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| Hotel:Occupancy up, but operating profit lags | 9th Nov, 09 , Mint |
The Indian hotel sector is on the road to recovery, given the uptrend in room occupancy rates, economic activity and marginal tariff revision. Leading hotel stocks have moved up, backed by a marginal improvement in revenue and profit. Yet sustained and robust earnings growth will set in only in fiscal 2011.
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| Air fares likely to go up in India and China next year | 9th Nov, 09 , Mail Today |
If you have missed this year's vacation because of the global economic meltdown and looking forward for one in 2010, then here's something that will set you back.
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| Tourism ministry goes all out for Games promotion abroad | 9th Nov, 09 , Mail Today |
Delhi may still be racing to complete Commonwealth Games projects, but publicity for the event is on in full wing.
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| Octoberfest for airlines as traffic grows 37% | 8th Nov, 09 , Economic Times |
Indian passengers have taken to the skies with full force again. Or perhaps they can't resist the attractive rates that airlines are Boeing's Top 15 global airlines offering. At least, that's the picture that recent figures for passenger growth seem to be portraying.
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| London Mayor vows to remove visa anomalies | 7th Nov, 09 , Economic Times |
Boris Johnson, the Mayor of London, plans to take up cudgels on behalf of overseas companies to campaign against “absurdities” in the UK visa regime which is making life difficult for Indian corporate working in London.
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| Hotel sector hopes the worst is over | 7th Nov, 09 , Business Line |
The ghosts of the first quarter continued to haunt hotel companies in the second quarter too. With no increase in uptake, their profits only shrank further.
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| Jet, Kingfisher raise fares on higher ATF prices | 7th Nov, 09 , Financial Chronicle |
The two largest private carriers, Kingfisher Airlines and Jet Airways, have hiked fares, albeit marginally, after holding on to them for close to 10 months. Airlines are foreseeing a revival in passenger traffic, giving enough room to the two to hike their fuel surcharge up to Rs 200 on domestic sectors. The previous hike was effected in January this year.
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| Govt may allow foreign airlines stake in domestic carriers | 7th Nov, 09 , Business Line |
The issue of allowing foreign airlines to pick ip a stake in domestic airlines is likely to be considered by the Committee of Secretaries at its meeting here on November 17.
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| Centre to consider 49% stake for foreign airlines | 6th Nov, 09 , financial Chronicle |
In what could breathe life into the loss-ridden aviation industry, the government will shortly consider a proposal to allow foreign airlines pick up to 49% equity in Indian carriers. This is despite stiff opposition from the country’s largest private airline, Jet Airways.
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| Jordan woos Indai tourists | 6th Nov, 09 , Business Line |
At Aqaba, a duty-free port city 300 km away from this Capital city, India and more precisely Bollywood, elicits high interest among downtown shopkeepers.
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