TravelBiz Monitor: India travel news, travel trends, tourism

T&T sector deal activity down by 31.7% yoy during Jan-Oct 2023: GlobalData

By TBM Staff - Mumbai Monday, 13 November 2023, 12:00 PM 349

A total of 621 deals* were announced in the travel and tourism sector globally during January-October 2023, which was a decline of 31.8% compared to the announcement of 911 deals during the same period in the previous year, finds GlobalData, a data and analytics company. An analysis of GlobalData’s Financial Deals Database also revealed that […]Continue Reading

Aviation Top Stories

Making history, Air India may buy 500 aircraft: Report

By TBM Staff - Mumbai Monday, 12 December 2022, 10:00 AM 394

Air India is close to placing historic orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious revival under the Tata Group conglomerate, industry sources told Reuters on Sunday. The orders include as many as 400 narrow-body jets and 100 or […]Continue Reading

Hotels & Resorts Top Stories

Accor signs deal for two new Novotel properties in Bhopal and Indore

By TBM Staff - Hyderabad Sunday, 24 July 2022, 10:48 AM 952

Accor, a world-leading hospitality group with over 420 hotels across India, Middle East, Africa and Turkey, continues to expand its footprint in Madhya Pradesh by signing two Novotel properties in Bhopal and Indore, scheduled to open in 2026. Accor signed a management agreement with Kwality Developers and Amar Krishna Leisure pvt ltd for the two […]Continue Reading

Hotels & Resorts Top Stories

OYO buys Direct Booker; INR 40 crore deal to expand footprint to Europe

By TBM Staff - Hyderabad Tuesday, 10 May 2022, 1:30 PM 952

According to the Financial Express, Ritesh Agarwal led travel-tech firm OYO has agreed to acquire Europe-based vacation rental company ‘Direct Booker’, the company said in a statement Monday. The deal has been completed at an acquisition price of over INR 40 crore ( or USD 5.5 million), the company added. Through the acquisition, OYO will […]Continue Reading

T&T sector deal activity down by 31.7% yoy during Jan-Oct 2023: GlobalData

Making history, Air India may buy 500 aircraft: Report

Accor signs deal for two new Novotel properties in Bhopal and Indore

OYO buys Direct Booker; INR 40 crore deal to expand footprint to Europe

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