Travel Firms

Travel firms bullish on R-Day, expect flight sales to pip New Year weekend

MakeMyTrip expects higher air travel demand for Republic Day weekend compared to the new year's eve weekend

Outbound travel picks up, India remains top source for several countries

Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals

Mahindra Holidays to invest Rs 1,500 crore on expansion in next 3 years

Mahindra Holidays & Resorts India Ltd plans to invest up to Rs 1,500 crore in the next three years in expansion, including room additions and resort acquisitions, according to company MD and CEO Kavinder Singh. The company is also considering launching a new upscale brand for managing resorts, through which it would also look to further grow its Club Mahindra memberships. "We are on a growth path. We have added 1,000-odd rooms in just about two and a half years," Singh told PTI. At present, Mahindra Holidays & Resorts India Ltd (MHRIL) has a total of about 4,700 rooms across 86 resorts -- 74 in India and 12 internationally, he added. When asked about future expansion, he said, "For us, we have to add resorts, that's the business we are in. We have a plan to easily add 1,200 to 1,500 rooms in about three years' time and that will happen at an estimated capital expenditure of about Rs 1,200 crore to Rs 1500 crore, which is sanctioned by the board". Among the major expansion ...

Rajasthan govt implements new rural tourism scheme, promises jobs

Agriculture tourism units will be set up on farm land on areas ranging from 2,000 square metres to two hectares (one hectare is roughly 10,000 square metres)

Travel fintech platform SanKash to hire over 500 in India in next 6 months

Travel fintech platform SanKash on Monday said it plans to hire 500 professionals in India over the next six months

Surge in bookings, cost cutting fuel 8-fold surge in IPO-bound OYO's Ebitda

Spike in adjusted Ebitda primarily driven by a 23% QoQ rise in Gross Booking Value per hotel in Q2 to Rs 4,00,000; firm still ends with Rs 333 cr loss

Hospitals see influx of foreign patients in Sept qtr as travel norms ease

Several corporate hospitals say international patient footfalls have crossed pre-pandemic levels

Tourist arrivals may just be a third of pre-pandemic levels this year

Rajiv Mehra, head of the Indian Association of Tour Operators (IATO), stated that he does not anticipate inbound foreign visitors to surpass 35 per cent of pre-Covid levels until March 31

Sold out: Hospitality firms set to cash in on upcoming long weekend

With fears regarding the pandemic largely abating, vacationers are flocking to popular destinations

Amadeus signs pact with Air India for providing passenger service system

Travel technology company Amadeus will provide passenger service system to Tatas-owned Air India as the airline works on ways to improve operational efficiency as well as customer experience. Air India is implementing the full Amadeus Alta PSS (Passenger Service System) suite, including components ranging from revenue management, revenue accounting, retailing, and merchandising, website, mobile and frequent flyer programme management, Amadeus said in a statement. The carrier signed an agreement with Amadeus in this regard on Monday. "The platform delivers a modern and efficient reservations solution to customers and travel partners. The advanced system will also equip Air India with technology that will enhance its operational efficiency," the statement said. Air India's Chief Commercial Officer Nipun Aggarwal said it was adopting several cutting-edge technology solutions to transform the airline's customer experience. "Amadeus Alta PSS is the first of many such initiatives to ...

Travel technology firm Egencia announces development centre in Gurgaon

The facility will focus on travel management, engineering, e-commerce, and used for technology support.

MakeMyTrip Q4 profit rises 8% to $12 mn; gross bookings exceed $1 bn

MakeMyTrip Q4 results 2022: The Nasdaq-listed firm had posted an adjusted operating profit of USD 11.1 million in the same quarter previous fiscal

Online travel player Wego to acquire Cleartrip's Mideast biz from Flipkart

The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022.

Easemy Trip consolidated profit after tax soars by 83.8% in Q3

The company had posted a profit after tax of Rs 22 crore in the same period last fiscal

Indian Hotels, IRCTC: Are travel related stocks a risky bet or a smart buy?

Any positive development in the travel industry may boost related stocks.

Air travel sees recovery, hotels and travel firms see brisk weekend demand

During the first ten days of August, some 90,000 passengers travelled via Delhi airport daily, which is five times higher than in mid-May

India urges foreign governments to ease travel restrictions for Indians

Indian students studying in institutions in China, Italy and several other countries have been stuck here in view of the travel restrictions.

Easy Trip Planners posts fourth quarter net profit at Rs 30.46 crore

Shares of Easy Trip Planners Ltd were trading at Rs 426.85 on BSE on Tuesday, up 1.81 per cent from the previous close.

Travel firm Thomas Cook India fourth quarter loss widens to Rs 20 crore

Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a late night regulatory filing on Thursday. Total income from operations stood at Rs 401.64 crore in the quarter under review. It was Rs 1,109.02 crore in the same period a year ago. For 2020-21, the company posted a net loss of Rs 295.19 crore as against a loss of Rs 17.65 crore in the previous year, Thomas Cook India Ltd (TCIL) said. Total income from operations stood at Rs 945.74 crore in the year. It was Rs 6,948.30 crore in 2019-20, it added. "We are already seeing positive signs with the tapering of infection rates globally and travel reopening in select countries, albeit in an understandably careful and calibrated manner," TCIL Chairman & MD Madhavan Menon said. This augurs well for the revival of the sector, with ...

Thomas Cook, BLS International: How to trade these travel-related stocks?

The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale