The Indian Union Budget last week was a disappointment, but there was a bright spot with IndiGo, MakeMyTrip, and IHCL all reporting profitable quarters in their earnings calls.
International visitor spending in India in 2023 was 14% below pre-pandemic levels. UPI One World wallet eliminates the need for international travelers to carry currency, and could boost tourism spending in India.
IndiGo's strategy shake-up is evident as it moves from low-cost basics to premium offerings, with business class, wide-body aircraft, and now in-flight entertainment.
With IndiGo planning to induct Airbus A350 aircraft by 2027, potentially enabling flights to London, will it be considering Gatwick as a new destination?
India is emerging as a strong domestic aviation market. Increased investment in aviation infrastructure in the country, along with growing purchasing power of the Indian middle class is boosting the Indian aviation industry.
Paytm is a major fintech player in India and has a strong user base in smaller towns of India. This user base gives it a slight advantage over other OTAs.
MakeMyTrip's newest collaboration is with Air India Express to offer holiday packages on the airline's website and app. The move comes a month after IndiGo introduced a hotel booking option on its platform.
Rajasthan, a premier wedding destination in India, has much to offer including wildlife, museums, temples, and lakes. While the state is seeking to promote its various offerings, it does not want to lose out on the significant revenue from weddings and business meetings.
Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.