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Learn moreOn the financial front, the industry continues to attract significant investment. From the rise of travel-tech startups to the soaring stock prices of major players, Ganapathy feels the sector is thriving. This financial momentum underscores the transformative potential of the Indian travel market, which is expected to grow to INR 97 billion by FY30.
The record-breaking growth has been bolstered by improved air connectivity and competitive promotional fares. In 2024, the Bengaluru-Tokyo route expanded to five weekly flights, while the winter 2024-2025 schedule now offers 26 direct flights per week connecting Delhi, Mumbai, and Bengaluru to Japan. Furthermore, new codeshare agreements between airlines promise seamless connectivity from multiple Indian cities, making travel to Japan more convenient than ever.
Airfares to Prayagraj and Varanasi have surged by 300-600 per cent during the Mahakumbh, with 8 in 10 passengers reporting they have paid excessively high fares in the last year. A survey reveals that 60 per cent of respondents want the government to cap fares at twice the standard price. Consumers are calling for stronger regulation to prevent fare profiteering.
India's pool of first-time international travellers is expanding rapidly. In the first half of 2024 alone, 15 million Indians ventured abroad, marking a 14 percent year-on-year increase and a 12 percent rise compared to pre-pandemic levels in 2019. By 2027, India is expected to ascend to become the world’s 5th largest outbound travel market, underscoring its growing influence on global tourism.
MakeMyTrip reported record financial results for Q3 FY25 with a 26.2 per cent rise in revenue to USD 267.4 million. Gross bookings increased to USD 2.61 billion. Adjusted operating profit grew by 37.6 per cent to USD 46 million. The strong performance reflects rising demand in the Indian travel sector. The company remains optimistic as travel demand continues to grow.
Ras Al Khaimah marks a historic milestone with 1.28 million visitors in 2024, a 12 per cent increase in tourism revenue. Key contributors to this success include new hotel openings, enhanced connectivity, and international events. The Emirate also earned global sustainability recognition and expanded its MICE sector. Ras Al Khaimah’s vision aims to attract 3.5 million visitors annually by 2030.
The executive order aims to deny citizenship to children born in the US if neither parent is a lawful permanent resident or citizen. It also prohibits federal agencies from issuing documentation proving citizenship for these children. The policy targets children of both undocumented immigrants and those legally in the US on temporary visas.
VFS Global has launched a new online platform for Indonesia’s Electronic Visa on Arrival (e-VoA), available to travellers from 97 eligible countries, including India. This platform simplifies the visa application process, allowing travellers to complete the application online and skip immigration queues at airports and seaports across Indonesia. It offers a smoother entry experience and is designed to enhance tourism to the country.
Speaking at the 19th India Digital Summit (IDS), Rajesh Magow, Co-founder & Group CEO of MakeMyTrip, discussed the next phase of India’s digital growth, focusing on rural India. He highlighted the transformative potential of smartphones, government initiatives like UID and UPI, and the role of the private sector in driving inclusive digital empowerment.
Ixigo has launched a dedicated microsite for Maha Kumbh 2025, offering pilgrims a one-stop solution for booking travel and exploring Prayagraj’s rich spiritual heritage. With bookings to Prayagraj surging by 2.6X, ixigo’s platform provides tailored itineraries, key event dates, and logistics support to ensure a seamless experience for millions of devotees from around the world.
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