India’s credit card market is witnessing fresh innovation with the launch of two new products designed for digital-first consumers. Unity Bank and BharatPe have introduced the country’s first EMI-led RuPay credit card, offering flexible repayment options. Meanwhile, Flipkart and SBI Card have launched a cashback-driven co-branded card offering rewards across shopping, travel, and lifestyle expenses.
According to the post, the airlines' only advice was to cancel and rebook—at business class rates due to lack of economy seats—pushing the new fare to a shocking ₹2.75 lakh after cancellation fees
In comparison to last year, there is up to a 6% spike in domestic demand for the Holi weekend, with a 12% rise in airfares, as per the online travel agency Cleartrip. In an interview with Business Today Television, the chief business officer of Cleartrip, Prahlad Krishnamurthy, shares that the summer travel season is fast approaching and it is expected that there could be a 40% increase in bookings across the season. He also shares insights into consumer sentiment towards luxury versus affordability in the leisure travel sector. Watch this exclusive interview to learn more.
The demand for travel has skyrocketed ahead of Diwali. Travel Companies are witnessing a significant increase in hotel bookings, up to 31% compared to the previous year. The non-luxury hotel segment, including 2-star and 3-star rated hotels, is experiencing the highest demand as travelers seek budget-friendly stays. The booked stay duration in hotels is also averaging 5+ days, which is the longest. Airfares have also surged, with a 17% increase in ticket bookings for travel destinations. Join Karishma Asoodani from ClearTrip, CFO Aditya Agarwal, as they discuss the travel trends for Diwali and upcoming winter season travel destinations, as well as the destinations that travelers are looking forward.
The e-commerce giant also joined forces with the Mumbai Police to fight noise pollution as well as to market the new Big Billion Days sale
As Indians plan their summer vacations ahead, the fares of airline tickets are expected to rise due to demand and revenge travel. In fact, besides conventional travel plans to Goa and Srinagar, tourists are now willing to spend on foreign destinations like the Maldives, UAE, Singapore, Thailand, and Saudi Arabia. Business Today Television speaks with the Chief Business Officer of Cleartrip, who shares with us key insights on the top destinations that tourists are travelling to and the existing high airfares. He shares, "Airfares have largely been stabilised, and strong summer bookings are expected." He adds that since pre-COVID levels, Cleartrip has seen a threefold growth in sales and bookings.
With Covid no more acting as a hindrance to travel, cash registers of airlines are ringing this festive season. If you are thinking of travelling this Diwali, get ready to pay a bomb. The prices of air tickets have shot up 40% in many sectors. One of the highest increases is in the prices of the flights to smaller towns. Aditya Agarwal, CFO, ClearTrip and Neeraj Singh Dev, Thomas Cook India talk about airfare trends this Diwali.
What's leading to the massive hike in prices for your travel and how is demand persistent amidst the current environment with inflated prices? Aditya Agarwal, CFO, Cleartrip.com answers. Watch the exclusive interaction here.
Planning a much-deserved summer holiday this year? What are the common challenges that you can face? Watch Shiv Aroor in conversation with Himank Tripathi of EaseMyTrip & Deven Parulekar of SaffronStays as they summarise the best summer travel experience for you.
Travel bookings surge by 30% on monthly basis, says President – External Affair, EaseMyTrip, Himank Tripathi. How are the travel trends shaping up this summer and what is the best value for money locations to travel. We tell you everything in this report.
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