays, customised meal plans, fully equipped conference setups, and on-site event management, ensuring a hassle-free experience for businesses. In addition to major cities, the platform will strategically tap into tier-2 and tier-3 cities, catering to the evolving needs of corporate travellers beyond traditional hubs. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/U2DRAIJ via IFTTT

Wedding industry in India holds immense potential: Tourism Minister

Tourism Minister Gajendra Singh Shekhawat highlighted India's wedding industry's vast potential, addressing the inaugural Wedding Tourism Summit & Expo by PHDCCI. With a significant portion of the population eligible for marriage, the sector can drive economic growth. Combining tourism with weddings could multiply growth, and an ambitious campaign already aims to position India as a premier wedding destination globally. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/7yaAr6g via IFTTT

Business travel set to exceed pre-pandemic levels, reaching $1.5 trillion in 2024: WTTC report

The report points to the US and China, the world’s largest business travel markets, as key drivers of the recovery. In the US, which accounted for 30 per cent of global business travel in 2019, corporate travel spending is expected to reach per cent 472 billion this year, a 13.4 per cent increase over 2019’s record figures. China is forecast to see a 13.1 per cent growth in business travel spend, reaching nearly per cent 211 billion. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/b2olnT6 via IFTTT

From Izmir to Alacati: Turkiye's hidden gems beckon Indian tourists

Destinations like Pamukkale, and Alacati are known for their natural beauty and historical sites, are drawing significant numbers of tourists. Indian travellers, in particular, are finding new destinations within Turkiye that offer exciting activities, including the beautiful regions of Izmir and Denizli. These up-and-coming spots, particularly Pamukkale and Alacati, are quickly becoming must-visit locations for those exploring beyond the well-trodden paths of Istanbul and Antalya. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/gxNpLQW via IFTTT

Concert tourism on rise: Diljit Dosanjh's Dil-Luminati tour sparks flight booking surge

According to data from World on a Holiday by RateGain, cities like Hyderabad and Guwahati have seen extraordinary spikes in flight bookings, with increases of 295 per cent and 281 per cent, respectively. Fans are flocking to these destinations to catch a glimpse of Diljit’s electrifying live performances, creating a ripple effect across the travel industry. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/DrkBxIv via IFTTT

Cruise Bharat Mission launched, aims to boost cruise tourism, double traffic by 2029

Union Minister Sarbananda Sonowal launched 'Cruise Bharat Mission' to enhance cruise tourism in India. The mission aims to double passenger traffic by 2029 and will be executed in three phases. The project targets developing infrastructure, increasing cruise ports, and improving the cruise experience to boost the Blue Economy and generate employment. from Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/aQ1RujS via IFTTT