WHEELS OVER WINGS
Beyond Market|February, 2024
Travellers ditch planes for cars as India's roads improve and costs drop
WHEELS OVER WINGS

Of late, a notable trend has gained widespread acceptance among travellers, wherein they increasingly choose road travel over air transportation due to soaring costs of airfares. This shift is particularly evident among families of four, comprising a couple and two children, who find driving to destinations within thousand kilometers more economically viable.

The enhancement of India’s infrastructure over the past three years, particularly in the form of improved highways and expressways, has further facilitated this trend. Additionally, the upgrading of infrastructure has prompted travellers to opt for Vande Bharat trains for journeys spanning a thousand kilometers or less.

Let us understand the economic considerations of road travel compared to air travel for distances up to a thousand kilometres. Furthermore, we will explore the expressways and highways that have played a big role in revolutionizing road travel in India.

THE SHIFT

Over the past decade, the concept of travel has evolved a great deal, witnessing a surge in trends such as weekend getaways, road trips, staycations (vacations close to home), workations (leisure trips with work as an add-on), and bleisure (business trips extended for leisure). In the last two years, these trends have substantially boosted leisure travel.

The easy availability of finance has also led to increased ownership of large-sized cars, particularly in major cities. This, combined with the travel trends, has contributed to a growing inclination among travellers to choose road travel for distances up to a thousand kilometers.

Denne historien er fra February, 2024-utgaven av Beyond Market.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra February, 2024-utgaven av Beyond Market.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BEYOND MARKETSe alt
PRUDENT PRACTICES
Beyond Market

PRUDENT PRACTICES

Banks worldwide navigate a complex balancing act, steering economies toward growth while safeguarding financial stability through thoughtful management of interest rates and credit risks

time-read
6 mins  |
August 2024
RETAIN ROULETTE
Beyond Market

RETAIN ROULETTE

Inexperienced investors spin the market wheel, chasing dizzying valuations and risking a bubble burst

time-read
5 mins  |
August 2024
UNRAVELED THREADS
Beyond Market

UNRAVELED THREADS

Bangladesh's crisis disrupts global textiles, offering India a potential opportunity, but production constraints limit its gains

time-read
4 mins  |
August 2024
PASSING THE BATON
Beyond Market

PASSING THE BATON

Succession planning helps ensure uninterrupted leadership

time-read
4 mins  |
August 2024
RISKY BUSINESS?
Beyond Market

RISKY BUSINESS?

SEBI's efforts to protect retail investors from derivatives market risks could inadvertently dampen market volumes

time-read
5 mins  |
August 2024
INFLATION-PROOF YOUR CHILD'S FUTURE
Beyond Market

INFLATION-PROOF YOUR CHILD'S FUTURE

Inflation might be stealing your child's future, but children's mutual funds can be their superhero

time-read
6 mins  |
August 2024
EMBRACE UNCERTAINTY, SAYS MARKS
Beyond Market

EMBRACE UNCERTAINTY, SAYS MARKS

Howard Marks urges investors to embrace uncertainty, long-term thinking, and focus on controllables, shunning in his memo “The Folly of Certainty”

time-read
7 mins  |
August 2024
IMPORTANT JARGON
Beyond Market

IMPORTANT JARGON

70% OF INDIVIDUAL INTRADAY TRADERS IN THE EQUITY CASH SEGMENT MAKE LOSSES, FINDS SEBI STUDY

time-read
4 mins  |
August 2024
AN ASCENT T'O NEW HEIGHTS
Beyond Market

AN ASCENT T'O NEW HEIGHTS

The IMF predicts India's economy to reach 55 trillion by 2047, driven by various economic indicators showing positive growth and government initiatives

time-read
5 mins  |
August 2024
CARRY TRADE CRASH: GLOBAL MARKETS REEL
Beyond Market

CARRY TRADE CRASH: GLOBAL MARKETS REEL

Japan’s Policy Shift Sends Shockwaves Through Global Markets, Including India, as Yen Carry Trade Disintegrates

time-read
4 mins  |
August 2024