Travel Fees News
Airfares are down but insufficient hotel rooms are keeping travel costs high: Thomas Cook
International travel is expected to grow 4-5% this summer, aided by a relatively stable US dollar vs the rupee, although the euro's rise may affect European travel demand, said Mahesh Iyer, managing director and CEO of Thomas Cook India.
3 min read13 May 2025Summer travel season: Visa application volumes up 15-20%
Hot destinations include Europe, US, UK and Southeast Asia.
2 min read13 Apr 2025Why MakeMyTrip's CEO sees India's soaring aviation sector hitting a road bump
Limited flight availability and a rising preference for road travel might moderate the growth of India's aviation sector, warns Rajesh Magow, co-founder and group CEO of MakeMyTrip.
3 min read28 Jan 2025MakeMyTrip sees steady 24% revenue growth as travel demand strengthens
The online travel agency achieved a 24% revenue boost in Q3, totalling $267.4 million, with significant growth in air ticketing and bus segments. Net profit also increased to $27.1 million.
3 min read23 Jan 2025‘Travel sentiment across India is strong but inbound travel still an opportunity’
Hotel rates in India have increased significantly post-pandemic, yet demand remains strong, especially during the festive season. Despite challenges in inbound travel, improvements in infrastructure and a focus on domestic tourism are expected to help India regain pre-pandemic levels by 2025.
4 min read10 Oct 2024Travelling to New Zealand to get more expensive: Fees now nearly 3 times more to support tourism economy
New Zealand plans to raise its International Visitor Conservation and Tourism Levy on October 1 to address tourism-related costs.
1 min read4 Sep 2024Pack your bags: Man who has travelled to 190 countries reveals top destinations around the world, mentions India as…
Luca Pferdmenges, who has visited 190 countries, recommends exploring underrated destinations. He criticises overly touristy places and highlights the affordability of food in some countries.
1 min read18 Aug 2024Hotel companies expect recovery in second half of FY25 post tepid performance amid election, heatwave
-Domestic air travel increased in May 2024, but hotel occupancy rates in India remained unchanged-Kochi saw the largest year-on-year increase in occupancy rates in May
3 min read28 Jun 2024India 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 2024Spate 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 2024Popular Topics
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