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Tourism in India is 4.6% of the country's gross domestic product (GDP). Unlike other sectors, tourism is not a priority sector for the Government of India.The World Travel and Tourism Council calculated that tourism generated ₹ 13.2 lakh crore (US$150 billion) or 5.8% of India's GDP and supported 32.1 million jobs in 2021.
The Ashok Group is a division of India Tourism Development Corporation which is a central public sector undertaking, under the ownership of Ministry of Tourism, Government of India. [ 1 ] [ 2 ] [ 3 ] It is headquartered in New Delhi .
The company started its air ticketing operations in 2000 under the MakeMyTrip brand. Their air ticketing business primarily serves domestic and international travel to and from India. [23] In 2017, they expanded their operations by acquiring the Ibibo Group, which operates the Goibibo brand. [24]
State tourism development corporations of India (16 P) Pages in category "Travel and holiday companies of India" The following 8 pages are in this category, out of 8 total.
In April 2012, it became the second-largest online travel service in India, with a 30 percent share of the ₹ 370 billion (US$4.3 billion) market for online travel-related transactions. [4] It launched “holiday-cum-shopping card” with State Bank of India (SBI). [5]
Sterling Holiday Resorts Limited (known as Sterling), was incorporated in the year 1986 and is a leading hospitality company. Since 2014, Sterling Holiday Resorts Limited has been an integral part of Fairfax Financial Holdings Ltd. and is a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). .
Average room rates across India are projected to rise from around ₹7,200-7,400 in FY24 to ₹7,700-7,900 in FY25, with RevPAR climbing to an average of ₹4,800-5,000 by end-FY24. The recovery is fueled by healthy domestic leisure and business travel demand, complemented by increasing foreign tourist arrivals.
In 1881, Thomas Cook started its India operations in Bombay (later renamed Mumbai), and in October 1978, saw it christened Thomas Cook (India) Ltd. The company made its first public issue in February 1983, and commenced operations in Mauritius in 2000. In the same year, they acquired the Sri Lanka business from Thomas Cook Overseas Ltd, UK. [7]
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