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Markets

European Stocks Steady After Week of France-Led Market Turmoil

European stocks steadied on Monday after enduring their worst week since October amid political turmoil in France.

2 min read17 Jun 2024
Industry

Mint Primer: More rights for foreign airlines: who will fly high?

Bilateral rights are granted under air service agreements between two countries. They are a set of commercial aviation rights granting an airline the right to enter another country’s airspace.

2 min read14 Jun 2024
Industry

Scorching heat sends tourists to the hills, and hospitality firms are loving it

Many five-star hotels are fully booked, as summer vacations begin. For June, the uber-luxury Oberoi-run Wildflower Hall in Shimla is charging ₹41,000-45,000 per night for a regular room, roughly 50-60% higher than the usual rates for the month, with at least three nights already sold out.

4 min read9 Jun 2024
Industry

Mint Explainer: How India is leading a shakeup of the global travel industry

India, Eastern Europe, and Southeast Asia are emerging as formidable sources of outbound holidaymakers, challenging the dominance of established markets. India stands out among these, with a rapidly growing middle class that’s spending more on travel.

5 min read6 Jun 2024
Web Stories

7 Best Cities to Relocate in 2024

Living and working abroad is becoming less of an impossible dream and more achievable for many people in today’s increasingly globalized society.

1 min read28 May 2024
Companies

India-Pak cricket fever spawns a travel bug few can afford

Global sports travel is a luxury far too expensive for most Indians. But those who can afford it are spending big sums to watch sporting extravaganzas such as the India-Pakistan cricket match in New York, Wimbledon, Formula One races, and the Paris Olympics

4 min read28 May 2024
News

Travel firms, hotels see a demand surge on pilgrimage circuit

Pilgrimage travel in India is thriving with a surge in demand for destinations like Ayodhya, Varanasi, and Char Dham circuit. Thomas Cook reports a 100% increase in bookings, while Sarovar Hotels sees significant revenue contribution from religious locations like Badrinath, Haridwar, and Tirupati.

5 min read26 May 2024
Economy

India slips 10 spots since 2019 on WEF’s travel & tourism ranking despite growth

Among the world’s top 10 economies, India’s slide down the rankings was the sharpest, followed by the UK, which fell 3 places since 2019 to occupy the seventh spot. The US retained its top position, while China, the world’s second-largest economy, moved a notch higher to 8 in the global rankings.

7 min read21 May 2024
Markets

RateGain Travel Technologies jumps around 12% on strong March quarter results; Q4 net profit up 48%

Shares of RateGain Travel Technologies surged almost 12 percent in intra-day deals on Tuesday after the firm posted strong results for the quarter ended March 2024 (Q4FY24).

2 min read21 May 2024
Companies

Spate of visa rejections have led MakeMyTrip to offer ticket cancellations if visa is rejected

MakeMyTrip introduces ’visa guarantee’ product for travellers to ensure full refund in case of visa rejection, addressing a common issue faced by Indian outbound travellers. Company reports strong revenue growth in Q4 FY24 driven by sustained travel demand in India.

4 min read17 May 2024
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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