Ajay Singh, Chairman and Managing Director, SpiceJet, has announced a landmark deal with Boeing with the purchase of 205 airplanes worth up to $22 billion (`150,000 crores). SpiceJet is set to fly higher after being close to a shutdown in December 2014. The mega deal is only a step closer, …
Read More »New service tax abatement hits travel trade hard
The recent abatement to service tax from 4.5 per cent to 9 per cent on tour operators has come as a big blow to the travel trade. While the CENVAT credit could be a boon for inbound operators, it might negatively impact the outbound business. Industry experts share their views …
Read More »An achievable aspiration
Cruising holidays are no longer the once in a lifetime, expensive, unreachable dream it used to be. India is now a supply-driven market as cruise liners are always looking for new markets and itineraries. We are seeing encouraging growth in cruise tourism in recent years with demand among Indian tourists …
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