NEW DELHI: With around 9 million Indian travellers all set to travel around the country and abroad this holiday season, the country's aviation and hospitality sector are expecting increased profits, says a report by an industry chamber.
According to information gathered by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) from its various regional offices across India, despite airlines gearing up to hike airfares, passenger traffic to popular tourist destinations in India and abroad is likely to escalate by 35 to 40 percent and in some cases, by almost 50 percent compared to last year.
"With huge disposable income and rising spending power of senior corporate executives, high-end professionals in private sector, government officials holding senior positions etc., this year more people are planning on vacationing abroad," said DS Rawat, secretary general, ASSOCHAM.
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According to information gathered by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) from its various regional offices across India, despite airlines gearing up to hike airfares, passenger traffic to popular tourist destinations in India and abroad is likely to escalate by 35 to 40 percent and in some cases, by almost 50 percent compared to last year.
"With huge disposable income and rising spending power of senior corporate executives, high-end professionals in private sector, government officials holding senior positions etc., this year more people are planning on vacationing abroad," said DS Rawat, secretary general, ASSOCHAM.
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