Page 4 - Tourism Sector
Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock
Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year
 "Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock")
Lemon Tree, EIH: Good time to check into hotel stocks, say analysts
At the bourses, most hotel stocks have gained ground from their respective March 2020 low. ITDC, Lemon Tree Hotels, Indian Hotels, EIH and Taj GVK have rallied 56 per cent to 163 per cent since then
 "Lemon Tree, EIH: Good time to check into hotel stocks, say analysts")
Focus on infra in Budget 2021 will help revive tourism sector: Tourism secy
The focus on the building of infrastructure will help improve connectivity for both domestic and international travellers, thereby helping the tourism sector to grow, Tourism Secretary Arvind Singh
 "Focus on infra in Budget 2021 will help revive tourism sector: Tourism secy")
Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism
The Ministry of Tourism has spent around Rs 37 crore in 2019-2020 to promote domestic tourism in the country
 "Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism")
People are realising they can't stay locked forever: Sudeep Jain of IHG
In a Q&A, the Southwest Asia MD of the hotel chain says sentiment in the hospitality sector is improving with the reduction in the number of Covid-19 cases and vaccination drive
 "People are realising they can't stay locked forever: Sudeep Jain of IHG")
Maharashtra government issues coronavirus protocols for tourism sector
The SoP lays down that people above the age of 65, those with co-morbidities, pregnant women, children below the age of ten should stay home and venture out only for essential and health visits
 "Maharashtra government issues coronavirus protocols for tourism sector")
The travel entrepreneur who beat the market downturn not once, but twice
Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one
 "The travel entrepreneur who beat the market downturn not once, but twice")
Revenge travel gains momentum but with caution; tourism sector optimistic
Goa, Kerala, Maldives and Dubai among the popular destinations
 "Revenge travel gains momentum but with caution; tourism sector optimistic")
Rural tourism projects underway in Bihar, Kerala: Tourism Minister
The ministry of tourism has sanctioned two projects in Bihar and Kerala at a cost of Rs 125 crore under the Rural Circuit as part of its endeavour to take tourism to the villages of the country
Travel, tourism sector likely to lose Rs 5 trn due to Covid crisis: Report
The coronavirus pandemic has dealt a crippling blow to the Indian travel and tourism industry and the entire value chain linked to the sector is likely to lose around Rs 5 trn, according to a study
 "Travel, tourism sector likely to lose Rs 5 trn due to Covid crisis: Report")
Tourism in dire straits due to Covid; needs urgent relief from govt: IATO
Industry body IATO on Monday urged the government to provide immediate relief to the tourism sector, which has been severely hit by the Covid-19 pandemic
Covid-19 pandemic turns summer into European tourism's leanest season
Bruges mayor Dirk De fauw first realised something was desperately wrong with European tourism
 "Covid-19 pandemic turns summer into European tourism's leanest season")
After hotels, banquet halls to be opened soon at half capacity: Tourism Min
Speaking at a webinar organised by the PHD Chamber of Commerce and Industry, the minister said the tourism sector has faced severe challenges due to the pandemic
 "After hotels, banquet halls to be opened soon at half capacity: Tourism Min")
CII seeks govt intervention for revival of Covid-hit tourism industry
Industry body CII has sought intervention and support from the government to ensure revival of the tourism industry, majorly impacted due to the Covid-19 pandemic
 "CII seeks govt intervention for revival of Covid-hit tourism industry")
Hiring picks up 35% in June qtr from a low of -50% in April: LinkedIn
Top five in-demand jobs are software engineer, business development manager, sales manager, business analyst and content writer
 "Hiring picks up 35% in June qtr from a low of -50% in April: LinkedIn")
Singapore's jobless rate jumps in Q2, nearing financial crisis peak
The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009
 "Singapore's jobless rate jumps in Q2, nearing financial crisis peak")
IT industry veteran Tiger Ramesh launches caravan tourism services company
The former CEO of CSS Corp has attracted cricketer Anil Kumble, international musician Vijay Prakash, TaxiforSure co-founder Aprameya Radhakrishna, IT honcho Phaneesh Murthy as investors
 "IT industry veteran Tiger Ramesh launches caravan tourism services company")
Exports likely to improve in May, contraction expected to be 30-35%: Goyal
Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.
 "Exports likely to improve in May, contraction expected to be 30-35%: Goyal")
40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent
 "40% tourism firms staring at complete shutdown risk in next 6 mnths: Report")
Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat
Business Standard brings to you the top headlines of the day.
 "Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat")
