Travel Sector

Govt. may next month open railways to FDI: sources

Govt. may next month open railways to FDI: sourcesThe government may next month open some segments of the railways to 100 per cent foreign direct investment (FDI), official sources revealed.

According to the sources, the Commerce Ministry's Department of Industrial Policy & Promotion has circulated a final note for the Cabinet's consideration for allowing up to 100 per cent FDI in the construction and maintenance segments of the railway network.

UK cruise passengers rose 5 per cent in 2013

UK cruise passengers rose 5 per cent in 2013According to the latest figures released, the total number of British holiday makers taking cruise increased 5 per cent during 2013 compared to the previous year.

The report released by the Cruise Lines International Association (CLIA) showed that a record 1.79 million people in the UK took a cruise in 2013. The reports showed that even as the UK economy faced spending cuts and pressure on households, a additonal 89,000 UK passengers took an ocean cruise in 2013.

Macau 'most searched for travel destination' by Google India users in 2013

macauWashington, Dec 19 : In its year-end list charting which all travel destinations topped the search rank; Google Zeitgeist has revealed that Macau is the most looked up for place in India.

The list shows the rankings of topics with the largest total search volumes by country.

According to CNN, which Indians searched for Macau the most; Australians' top destination was Disneyland while New Zealand saw Australia as the top searched for travel destination.

The top ten most searched for travel destinations in India include:

1.     Macau

2.    Maldives

3.    Mauritius

Railways' freight traffic revenue up 7.91 percent

Indian-RailwaysNew Delhi, Dec 17 : The Railways have generated Rs. 59,069.73 crore of revenue earnings from commodity-wise freight traffic during April 1-Nov 30 this year as compared to Rs. 53,923.37 crore during the corresponding period last year, registering an increase of 7.91 percent, an official statement said here Tuesday.

The Railways carried 677.58 million tonnes of commodity-wise freight traffic during April-November period as compared to 647.01 million tonnes carried during the corresponding period last year, registering an increase of 4.72 per cent.

Delhi Metro to start Phase III trial runs by Dec 30

Delhi-MetroNew Delhi, Dec 10 : The Delhi Metro said Tuesday it would start trial runs on the first section of the Phase III route between the Central Secretariat and Mandi House by Dec 30.

The trial runs will be done for opening the section to the public by March 2014, six months ahead of the earlier October 2014 date.

The construction on this stretch started Dec 2011.

Railways revenue up by 13.27 percent during April-November

Indian-RailwaysNew Delhi, Dec 10 : The total earnings of Indian Railways on originating basis during April-November 2013 were Rs. 89,339.64 crore approximate compared to Rs. 78,871.47 crore during the same period last year, which is a growth of
13.27 percent, an official release said here Tuesday.

The total goods earnings have gone up from Rs. 54,482.80 crore during April 1 to Nov 30, 2012, to Rs. 60,150.41 crore during April 1-November 30, 2013, registering an increase of 10.40 percent.

Delhi Metro suffers another signal glitch

Delhi Metro suffers another signal glitchA glitch in the signalling system of Delhi Metro left thousands of commuters stranded on Monday morning.

The Delhi Metro Rail Corporation (DMRC) has confirmed that the busy Blue Line, between Dwarka and Noida City Centre, was affected due to a glitch in the signalling system that occurred at around 8 A. M. on Monday because of damage or theft of signalling cable.

The Blue Line, which connects Dwarka to Noida City Centre and Vaishali, carries as many as 8 lakh passengers per day.

Train services best in Scotland

Train services best in ScotlandAccording to a new survey, the quality of train services has huge disparities within the UK with some regions performing well compared to other regions.

According to the data collected by the Campaign for Better Transport (CBT) London, the south east, north west England, the West Midlands and Scotland had the best train services. The report from consultants Credo in association with the CBT showed that Welsh, east of England and north-east England rail services performed much worse than other parts in the UK.

Allegiant Travel grounds 30 flights to check emergency exit slides

Allegiant Travel grounds 30 flights to check emergency exit slidesAllegiant Travel, an affordable carrier offering flights to leisure destinations, has announced that it is grounding 30 of its flights, which is about half of its fleet, in order to carry out inspections on the emergency exit slides for complying with the safety guidelines.

Indians prefer trains for long distance travel: Study

Indians-prefer-trainNew Delhi, June 26 :  A recent study of railways shows that the trains continue to be the most preferred medium for long distance travel in India.

The survey conducted by RailYatra. in shows that 76 percent travellers in India prefer trains for long distance travel, while 50 percent people take trains to visit their hometowns and cities.

"It is now reaffirmed by this study that railway is the lifeline of the Indian travellers," said Manish Rathi, chief executive officer of RailYatri. in.

Balmer Lawrie pursuing talks to acquire domestic travel firm

Balmer Lawrie pursuing talks to acquire domestic travel firmKolkata-based public sector firm Balmer Lawrie & Co Ltd has revealed its plans to acquire a domestic travel firm to provide a boost to its existing travel division.

Viren Sinha, chairman & managing director of Balmer Lawrie, announced that the company was already pursuing discussions with a mid-sized domestic travel firm that also operated in Europe and Far East.

Thomas Cook (India) acquires majority stake in Ikya

Thomas Cook (India) acquires majority stake in IkyaThomas Cook (India), a leading travel services company has said that it has entered into an agreement to acquire 74 per cent stake in Ikya Human Capital Solutions.

Thomas Cook has agreed to pay Rs. 256 crore for majority stake in Ikya. The company entered into a 'investment pact' with Ikya, which is a human resources and staffing organisation, according to a filing with the Bombay Stock Exchange (BSE).

Germany’s TUI AG not to merge with UK unit

Germany’s TUI AG not to merge with UK unitGerman tourism group, TUI AG has said that it has ruled out a plan recommending the company's merger with TUI Travel subsidiary located in the UK.

TUI said that it is not planning to make a merger offer to the UK-listed company, ruling out the possibility of the merger aimed at saving costs. TUI Travel is the largest tour operator in Europe and was established following the merger of First Choice Holidays and the travel unit of TUI in 2007.

Mumbai ranked among dirtiest cities on planet, survey

Mumbai ranked among dirtiest cities on planet, surveyIndia’s fast paced financial capital Mumbai has been voted among the world’s dirtiest cities in a new international survey of cities.

The TripAdvisor's Cities Survey, which involved 40 key tourist cities, said that Japan’s maga capital city, Tokyo was voted the cleanest city on the planet while Mumbai was voted as the dirtiest city in the ‘cleanest streets’ category.

FirstGroup freezes interim dividends

FirstGroup freezes interim dividendsFirstGroup has announced that it is freezing its interim dividend after a controversial pull out from the new West Coast mainline franchise.

The Aberdeen-based group said that it is holding a dividend of 7.62p after the UK government scrapped the award of the West Coast mainline franchise to the company. The transportations authorities in the UK have asked the Virgin to continue operating the country's west coast rail service till government sorts out the matter relating to the service.

Thomas Cook records good summer bookings

Thomas Cook records good summer bookingsUK-based travel company, Thomas Cook has said that that it has seen good numbers of bookings in the late summer as British tourists tried to escape the wettest summer season ever.

The company said that bookings in summer has been good and gave much needed hope to the investors that the company will move on recovery path gradually after almost collapsing in the previous year due to high amount of debt. Investors now believe that the full year financial results will be in line with the market expectations.

Thomas Cook planning to sell its entire stake in Indian unit

Thomas Cook planning to sell its entire stake in Indian unitThomas Cook is planning to sell its entire stake in its profitable Indian unit to Fairbridge Capital in a deal valued at about Rs 1,000 crore including open offer.

The company will sell its stake at the rate of Rs 50 per share to the Toronto-based Fairbridge, which is a subsidiary of Fairfax Financial Holdings. The company is also offering the right to use its brand name for 12 years and the branding rights will be available to Fairbridge in countries including India and Mauritius.

Long Term Buy Call For Cox & Kings Ltd: StocksIdea.Com

Cox & Kings LtdCox & Kings (India) Ltd is one of the renowned holiday brands that cater to the overall travel needs of an Indian and International traveler. The company's business can be broadly categorized as Leisure Travel, Corporate Travel, Forex and Visa Processing. The company also provides value added services such as customizing travel plans for the NRI customers, travel arrangements for Trade Fairs, providing private air charter services, etc. Besides, they offer travel related foreign exchange & payment solutions. The company is having their registered office situated at Mumbai.

Abu Dhabi's Arabian travel market to begin in May

The forthcoming Arabian Travel Market beginning in Dubai from early May is expected to highlight the initiatives of Abu Dhabi Tourism Authority (ADTA) for propelling growth of the tourism sector. The event will see more than 45 Abu Dhabi tourism delegates witness the launch of more than 80 products first time in the region.

Mubarak Al Nuaimi, International Promotions Manager, ADTA, said, "The product line-up reflects the destination's expanded offering and includes transports suppliers, hotel operators, major attractions, hospitality management companies, travel agents, tour operators, an international sports resort, MSC Cruises as well as desert, island, beach and golf resorts."

Etihad joins hands with Arabian Smile Holidays

Etihad Airways, the national airline of the United Arab Emirates, has joined hands with world’s leading tour operator Arabian Smile Holidays in a bid to offer special deals to the visitors.

Both firms introduced a joint travel program ‘Abu Dhabi and Beyond by Arabian Smile Holidays’ for offering a range of facilities and discounts at various European and domestic routes.

The agreement has been signed in lines with Universal Travel Link & Services program that has been devised for offering the visitors with wide range of tour packages across various routes of Etihad. The airline will promote the renewable energy initiatives by highlighting its logo on their aircraft fleet during the month of April.

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