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T&T sector deal activity down by 22.5% YoY during Jan-Feb 2024: GlobalData

T&T sector deal activity down by 22.5% YoY during Jan-Feb 2024: GlobalData

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same

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GBTA foresees India among Top 10 global business travel markets; plans Chapter opening by 2024

GBTA foresees India among Top 10 global business travel markets; plans Chapter opening by 2024

The Global Business Travel Association (GBTA) is set to expand its footprint in the Asia Pacific region, with a particular focus on India, China, Japan, and Australia. During her first-ever visit to India for the

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Air passenger demand grows 16.6% in January: IATA

Air passenger demand grows 16.6% in January: IATA

The International Air Transport Association (IATA) released data for January 2024 global passenger demand indicating a strong start for the year. Total demand, measured in revenue passenger kilometers (RPKs), was up 16.6%; total capacity, measured

Aviation
ATR eyes India as its leading market in the next decade

ATR eyes India as its leading market in the next decade

Jean-Pierre Clercin, the Head of Commercial for Asia Pacific at ATR, shared the company's expectation that India will emerge as its leading market in the next 10 years. ATR, a joint venture between Airbus and

Aviation
Asia Pacific (Excluding China) Hotel Construction Pipeline Hits Record High in Q4 2023

Asia Pacific (Excluding China) Hotel Construction Pipeline Hits Record High in Q4 2023

According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), the total hotel construction pipeline in the Asia Pacific excluding China (APEC) increased 4% year-over-year (YOY) and closed 2023’s fourth quarter with a

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Asia makes a comeback by contributing more than 58% of all IVAs

Asia makes a comeback by contributing more than 58% of all IVAs

  The Pacific Asia Travel Association (PATA) has unveiled the Executive Summary report detailing its latest projections for international visitor arrivals (IVAs) across Asia Pacific. The report indicates robust annual growth in numbers for 2024,

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