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Aviation
Indian aviation sector soars with 1,700 new aircraft orders despite challenges: ICRA

Indian aviation sector soars with 1,700 new aircraft orders despite challenges: ICRA

In a significant development for the Indian aviation industry, a robust order book of 1,700 aircraft has been secured, marking a noteworthy expansion over the current fleet size, which stands at just over 600. The

Hotels & Resorts
Indian Hotel Revenue to Grow 7-9% in FY25

Indian Hotel Revenue to Grow 7-9% in FY25

  The Indian hospitality sector anticipates substantial revenue growth of 7-9% in the upcoming financial year 2024-25, according to a report published by Investment Information and Credit Rating Agency (ICRA). Domestic leisure travel, Meetings, Incentives,

Aviation
Domestic air traffic to touch 14.5cr in next 12 mths: ICRA

Domestic air traffic to touch 14.5cr in next 12 mths: ICRA

Domestic airlines’ passenger traffic is estimated to grow at 8-13% in the 12 months from April to touch 145-150 million (14. 5 crore to 15 crore), which is much higher than the pre-Covid levels, said

Top Stories
India T&T sector to post annual growth rate of over 10% during 2019-28: IBEF

India T&T sector to post annual growth rate of over 10% during 2019-28: IBEF

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

Aviation
International passenger traffic at Indian airports to hit 80-85% of pre-Covid level: ICRA

International passenger traffic at Indian airports to hit 80-85% of pre-Covid level: ICRA

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

Aviation
Domestic air passenger traffic logs estimated 83% growth in April: ICRA

Domestic air passenger traffic logs estimated 83% growth in April: ICRA

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

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