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Japan slides into recession, loses third-largest economy status

Japan slides into recession, loses third-largest economy status

In a surprising turn of events, Japan's economy has slipped into recession for the second consecutive quarter, fuelled by sluggish domestic demand. This downturn has led to the re-evaluation of Japan's global economic standing, causing

Outbound
Fiji records over 300% growth in Indian arrivals during Dec 2023

Fiji records over 300% growth in Indian arrivals during Dec 2023

The archipelago of Fiji has reached pre-Covid level of arrivals from India, and December 2023 saw approximately over 300% growth in numbers compared with the same month in 2022. Sharing insights, Robert Thompson, Executive Director

OTAs
Ixigo files DHRP with SEBI to raise INR 120cr via IPO

Ixigo files DHRP with SEBI to raise INR 120cr via IPO

Le Travenues Technology Ltd, parent company of ixigo, yesterday filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The Gurugram-based company's IPO will be a combination of a fresh issue

Outbound
Korea Tourism Organization unveils K-Incentive Scheme 2.0 for Indian travel trade

Korea Tourism Organization unveils K-Incentive Scheme 2.0 for Indian travel trade

The Korea Tourism Organization (KTO) has launched K-incentive Scheme 2.0, an enhanced programme designed to support and reward Indian travel agents who promote travel to South Korea. Leveraging the inaugural programme's success from last year,

Aviation
30 flights grounded daily as Mumbai airport struggles with congestion

30 flights grounded daily as Mumbai airport struggles with congestion

  Indian airlines are cancelling 30 flights per day until March 30, following a directive from the Airports Authority of India (AAI) to the Mumbai airport aimed at alleviating runway congestion. Government officials note that

Top Stories
Hospitality Industry Gears Up for 50 Million Jobs, Seeks Government Support

Hospitality Industry Gears Up for 50 Million Jobs, Seeks Government Support

  India's hospitality and tourism sector aims to create a 50 million direct and indirect jobs in the next 5-7 years, according to the Hotels' Association of India (HAI). However, they urge government support to

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