ITC completes Demerger of ITC Hotels
The much-anticipated demerger of ITC Hotels Ltd. from ITC Ltd. has been successfully completed, marking a significant milestone for the conglomerate. As part of the restructuring, ITC Ltd. retains a 40% stake in its hotel business, while the remaining 60% is directly held by shareholders through a rights entitlement. The demerger aims to unlock value for the company’s 36 lakh shareholders, offering them direct exposure to the hospitality sector.
Tamarind Global launches premium luxury fleet to redefine travel
Tamarind Global, India’s leading Destination and Event Management Company, has just launched its all-new luxury fleet, uplifting its ground transportation solutions. The upgrade will help Tamarind Global to offer signature ground commute experiences for both corporate and leisure travellers. The new ground transport fleet includes the Maruti Suzuki Invicto, a car known as a seamless package.
Vistadome Trains, Srinagar-Katra link set to transform travel
The long-awaited Srinagar-Katra train service, part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), is expected to commence operations after January 20, 2025. The completion of necessary preparations, alongside successful trial runs, signals the imminent launch of the service, which promises to offer faster and more efficient transportation for passengers traveling between Srinagar and Katra.
Navi Mumbai hotel prices surge ahead of Coldplay Concert 2025
As Navi Mumbai gears up for the much-anticipated Coldplay concert in January 2025, the hospitality sector is experiencing a sharp uptick in hotel prices. A detailed report by Sciative Solutions sheds light on how such major events have led to significant pricing adjustments. They compared hotel rates for a regular month (September 2024) and concert month (January 2025) and found significant hike across all categories.
#First Opinion
“My vision for 2025 is that Indian Tourism will exceed the 2019 figures and digital marketing will become more aggressive. I also hope that all those countries were Indian tourist offices have closed down we should appoint Marketing agents in all the source markets. By 2025, I see the tourism industry becoming more sustainable, eco-friendly and innovative. It will focus on protecting nature and culture while giving travellers meaningful and memorable experiences. Technology will make travel easier and smarter, helping people explore the world in ways that are both convenient and eco-friendly. Sustainable practices will redefine the industry.”
Dr. Subhash Goyal,
Chairman STIC Travel and Air Charter Group
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