The growth will be supported by improving infrastructure, rising disposable incomes, a shift in travel patterns, and the government’s focus on boosting domestic tourism.
This growth follows a strong fiscal year where revenue surged by approximately 40 per cent to around Rs 14,500 crore, surpassing pre-pandemic levels by about 20 per cent.
The credit profiles of travel operators are expected to remain healthy, supported by strong balance sheets and steady operating margins of 6.5-7 per cent, resulting in substantial cash flows and low reliance on debt, the Crisil report noted.
An analysis of four major travel operators, accounting for around 60 per cent of the sector’s revenue, supports this optimistic outlook.
This story is from the August 05, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 05, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Man kills neighbour for interfering in dispute
According to the police, the incident occurred on Wednesday when the accused, Dhiraj, was abusing and assaulting his wife.
North East Festival kickstarts at Major Dhyan Chand stadium
The 12th edition of the North East Festival kick-started on Friday at the Major Dhyan Chand National Stadium in New Delhi.
Man stabs wife in Delhi's Samayapur Badali
A 40-year-old woman was stabbed to death by her husband in a domestic fight at their house in outer-north Delhi's Samayapur Badali area, police said on Friday.
Retired man conned of Rs 10 crore in cyber fraud
A retired 70-year-old engineer from Rohini in Delhi was trapped in a cyber fraud and conned of Rs 10 crore and 30 lakh.
Delhi Cracks Down on Illegal Meat Slaughtering
Delhi government's Department of Food Safety (DFS) has launched a drive to curb unauthorised slaughtering of animals at meat shops across the national capital, a DFS official said on Friday.
'Sarai Kale Khan Chowk renamed Birsa Munda Chowk'
The decision was announced on the occasion of the 150th birth anniversary of the freedom fighter and tribal leader Bhagwan Birsa Munda
SC NOTICE TO CENTRE ON SEX WORKERS' REHABILITATION
The Supreme Court has asked the Union government to take urgent and prompt measures to address “highly sensitive and important” issue of establishment of a comprehensive rehabilitation framework for victims of sex trafficking, in view of legislative vaccum.
Punjab and Haryana High Court On Plea To Recall Order Allowing Centre To Act Against IIM Rohtak Director: 'Clogging Over-Burdened Docket Of Court'
The Punjab and Haryana High Court in the case Dr Dheeraj Sharma Versus Union of India And Another observed and has dubbed as 'frivolous' the application to recall its order paving way for Central government to take action against IIM Rohtak's Director Dheeraj Sharma for allegedly concealing that he is not qualified for the post.
SC Criticizes Odisha's Soft Stance On BJP MLA Accused Of Slapping Woman Officer: 'Color Of Uniform Does Not Change With Govt Change'
The Supreme Court in the case Jayanarayan Mishra Versus The State Of Odisha while calling out BJP-led Odisha government's mellowed stance on anticipatory bail plea of a BJP MLA accused of slapping a woman police officer during a protest in 2023.
SC Dismissed Plea To Direct Doctors To Specify Side Effects Of Medicines In Prescriptions
The Supreme Court in the case Jacob Vadakkanchery Versus Union Of India And Anr observed and has dismissed the petition filed seeking mandatory disclosure by medical professionals or doctors of risks and adverse effects associated with drugs they prescribe to patients.
