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,…

ICRA estimates pan-India premium hotel occupancy at ~70-72% in FY2024, after recovering to 68-70% in FY2023.

Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April

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

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

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

The Indian hotel industry is going through its worst performance phase ever following the economic slowdown, the outbreak of Covid-19 pandemic and subsequent lockdowns. These have led to…

After reporting a year-on-year de-growth of 4.4% in domestic passenger traffic in April 2019, the first after six years of monthly year-on-year growth, the domestic passenger traffic…

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…