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The travel and tourism industry’s direct contribution to India’s Gross Domestic Product (GDP) is expected to post an annual growth rate of 10.35 per cent between 2019 and 2028, according to a report by the Indian Brand Equity Foundation (IBEF), an Indian government trust, reports Shivangi Gupta for Moneycontrol. In 2020, the travel and tourism […]Continue Reading
Aviation Top Stories
Credit ratings agency Icra revised upward its projection of international air passenger traffic at Indian airports at 80-85 per cent of the pre-pandemic volumes during this fiscal. The volume of such travellers has already touched 72 per cent of the pre-Covid level in May. The steep recovery in international passengers’ demand came on the back […]Continue Reading
Aviation Top Stories
Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April as Covid-19 infection cases waned, leaving a gap of just 5 per cent when compared to the pre-pandemic level, ICRA said. Indian carriers had flown around 11 million passengers in April 2019. However, the domestic airline […]Continue Reading
Aviation Top Stories
Ratings agency ICRA Ltd expects India’s total passenger traffic to increase by 68-70 per cent on-year to 317-320 million in 2022-23, with domestic air passenger traffic expected to rise 64-66 per cent on year in the upcoming financial year. International air passenger traffic is also expected to grow 100 per cent in 2022-23 when compared […]Continue Reading
Aviation Top Stories
Continuing on the recovery path, domestic air passenger traffic crossed the 10-million mark in November for the first time since the pandemic hit the aviation industry in March last year but the coronavirus’ new variant Omicron has the potential to spoil the party, according to rating agency ICRA. After recording 1.23 crore domestic passengers in […]Continue Reading
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