Harnessing the Tourism Potential

Tourism has potential to provide 1000 jobs per day – Mr. K.B. Kachru, Chairman, CII NR Committee on Tourism & Hospitality

Mumbai, November 2, 2017: A plenary session ‘Harnessing the Tourism Potential’ was organised at the CII Invest North 2017 conclave at Mumbai. Distinguished panellist from the tourism industry were invited to speak upon the ways to tap the immense potential of the tourism sector in India.

The Indian Tourism and Hospitality Industry is one of the key drivers of growth in the area of the services sector in India. Tourism has a very large potential to generate employment and approximately employs 13 million people across various sub-segments of the sector.

Tourism and Hospitality sector has attracted around US$ 9 billion of Foreign Direct Investment (FDI) during the period April 2000-March 2016, according to the data released by Department of Industrial Policy and Promotion (DIPP).

Today, Tourism and Hospitality sector has emerged as one of the the fastest growing industries globally. India has a huge untapped potential in the tourism sector and if developed properly it has the potential to add tremendous towards the growth of Indian economy.

Mr. K.B. Kachru, CII Chairman – NR Committee on Tourism and Hospitality in his opening remarks mentioned that over last 6 decades Tourism is the fastest growing sector globally and provided over 40 million livelihood across the globe. He further added that tourism has the potential to provide over 1000 employment per day and tourism sector can become one of the largest job providers if developed properly.

Mr. Apurv Kumar, Managing Director, Clarks Group of Hotels, shared that Tourism is contributing 10% to the GDP and employment in the tourism sector has grown at 2% annually. He also mentioned that today we have the fastest growing Tourism economy in G20 nations.

Mr. Mandeep Lamba, Managing Director, JLL India, in his address spoke how new innovations are happening in the tourism industry and the huge potential that India has in the tourism sector. He further added that 35 to 40% return is the bottom line if investments are done suitably in the sector.

Mr. Rahul Pandit, Managing Director and CEO, Ginger Hotels, speaking on the occasion expressed that travel is the biological need of humans, and tourism destination should be treated at par with natural resources. He also said that we are the youngest major economy in the world and travel and hospitality sector has the potential to drive the Indian economy. He also remarked that Tourism should be taught as part of education for it to grow and to increase awareness amongst youngsters.

Taj Mahal get its own official website authorized by the Indian government

Taj Mahal get its own official website authorized by the Indian government

Taj Mahal is one of the most popular tourist destinations in the world.

Indian government has launched an official website dedicated to Taj Mahal as they prepare for the upcoming 2010 Commonwealth Games scheduled to be held in Delhi.

Tons of tourists are expected to visit India during the event and Taj Mahal is expected to be one of the top attractions for most of them.

Indian government aims to make it easier for them to get all the relevant information so that their visit can be a pleasant one.

Government representatives said that are working on similar dedicated websites for other historic places like Fatehpur Sikri, Sikandra, Etmauddaula and Agra Fort.

Checkout: Taj Mahal

Jet Airways Konnect launched

Jet Airways Konnect launched

Jet Airways has announced that they are launching a new brand of airline services.

These services would be offered through their no-frills service named Jet Airways Konnect.

The aim is to cash in on the coming summer vacations in the Indian market.

This airline service would offer cheaper traveling options to potential customers.

This new airline service would connect Mumbai with Bhopal, Udaipur and Ahmedabad in addition to other routes like connecting Chennai with Coimbatore, Madurai and Kochi and Bangalore with Pune and Mangalore.

Jet Airways, Chief Commercial Officer, Sudhir Raghavan spoke at the launch of Jet Airways Konnect: “We are beginning operations of Jet Airways Konnect, our new all-economy, no-frills service, from tomorrow. The airfare will be 10-15 per cent lower on the new service compared to fares charged for our economy class.”

Vijay Mallya to run for Rajya Sabha from Kashmir

Vijaya Mallya to run for Rajya Sabha from Kashmir

Liquor industry giant Vijaya Mallya has announced that he would contest Rajya Sabha polls from Kashmir as an independent candidate supported by the National Conference.

He has also promised to take steps to promote tourism in the state which is now headed by Omar Abdullah as the newly elected chief minister.

Mallya added that his Kingfisher Airlines will come out with attractive tour packages targeted at the state.

Mallya further said that the India Inc does not want India to go on a war with Pakistan as it would further effect the economy which is already in a crisis.

Kingfisher Airlines to cut fares this New Year

Kingfisher Airlines to cut fares this New Year

India’s leading private airline company Kingfisher Airlines has announced that they would be cutting their fares from January 1.

The cost of aviation fuel has gone down significantly in the recent times and it enables the airline operators to cut the prices of their tickets.

Kingfisher Airlines Chairman Vijay Mallya said in a statement: “Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network.”

The company did not reveal the amount of cut that would be introduced in January.

Indian government asks Air India to cut fares

Indian government asks Air India to cut fares

Indian Civil Aviation Minister Praful Patel has asked the state owned airline company Air India cut the tariffs on their flights.

This is now likely to put pressure on the private airline operators in the country to do the same.

Jet, Kingfisher have already refused to accept the demands from the government to lower their fares.

Patel spoke about Air India: “Air India does not have to behave like the other two carriers. It is a responsible, government carrier. If oil prices have come down, so should fares.”

Air India is likely to reduce the fares next month.

Patel added: “Whatever little benefit has been given by the government must reflect in lower and better fares. Otherwise, public and government sympathy for your cause will go.”

Air France aims to become big in India

Air France aims to become big in India

Air France has been present in the Indian market for more than 50 years. The company now aims to become one of the major international airline operators in the country.

Kapil Kaul, CEO (Indian sub-continent and Middle East), Centre for Asia Pacific Aviation spoke about the market: “Though the domestic passenger numbers are likely to see a dip of 15 per cent in the second quarter of this fiscal, the outbound market from India still has a modest double- digit growth and the current number of outbound travelers of 30 million passengers will be 120 million by 2020. Therefore India is a significant market with Indian traveler recognized worldwide.”

The French airline company is considering deploying Airbus A380 in India for worldwide flights.

Jean-Louis Pinson, senior vice-president, International and the Netherlands division, Air France spoke about Indian plans: “India is a destination where we would look at deploying our A380s as and when the airport infrastructure at the Mumbai and Delhi airports supports the aircraft. That would also mean we will have to renegotiate with the Indian government our rights portfolio.”

He added: “We want Air France to be a preferred European airline for the Indian passenger and we are looking at a long-term investment in this market as the market has strong growth potential.”

Expedia enters Indian market

Expedia enters Indian market

Online travel company Expedia has announced the launch of their Indian operations.

The company has now launched an Indian version of their website which is accepting payments in local currency (Rupees).

The online travel industry has seen a massive boom in the recent times with several players trying to lure customers.

Some of their rival players in the Indian market include Yatra, IndiaTimes Travel, ClearTrip, MakeMyTrip and ezeego1.

Expedia said that their Indian division would now cater to Indian tourists via the Web site or by phone.

Travel - International hotel room bookings and cheap holiday activities at Expedia India

Checkout: Expedia India