Sector Hotels, Restaurants & Tourism - Latest news, views and updates

SECTOR | 27 Sep 2024

Govt plans to increase airport number to 350 to boost connectivity, tourism

Business Standard

Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Friday said as India strives towards becoming a 'Viksit Bharat' by 2047, the ministry is seeking to increase the number of airports in the country to 350 and boost tourism. In his address at an event held to mark the World Tourism Day at Vigyan Bhawan here, he also said his ministry is working on connecting more hinterlands locations which are close to unexplored sites. Naidu emphasised the government's vision of boosting domestic connectivity and providing better facilities and warm hospitality at airports to welcome foreign tourists, as airports are "gateways to a country". "Today, we have 157 airports but in the next 20-25 years, when we are going to see the real Viksit Bharat in 2047, we want to increase the number of airports which is 157 today to the tune of 350," he said at the event hosted by the Tourism Ministry. He also congratulated the tourism ministry after Union Tourism Minister Gajendra Singh Shekhawat announc

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

India to offer one lakh free visas: Tourism Minister Gajendra Singh Shekhawat

Business Line | 27 Sep 2024 4 more

Hotels, Restaurants & Tourism

SECTOR | 25 Sep 2024

Inbound Tourism Trails Pre-Pandemic Levels, Forex Earnings Up

NDTV Profit

In comparison, globally, FTAs in the first seven months of 2024 were at 96% of the pre-Covid levels of 2019, implying India is behind the curve, it added.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 23 Sep 2024

We expect over 12,000 Indian tourists in 2024: Israel Ministry of Tourism

Business Standard

Israel expects more than 12,000 Indian visitors, mainly in the pilgrim and MICE (meetings, incentives, conferences, and exhibitions) segments, in 2024, according to a senior executive at the Israel Ministry of Tourism. The war-torn West Asian country has recorded 6,800 travellers from India till August this year. "Irrespective of the current scenario we are very positive. We're just waiting for the situation to calm down even more than what it used to be for us to see growth. We have welcomed 6,800 travellers, mostly pilgrims and business, from India and 6,72,400 globally in the January-August 2024 period, which was very organic," Israel Ministry of Tourism (IMOT) India Director of Marketing Amruta Bangera told PTI. Israel's Tourism Ministry expects to double the 6,800 tourist footfalls to over 12,000 in 2024, from India that it received in the first eight months of this year, she said. Among Asian peers, India contributes the second-highest number of tourist footfalls in Israel af

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 22 Sep 2024

Statsguru: Tourism industry shows recovery but challenges remain

Business Standard

The tourism sector is facing a year-on-year decline in the share of jobs created

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Kochi to host Kerala Travel Mart from September 26

Business Line | 22 Sep 2024

Hotels, Restaurants & Tourism

SECTOR | 21 Sep 2024

Oyo to acquire US hotel chain G6 Hospitality from Blackstone Real Estate for $525 million in all-cash deal

Business Today

OYO has expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add 250 hotels in 2024.