TBM Staff - Mumbai
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
TBM Staff - Mumbai
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,
TBM Staff - Mumbai
In a bid to strengthen its foothold in the lucrative Indian aviation market, Malaysia Airlines is set to enter into a code-share partnership with an Indian carrier. Captain Izham Ismail, the Group Managing Director of
TBM Staff - Mumbai
The International Air Transport Association (IATA) released data for November 2023 air travel performance indicating that air travel demand topped 99% of 2019 levels. Total traffic in November 2023 (measured in revenue passenger kilometers or
TBM Staff - Mumbai
Global travel and tourism sector witnessed the announcement of a total of 723 deals (mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9% compared to the 1,062
TBM Staff - Mumbai
A total of 666 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the travel and tourism sector globally during January-November 2023, which is a year-on-year (YoY) decline of 32.7% compared
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