ICRA
India’s domestic air traffic to rise to 164-170mn: ICRA
Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry’s loss is pegged at INR 2,000-3,000 crore during the same period, according to rating agency ICRA.
Strong demand in H2 FY2024 to contribute to double-digit revenue growth for hotel industry in FY2024: ICRA
ICRA expects the Indian hotel industry to report double-digit revenue growth in FY2024, supported by the sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), and business travel, along with an increase in foreign tourist arrivals (FTAs).
Indian hotel industry to witness decadal-high occupancy of 70-72% in FY2024: ICRA
ICRA estimates pan-India premium hotel occupancy at ~70-72% in FY2024, after recovering to 68-70% in FY2023.
India’s domestic air passenger traffic witnesses 83% growth in April
Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April
India’s domestic passenger traffic grows 19% during February
The waning Omicron wave resulted in a sequential growth in domestic air passenger traffic by 19% at 76 lakh in February 2022 compared to 64 lakh in January 2022
India’s domestic air passenger traffic crosses 10-M mark in November
According to ICRA, 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
India’s domestic passenger traffic shrinks 29% in April 2020
For April 2021, domestic passenger traffic is estimated at 55-56 lakh, implying a sequential decline of 29% compared to 78.2 lakh in March 2021
No early road to recovery for Indian hotel industry: ICRA
The Indian hotel industry is going through its worst performance phase ever following the economic slowdown, the outbreak of Covid-19
Indian aviation industry starts a slow take-off in May
After reporting a year-on-year de-growth of 4.4% in domestic passenger traffic in April 2019, the first after six years of
ICRA: Kerala floods drench tourism growth
Popular as "God's own country"; Kerala is a big lure for inbound tourism in India. But the August 2018 flood in Kerala has severely affected the state's economy and even so the tourism sector.
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