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Search resuls for: "Lalitya"


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☆ Sold out hotels and spike in beer sales: How the Cricket World Cup could boost India's economy
  + stars: | 2023-10-19 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +7 min
Spectators react in the crowd during the ICC Men's Cricket World Cup India 2023 between India and Afghanistan at Arun Jaitley Stadium on October 11, 2023 in Delhi, India. Matt Roberts-icc | Icc | Getty ImagesIndia is once again hosting the Cricket World Cup after more than a decade. "We must remember that the World Cup coincides with the Diwali season. Media and advertisingDuring the last Cricket World Cup in 2019, a global average of 1.6 billion people tuned in. Spectators watch the 2023 ICC Men's Cricket World Cup one-day international (ODI) match between Australia and Sri Lanka at the Ekana Cricket Stadium in Lucknow on Oct. 16, 2023.
Persons: Matt Roberts, Shantanu Bhargava, Lalitya, Avi Mehta, Waterfield, Bhargava, Dhavala, Aditya Suresh, Suresh, Zomato, Prakash Singh, Mehta, —, Radico Khaitan, Shibani Kurian, It's, Tauseef Mustafa Organizations: ICC Men's Cricket, Arun, icc, Icc, Getty, Cricket, Waterfield Advisors, Hospitality, CNBC, International Cricket Council, Macquarie Group Demand, Bangladesh, Pakistan, Indian Hotels Company, Macquarie Group, Alcohol, Afp, Spirits, Kotak Mahindra AMC, Media, Disney, ICC, Board, Control, BCCI, Ekana Cricket Locations: India, Afghanistan, Delhi, Bangladesh, Sri Lanka, Pakistan, Ahmedabad, Australia, New Zealand, Netherlands, Pune, LSEG, New Delhi, Lucknow
☆ China's travel recovery gets more attention, but India's outbound market is 'booming' even faster
  + stars: | 2023-05-26 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +3 min
Company data showed that while outbound travel searches from most Asia-Pacific countries increased between 30% and 60% from 2019, searches from travelers in India jumped by 225%. Thailand, Singapore and Indonesia are top picks for Indian travelers. "Vietnam is within the top five destinations and it was never there in 2019," Morgenshtern said. "There's this perception that the Indian traveler's economic power is very low. It may be true domestically, but when it comes to outbound, I actually think it's on par with the Chinese when they visit other Asian countries," Agoda's Morgenshtern said.
☆ India's travel industry may not overtake China soon but there are still 'massive' opportunities
  + stars: | 2023-03-24 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +5 min
Nurphoto | Nurphoto | Getty ImagesIndia's airline industry may be on a strong growth trajectory — but don't expect India's outbound travel to overtake China's soon, aviation analysts say. "The gap between China and India is huge," Lalitya Dhavala, valuations consultant at travel analytics firm Cirium told CNBC. India's robust growth trajectoryThe analysts agree there's potential for growth in India's domestic and international travel market. In comparison to China, India has a larger share of young adults, with 40% of its population under 25 years old, Dhavala said. Late last year, Indian conglomerate Tata Group announced that Vistara will merge with national carrier Air India by March 2024.
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