Here is a roundup of what has been happening on the world-wide travel scenario for the week of 1st to 5th September, 2014.
78th India International Travel Mart
The hugely successful travel and tourism exhibition held in Gurgaon between 5th to 7th of September had more than 150 participants and registered a footfall of over 15,000 people. This can be attributed to the fact that the Indian overseas holiday sector is expected to grow in 2015, with an estimated 18 million Indian people travelling abroad.
Bullet Train Project on the Right Track
India and Japan are cooperating on Western Dedicated Freight Corridor, with the high speed rail corridor between Ahmedabad and Mumbai. INR 100 crore has been allocated for the preparatory work of the project, which will be utilized for skill development and studies on the proposed diamond quadrilateral project.
Free Overseas ATM Withdrawals: Thomas Cook
In a new partnership with the Allpoint Network, Thomas Cook India’s multi-currency Borderless Prepaid Card holders can now access 55,000 ATMs across the world. This move will ensure transactions without any surcharge, resulting in substantial savings for Indian travellers.
Global Hike in Hotel Room Prices
The first half of 2014 saw an increase of 4 per cent in the average hotel room prices, as compared to the same period in 2013. The global hotel price index (HPI) now stands at 115 points, registering the highest rate of increase since 2012. Economic recovery, global sporting events and currency fluctuations have been the major contributing factors for this growth.
Mapping Tourism Growth in South Asia
South Asia has seen the highest average growth of 7.2 per cent in tourist arrivals between 2005 and 2012. In 2013, 15.2 million foreign tourists visited the region, registering a 5.3 per cent growth over 2012. The Indian government has been highlighting the need for regional consolidation and travel exchanges among the countries of the region.