Outlook Business - October 2023

In this issue

PENNED TO PERFECTION

Corporate Travel Zooms Out to Reality

There are multiple shades and segments of tourism. The most notable among them are leisure, corporate, medical, education- and government-related and special interest travel. The last category includes travel for sports, films, adventure, pilgrimage and so on. Geographically, these forms of travel can be inbounded to or outbound from a country on a short haul or for long distance and for varying periods.

2 mins

India's MICE Market Needs an Uplift

India’s booming economy and rising number of business visitors have contributed to the spectacular expansion of the country’s outbound meetings, incentives, conferences and exhibitions (MICE) travel sector. Unfortunately, the same is not the case for the inbound MICE market. India attracts less than 1% of the worldwide MICE industry despite its extensive history, tourist attractions and new economic centres.

3 mins

BLEISURE BECKONS

A portmanteau of business and leisure, rapid growth of bleisure in the last two years reflects the evolution of travel and brings hope to the hospitality and tourism industry

7 mins

The Corporate Travel Conundrum

Business travel was once a badge of honour. As corporate soldiers, we once used to march around at airport lounges, dressed in our navy and grey suits, holding on to our leather carry-on bags, with a copy of The Financial Times tucked under our arms.

3 mins

LUXURY PLAYTHINGS

From opulent gadgets to high-end leisure essentials, some products are passport to a refined globetrotting experience. Kartikeya Shankar lists the ones that travellers should invest in

1 min

ESG CHECK-IN FOR RESPONSIBLE HOSPITALITY

The interests of the hospitality industry are deeply intertwined with those of the environment and people. It must prove its commitment to upholding global environmental, social and governance standards for its survival and growth

5 mins

Vinita Bhatia: WHEN THE BUSINESS HOTEL RISES WITH A DIFFERENCE

Uniqueness, be it in terms of service offerings, additional amenities or environment sensitivity, is helping major business hotels stand apart in the crowd

7 mins

The OPULENT TOUCH to Travel

The luxury travel segment is growing worldwide, with travel enthusiasts with deep pockets willing to pay whatever it takes for experiences that are unique, lavish and unforgettable

3 mins

TEEING OFF: The Subtle Draw of Golf Course Beyond the Game

Golfing destinations are not just for professional golfers. Their exquisite and serene locations provide a perfect opportunity for family holidays as well as corporate gatherings. While there are several popular international destinations that offer golf holidays, India is fast catching up

8 mins

LANDS THAT MEAN BUSINESS

Whether it is the bustling business districts of France, the tech-driven atmosphere of Ireland or the financial powerhouses of Germany and the US, each destination offers unique advantages for business travellers

2 mins

For The Pleasure Of Waiting

Airports are increasingly being designed or revamped to make waiting a memorable experience for passengers. From food to shopping to entertainment, they have it all covered

3 mins

NITIN GADKARI HIGH ON HIGHWAYS

Within the story of India's rapid infrastructure development, it is hard to miss the swanky expressways and highways that are giving the much-needed thrust to the country's ambitions. The man behind the massive infra push is Nitin Gadkari, minister of road transport and highways. In conversation with Neeraj Thakur and Rajat Mishra, Gadkari talks about his strategies for growth and dealing with issues like land acquisition and infrastructure financing. He also responds to the Comptroller and Auditor General's charge on Dwarka Expressway. Edited excerpts:

5 mins

Praycation: Religion To The Rescue Of Covid-Battered Travel Sector

By investing in the development of pilgrimage destinations, governments are harnessing the potential of religious tourism as a growth driver for the overall tourism sector. At the same time, it is good politics too

4 mins

Madhivanan Balakrishnan: IDFC FIRST is digitally savvy, knows customers well to build services around their needs

IDFC FIRST Bank has posted stellar results in the recent past. Riding on its digital capabilities, the bank is looking at constant innovation to serve its customers better. In a freewheeling interview with Suchetana Ray, editor, Outlook Business, and Nidhi Sinha, editor, Outlook Money, the bank's executive director and chief operating officer Madhivanan Balakrishnan talks about the bank's strategies, including the use of its digital capabilities, to enhance customer experience. Edited excerpts:

3 mins

THE SOCIAL INTROVERT

Amit Choudhary, chief operating officer of IT services major Wipro, is a self-confessed introvert who loves planning most of his non-work activities, be they golfing, skiing, playing board games or watching movies, around his family and friends

2 mins

JETSETTER'S GUIDE TO BUSINESS TRAVEL

Business travel is an important pillar of the tourism sector. Navjit Ahluwalia, senior vice president and India head of hospitality behemoth Hilton, lists his top five preferred business travel destinations, each offering a mix of economic vitality, cultural richness and infrastructure

1 min

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