Dynamic market development – GNTB India Pool – GNTB India Digital Travel Knowledge Tour India’s importance as a source market for international tourism is growing. According to analyses by Skift […] The post German National Tourist Board intensifies activities on the Indian market #NextStepsAsia appeared first on Travel Span ..read more

In Q1 of FY 2024-25, the corporation reported a total turnover of INR 87.62 crores, while Profit before Tax (PBT) hit INR 10.12 crores. Post general elections, all business verticals […] The post ITDC reports a total turnover of INR 87.62cr in Q1 for FY 2024-25 appeared first on Travel Span ..read more

Global business travel spending is set to reach a record US$1.48 trillion by the end of the year, according to the Global Business Travel Association (GBTA). The record figure is […] The post Global business travel industry spend to reach US$1.48 trillion in 2024 appeared first on Travel Span ..read more

A widespread technology outage grounded flights, knocked banks offline and media outlets off air  in a massive disruption that affected companies and services around the world and highlighted dependence on software from a handful of providers. Cybersecurity firm CrowdStrike said that the issue believed to be behind the outage was not a security incident or cyberattack. CrowdStrike CEO George Kurtz said the issue has been identified, isolated and a fix has been deployed. He said the problems were created for Windows users of its tools by a recent update. The outage created disruptions for ..read more

A sustainable initiative by Dubai Can, Dubai Reef is the world’s largest marine reef development project and marks a pioneering step in Dubai’s efforts to promote ecological sustainability. Working around a plan to deploy 20,000 purpose-built reef modules of various sizes over four years, Dubai Reef marks a significant endeavour for the city that will span a staggering 600 square kilometres across Dubai’s waters. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai has inaugurated the landmark Dubai Reef project wit ..read more

Global Corporate Travel Management Company, FCM Travel India, hosted its first FCM Corporate Travel Summit in Mumbai powered by the Global Business Travel Association (GBTA) with Hyatt India Hotels, Amadeus, and Singapore Airlines as sponsors. The summit was attended by more than 150 professionals from the travel industry, including key decision-makers. The event curated thought-provoking sessions for India’s business travel community which covered the latest business travel trends, technology, meetings and events, and sustainability. According to Sunny Sodhi, Managing Director of FC ..read more

Cvent has published the latest instalment of the Cvent Travel Managers Report: Europe Edition, which provides hotels, venues and destinations with in-depth insights into corporate travel sourcing trends and activity. The report reveals that a significant majority of respondents (80%) feel positive about the state of their organisation’s business travel activity. Among them, almost two-thirds (64%) expect their organisation’s travel volume to increase in 2023 compared to 2022, and nearly a fifth (19%) say the increase will be significant. Whilst travel growth means increased spending ..read more

GBTA’s annual forecast predicts a robust rebound in global business travel spending, reaching nearly $1.8 trillion by 2027, fueled by favorable economic conditions and pandemic response. The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected to surpass its pre-pandemic spending level of $1.4 trillion in 2024 − and grow to nearly $1.8 trillion by 2027. In 2022, global business travel spending rose 47% to $1.03 trillion, with strong gains continuing and 32% growth expected in 2023. These robust gains were fueled by pent-up d ..read more

Rising fuel prices, labor shortages, and supply chain challenges, coupled with red hot demand, caused travel prices to skyrocket in 2022 – far surpassing some of the increases outlined in last year’s forecast. MINNEAPOLIS – Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel ..read more

The value of face-to-face is undeniable, with professionals estimating 25% more revenu when meeting in person. And the bottom line isn’t the only equation when workers need interaction with colleagues and associates for their mental health and job satisfaction. Is the business world still Zooming from home? Has corporate travel spending made a full recovery from the pandemic? Are carbon budgets replacing financial budgets? Accor’s Masters of Travel advisory board meeting brought industry leaders from technology, law, energy, engineering, and pharmaceuticals to Brussels to create a vi ..read more