Travel industry poised to add record $11.1 trillion to world's GDP in 2024

The world will spend an unprecedented amount of money on travel in 2024. According to the World Travel and Tourism Council (WTTC), $1 out of every $10 spent globally will go towards travel, as people eagerly book hotels, cruises, and flights, reported Reuters.

Budget 2022-23: Extension of ECLGS, e-passports to shore up tourism sector

New Delhi/IBNS: The financial budget 2022-23 has earmarked 50,000 crore for the hospitality sector under the Emergency Credit Line Guarantee Scheme (ECLGS) and looks to introduce e-passports for easing the travel process globally.

West Bengal's tourism stakeholders seek 'same leeway' as malls, restaurants; appeal to Mamata

Kolkata/IBNS: Fighting renewed tourism restrictions caused by the omicron wave, the Association of Tourism Service Providers in Bengal (ATSPB) wrote an appeal to West Bengal CM Mamata Banerjee for opening all sightseeing spots in the state with 50 percent capacity.

Fareportal India banks on tech innovation, human capital to accelerate growth in online travel space

Gurgaon/IBNS: Fareportal India, an online travel company, looks to distinguish itself with a single codebase to accelerate launch of new features on a weekly basis to give it an edge over other major travel enterprises.