Travel Firms Bullish On R-Day, Expect Flight Sales To Pip New Year Weekend
It will be a busy Republic Day weekend for airlines and travel companies with leisure travel fueling high demand across the network.
MakeMyTrip, India’s largest online travel portal, expects higher air travel demand for Republic Day weekend compared to the new year eve weekend. “Goa, Kochi and Srinagar are the most booked leisure destinations while Patna, Guwahati and Lucknow have emerged as top tier-II and- III destinations. UAE, Thailand and Singapore rule the charts on the international front,” said Vipul Prakash, chief operating officer of MakeMyTrip.
Domestic air traffic has been surging since end-November. The demand has held firm in January too with daily traffic crossing the 400,000-mark on most days. In the first seven days of January traffic grew 0.5 over per cent over December and flights operated were over three per cent higher on a sequential basis. “Demand has held steady though it is lower than December. But this is encouraging as we didn’t see daily traffic cross 400,000 in April-May last year. We are expecting high demand during Republic Day weekend,” said a senior executive of a private airline.
“The bullish travel sentiment continues for the upcoming Republic Day weekend. Besides Goa, accommodation bookings in leisure destinations such as Pondicherry, Munnar, Kochi, Mahabaleshwar, Manali, Udaipur, Coorg and Lucknow are witnessing high bookings,” Prakash added.
The sentiment is echoed by Rajeev Kale, president & country head (holidays), Thomas Cook India. “We are seeing a brisk demand uptick of over 25 per cent,” he said. Apart from popular domestic destinations, short haul and easy access destinations such as Thailand, Indonesia, Maldives, Dubai and Singapore are in demand for the extended weekend,” he said.
“We are seeing considerable expansion in the market with over 25 per cent of our customer base for the season comprising new customers and also millennials,” added Daniel D’souza, president and country head of holidays, SOTC Travel.
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more