Tag: Business Travel
MICE, key growth driver for hotel industry: ICRA
ICRA's report on the Indian hospitality industry outlines key demand drivers for the next 9 to 12 months. The MICE segment is expected to...
“Business travel: primary hotel revenue growth driver”
A CRISIL Ratings report forecasts double-digit revenue growth for branded hotels, projecting 13 to 14 per cent growth this fiscal year and 11 to...
“75% hotel occupancy, driven by business travel”
Pradeep Shetty, VP, FHRAI expresses optimism for India's hospitality and tourism sectors in 2025. He anticipates hotel occupancy rates climbing to 75 per cent...
Indigo to add premium seats on key corporate routes
Indigo is set to add over 150 premium seats on the Delhi-Mumbai route, one of the world's most frequented domestic corporate travel corridors. The...
‘Business travel to exceed expectations in 2024’
A new research poll by the Global Business Travel Association (GBTA) has revealed that 86 per cent of global business travel buyers and suppliers...
‘Business travel predicted to surge 50%’
In the recently concluded World Travel Mart, experts opined that “business travel, while rebounding, is expected to experience a modest growth slowdown, with projections...
Business travel set to reach US$1.5 tn in ’24: WTTC
While leisure travel has nearly returned to pre-COVID levels, business travel is now rebounding and is expected to surpass 2019 figures by 6.2 per...
Business travel costs to stabilise through 2025
According to the 2025 Global Business Travel Forecast by CWT and GBTA, global business travel and events prices will moderate after recent increases. The...
Business travel market set to reach US$2,095 bn by 2031
According to Allied Market Research’s report, the business travel market was valued at US$689.7 billion in 2021, and is estimated to reach US$2,095.4 billion...
Business travel market to hit $2.1 trillion by 2031
The business travel market is expected to reach $2.1 trillion by 2031, according to a latest report by Allied Market Research. The research firm...
