IHCL REPORTS  HIGHEST FULL YEAR PAT AT RS. 354 CRORE – UP BY 24% Y-O-Y

It has been a strong showing despite the turbulence in global economies on account of the COVID pandemic. IHCL reported the highest full-year PAT at Rs 354 crore- up by 24 per cent year on year as well as the highest full-year EBITDA at Rs 1,100 crore, up by 20 per cent year on year.The Indian Hotels Company Limited (IHCL), South Asia’s largest hospitality company, reported its Consolidated and Standalone financials for the fourth quarter ending March 31st 2020, year ending March 31st

TBCSA for reopening international travel to South Africa by Sept 2020

The Tourism Business Council of South Africa (TBCSA) successfully presented the Tourism Recovery Strategy to Parliament’s Portfolio Committee on Tourism yesterday.The data-driven Tourism Recovery Strategy advocates unequivocally for an earlier phased reopening of international tourism to South Africa as soon as September 2020.While one of the comments raised by the Tourism Portfolio Committee was that the proposed September timing may be impacted by the predicted peak in COVID-19 infections

South Africa voted most popular post-COVID-19 destination

The Rainbow Nation of South Africa has been nominated the most sought-after destination through Tourlane’s recent survey, which analyzed aspirations of travel communities across the globe as travel restrictions steadily begin to ease off.South Africa emerged as the most popular destination for global travellers, towering above New Zealand and Canada. The survey also revealed that after many weeks of confinement, travellers were seeking an escape to the great outdoors (31%), followed by an

Israel’s Purple Standard for Reopening and Operating Hotels

In preparation for reopening Israel to both domestic and international tourism, Israel’s Ministries of Tourism and Health have outlined the “Purple Standard”, a new Standard Operating Procedure (SOP) for operating hotels in the country.For hotels to remain in compliance with the new procedures, they must reach and maintain several benchmarks outlined by the Ministry of Health officials, that will deem the property safe to welcome travellers.“It’s extremely important that hotels across our

Spain Will Wait

Turespaña, an agency under the Ministry of Industry, Commerce and Tourism, has launched a new video on social media platforms within the campaign ‘#SpainWillWait ́ in order to attract international visitors from July 1. “Spain is prepared to receive foreign tourists in safe conditions from July 1 and will do so with continuous love and hospitality. Through this video, we want to encourage you to plan your vacations to our country, where you can find a wide and diverse tourist offer that meets

New Zealand - India Virtual Chef Competition

Cricketing legend and Chennai Super Kings Coach, Stephen Fleming is putting his support behind New Zealand’s first ‘Virtual’ Chef competition – the ‘Quality NZ Culinary Cup’ which showcases New Zealand products in India. The competition was launched in response to the Covid19 outbreak to help keep chefs motivated and connected during a challenging time. Over 120 Chefs entered videos for the competition and the judges include members from the Culinary Association heads, Chef Davinder Kumar, Chef

SOTC Travel bets on Domestic Travel

Introducing Back to Life Holidays for the Indian traveller, SOTC is certain that with the recent resumption of domestic flight routes in India, domestic travel is set to grow with renewed fervour as a new era of travel emerges post COVID-19.According to the Holiday Readiness Travel Report – Future of Travel post-COVID-19, prepared by the company: Travel is set to rebound, as Indians will continue to travel. 14% of respondents indicated that they are likely to travel in 2020 once restrictions are

Ebix Statement on Termination of Merger Agreement with Yatra

The termination of the merger agreement between US-based software company, Ebix Inc and Online travel company Yatra Online Inc which could have created India’s largest travel services company, has sent shock waves in the travel industry. In 2019, Ebix Inc had entered into an agreement to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for an enterprise value of USD 338 million (approx Rs 2,300 crore). Ebix Inc issued a statement on the termination of the Merger

South Africa prepares to re-open travel in phases

South Africa has been globally lauded by key COVID-19 experts for handling the pandemic in an effective manner, slowing down infections and implementing various lockdown measures through a risk-adjusted strategy aimed at easing restrictions