The Indian domestic aviation industry is expected to grow, albeit modestly, as travel demand remains robust. However, supply chain challenges continue to drive up costs for airlines, which then gets passed on to consumers.
Goa had decided to increase its permission fee as it was receiving a large number of applications. However, the high cost could have proved a deterrent for events business.
GMR group's decision to increase its stake in the Delhi International Airport comes at a time when airport operators' revenue growth could top 15% this year.
The upcoming festive season is driving a surge in demand for travel across India. Airfares remain stable due to early bookings and special discounts, but there could be a spike as travel dates near.
Today's podcast looks at a probe into U.S. airlines loyalty programs, a $40 million acquisition of Thomas Cook, and a step toward owning fewer properties for Hyatt.
For eSky, Thomas Cook's storied brand offers a shortcut to recognition in Western Europe. Or at least that's the wager of eSky's new private equity backer MCI Capital. As for Fosun, what will it sell next? Club Med?