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<part class="container article-section status_prime_article single-post currentlyInViewport inViewPort" id="news_dtl_100417831" data-article="0" page-title="Home tourism will proceed to be sturdy with India's G20 presidency: Thomas Cook dinner CMD Madhavan Menon" data-href="https://hospitality.economictimes.indiatimes.com/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831" data-msid="100417831" data-news="{"hyperlink":"/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seolocation":"/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seolocationalt":"/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seometatitle":false,"seo_meta_description":""Home tourism is right here to remain and the truth is that we're going to see an increasing number of exercise within the home house indisputably," Menon mentioned when requested if the sturdy development in home tourism witnessed submit COVID would maintain.","canonical_url":false,"url_seo":"/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","category_name":"Journey","category_link":"/information/journey","category_name_seo":"journey","updated_at":"2023-05-22 18:00:00","artexpdate":"2043-05-21 10:30:00","agency_name":"PTI","agency_link":"/company/87654375/PTI","read_duration":"3 min","key phrases":[{"id":3658,"name":"india","type":"General","weightage":100,"keywordseo":"india","botkeyword":false,"source":"Orion","link":"/tag/india"},{"id":56022,"name":"mauritius","type":"General","weightage":50,"keywordseo":"mauritius","botkeyword":false,"source":"Orion","link":"/tag/mauritius"},{"id":7101448,"name":"jio world centre","type":"General","weightage":50,"keywordseo":"jio-world-centre","botkeyword":false,"source":"Orion","link":"/tag/jio+world+centre"},{"id":13434417,"name":"thomas cook","type":"COMPANY","weightage":50,"keywordseo":"thomas-cook","botkeyword":false,"source":"Orion","meta":{"marketcap":"3050.888325132","tagname":"Thomas Cook (India) Ltd","tagpopularcount":"0","sectorid":"563","entitytype":"company","aum":"0","matchtype":"exact","entityid":"12897","tagseoname":"thomas-cook-india-ltd","sector":"Tourism & Hospitality","tagnameorg":"Thomas Cook (India) Ltd."},"link":"/tag/thomas+cook"},{"id":112643,"name":"madhavan menon","type":"General","weightage":50,"keywordseo":"madhavan-menon","botkeyword":false,"source":"Orion","link":"/tag/madhavan+menon"},{"id":6358365,"name":"pragati maidan","type":"General","weightage":50,"keywordseo":"pragati-maidan","botkeyword":false,"source":"Orion","link":"/tag/pragati+maidan"},{"id":28249,"name":"europe","type":"General","weightage":50,"keywordseo":"europe","botkeyword":false,"source":"Orion","link":"/tag/europe"},{"id":87184,"name":"thomas cook","type":"DOMAIN","weightage":20,"keywordseo":"thomas-cook","botkeyword":true,"source":"ET","sourcekeytype":"COMPANY","meta":{"keywordsubtype":"EQ","aliasname":"thomas cook","entityname":"Thomas Cook (India) Ltd.","entityid":"12897","seoname":"thomas-cook-(india)-ltd"},"link":"/tag/thomas+cook"},{"id":9965472,"name":"hospitality news","type":"General","weightage":20,"keywordseo":"hospitality-news","botkeyword":false,"source":"Orion","link":"/tag/hospitality+news"}],"read_industry_leader_count":false,"read_industry_leaders":false,"embeds":[],"thumb_big":"https://etimg.etb2bimg.com/thumb/msid-100417831,imgsize-47332,width-1200,top=765,overlay-ethospitality/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon.jpg","thumb_small":"https://etimg.etb2bimg.com/thumb/img-size-47332/100417831.cms?width=150&top=112","time":"2023-05-22 18:00:00","is_live":false,"prime_id":0,"highlights":[],"also_read_available":false,"physique":"India’s home tourism development will proceed to be sturdy and shall be additional fuelled by inbound travels by the nation’s presidency of G20, conferences and exhibitions that at the moment are more and more held right here, in keeping with Thomas Cook dinner (India) Chairman and Managing Director Madhavan Menon. However, long-haul outbound travels from India are additionally anticipated to select up with the onset of summer time in Europe and the US, he mentioned.
"Home tourism is right here to remain and the truth is that we’ll see an increasing number of exercise within the home house indisputably," Menon mentioned when requested if the sturdy development in home tourism witnessed submit COVID would maintain.
One of many predominant causes for the surge in home tourism is the modified shopper behaviour after the pandemic, believing in dwelling for at the moment and never worrying about tomorrow, coupled with their sturdy confidence within the financial system, he added.
"The pandemic has caused a change in human behaviour. You are seeing extra folks function from house. The tendency to spend extra time with the household has elevated, on account of which the necessity to take frequent breaks is what the home market is driving," Menon mentioned.
He additional mentioned, "Now, my expectation is that folks earlier would have achieved one worldwide journey and possibly one other home journey. In the present day, it has utterly modified. We’re now speaking of a number of home journeys, even quick weekend (journeys)".
Menon, nevertheless, added, "However that does not take away from the truth that you will notice Indians travelling each short-haul and long-haul. I believe we’re witnessing the so-called saver turning into a spender is one other vital factor."
All of this, he mentioned, "stems from one reality of their confidence within the financial system. This isn’t coming from wherever. It isn’t simply pandemic pushed. Additionally it is the truth that persons are assured that the financial system is rising, their jobs are safe, and so they count on that issues will enhance from right here."
The fast improvement of infrastructure, constructing of extra airports and motels throughout the nation can also be driving the expansion, Menon added.
One other issue that may drive India’s tourism is the emergence of the nation as an financial energy and internet hosting vital international occasions.
"G20 is only one different authorities occasion, and going ahead as India emerges as an financial energy that it’s at the moment positioning itself as, you are going to see extra journey to India. I believe that’s going to be important. India goes to be within the limelight and it’s going to entice extra vacationers to India," Menon mentioned.
The opposite vital section with lots of exercise is worldwide journey to India to attend authorities conferences and exhibitions, he added.
"Previously, most individuals travelled to different international locations to attend exhibitions. Now these exhibitions are being held in India additionally as a result of we now have the infrastructure to do it," Menon mentioned, citing examples of Pragati Maidan within the nationwide capital and the Jio World Centre in Mumbai.
When requested about outbound travels from India, he mentioned there have been lots of short-haul travels of as much as three-and half-hours to locations like Dubai, Abu Dhabi, Mauritius, Malaysia and Thailand.
"The longer-haul is simply beginning now as a result of it was winter by January to March in Europe and the truth that visas weren’t straightforward to acquire," Menon mentioned, including a spike in long-haul journey was anticipated within the ongoing quarter.
"An outlier that we witnessed within the first quarter was travels to Japan and Korea. We used to ship on common 200 passengers on the most yearly to Japan. This 12 months we have seen near 1,300 passengers travelling throughout a month to Japan. So we’re seeing totally different developments," he added.
Total, he mentioned group journey, which was sluggish to take off, is now choosing up and customised journey is rising in all segments with out exception.","next_sibling":[{"msid":100419609,"title":"Significant percentage of Indians fall victim to online travel scams: Report","entity_type":"ARTICLE","link":"/news/travel/significant-percentage-of-indians-fall-victim-to-online-travel-scams-report/100419609","category_name":null,"category_name_seo":"travel"}],"related_content":[{"msid":"100402865","title":"1","entity_type":"IMAGES","seopath":"news/india/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/1","category_name":"Domestic tourism will continue to be strong with India’s G20 presidency: Thomas Cook CMD Madhavan Menon","synopsis":"Thomas Cook (India) Chairman and Managing Director Madhavan Menon","thumb":"https://etimg.etb2bimg.com/thumb/img-size-47332/100402865.cms?width=150&height=112","link":"/image/india/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/1/100402865"}],"msid":100417831,"entity_type":"ARTICLE","title":"Home tourism will proceed to be sturdy with India’s G20 presidency: Thomas Cook dinner CMD Madhavan Menon","synopsis":""Home tourism is right here to remain and the truth is that we’ll see an increasing number of exercise within the home house indisputably," Menon mentioned when requested if the sturdy development in home tourism witnessed submit COVID would maintain.","titleseo":"journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon","standing":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-05-22 18:00:00","lastupd":"2023-05-22 18:00:00","breadcrumbTags":["india","mauritius","jio world centre","thomas cook","madhavan menon","pragati maidan","europe","thomas cook","hospitality news"],"secinfo":{"seolocation":"journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon"}}” data-authors=”[” data-category-name=”Travel” data-category_id=”679″ data-date=”2023-05-22″ data-index=”article_1″ readability=”26.262095077829″>
“Domestic tourism is here to stay and the reality is that we’re going to see more and more activity in the domestic space without a doubt,” Menon said when asked if the strong growth in domestic tourism witnessed post COVID would sustain.
India’s domestic tourism growth will continue to be strong and will be further fuelled by inbound travels through the country’s presidency of G20, conferences and exhibitions that are now increasingly held here, according to Thomas Cook (India) Chairman and Managing Director Madhavan Menon. On the other hand, long-haul outbound travels from India are also expected to pick up with the onset of summer in Europe and the US, he said.
“Domestic tourism is here to stay and the reality is that we’re going to see more and more activity in the domestic space without a doubt,” Menon said when asked if the strong growth in domestic tourism witnessed post COVID would sustain.
One of the main reasons for the surge in domestic tourism is the changed consumer behaviour after the pandemic, believing in living for today and not worrying about tomorrow, coupled with their strong confidence in the economy, he added.
“The pandemic has brought about a change in human behaviour. You’re seeing more people operate from home. The tendency to spend more time with the family has increased, as a result of which the need to take frequent breaks is what the domestic market is driving,” Menon said.
He further said, “Now, my expectation is that people earlier would have done one international trip and maybe another domestic trip. Today, it has completely changed. We’re now talking of multiple domestic trips, even short weekend (trips)”.
Menon, however, added, “But that doesn’t take away from the fact that you will see Indians travelling both short-haul and long-haul. I think we are witnessing the so-called saver becoming a spender is another important thing.”
All of this, he said, “stems from one fact of their confidence in the economy. This is not coming from anywhere. It is not just pandemic driven. It is also the fact that people are confident that the economy is growing, their jobs are secure, and they expect that things will improve from here.”
The rapid development of infrastructure, building of more airports and hotels across the country is also driving the growth, Menon added.
Another factor that will drive India’s tourism is the emergence of the country as an economic power and hosting important global events.
“G20 is just one other government event, and going forward as India emerges as an economic power that it is today positioning itself as, you’re going to see more travel to India. I think that is going to be significant. India is going to be in the limelight and it is going to attract more tourists to India,” Menon said.
The other important segment with a lot of activity is international travel to India to attend government conferences and exhibitions, he added.
“In the past, most people travelled to other countries to attend exhibitions. Now these exhibitions are being held in India also because we have the infrastructure to do it,” Menon said, citing examples of Pragati Maidan in the national capital and the Jio World Centre in Mumbai.
When asked about outbound travels from India, he said there have been a lot of short-haul travels of up to three-and half-hours to destinations like Dubai, Abu Dhabi, Mauritius, Malaysia and Thailand.
“The longer-haul is only starting now because it was winter through January to March in Europe and the fact that visas were not easy to obtain,” Menon said, adding a spike in long-haul travel was expected in the ongoing quarter.
“An outlier that we witnessed in the first quarter was travels to Japan and Korea. We used to send on average 200 passengers at the most every year to Japan. This year we’ve seen close to 1,300 passengers travelling during a month to Japan. So we are seeing different trends,” he added.
Overall, he said group travel, which was slow to take off, is now picking up and customised travel is growing in all segments without exception.
<span id="etb2b-news-detail-page" class="etb2b-module-ETB2BNewsDetailPage" data-news-id="100417831" data-news="{"link":"/news/travel/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seolocation":"/news/travel/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seolocationalt":"/news/travel/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","seometatitle":false,"seo_meta_description":""Domestic tourism is here to stay and the reality is that we're going to see more and more activity in the domestic space without a doubt," Menon said when asked if the strong growth in domestic tourism witnessed post COVID would sustain.","canonical_url":false,"url_seo":"/news/travel/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831","category_name":"Travel","category_link":"/news/travel","category_name_seo":"travel","updated_at":"2023-05-22 18:00:00","artexpdate":"2043-05-21 10:30:00","agency_name":"PTI","agency_link":"/agency/87654375/PTI","read_duration":"3 min","keywords":[{"id":3658,"name":"india","type":"General","weightage":100,"keywordseo":"india","botkeyword":false,"source":"Orion","link":"/tag/india"},{"id":56022,"name":"mauritius","type":"General","weightage":50,"keywordseo":"mauritius","botkeyword":false,"source":"Orion","link":"/tag/mauritius"},{"id":7101448,"name":"jio world centre","type":"General","weightage":50,"keywordseo":"jio-world-centre","botkeyword":false,"source":"Orion","link":"/tag/jio+world+centre"},{"id":13434417,"name":"thomas cook","type":"COMPANY","weightage":50,"keywordseo":"thomas-cook","botkeyword":false,"source":"Orion","meta":{"marketcap":"3050.888325132","tagname":"Thomas Cook (India) Ltd","tagpopularcount":"0","sectorid":"563","entitytype":"company","aum":"0","matchtype":"exact","entityid":"12897","tagseoname":"thomas-cook-india-ltd","sector":"Tourism & Hospitality","tagnameorg":"Thomas Cook (India) Ltd."},"link":"/tag/thomas+cook"},{"id":112643,"name":"madhavan menon","type":"General","weightage":50,"keywordseo":"madhavan-menon","botkeyword":false,"source":"Orion","link":"/tag/madhavan+menon"},{"id":6358365,"name":"pragati maidan","type":"General","weightage":50,"keywordseo":"pragati-maidan","botkeyword":false,"source":"Orion","link":"/tag/pragati+maidan"},{"id":28249,"name":"europe","type":"General","weightage":50,"keywordseo":"europe","botkeyword":false,"source":"Orion","link":"/tag/europe"},{"id":87184,"name":"thomas cook","type":"DOMAIN","weightage":20,"keywordseo":"thomas-cook","botkeyword":true,"source":"ET","sourcekeytype":"COMPANY","meta":{"keywordsubtype":"EQ","aliasname":"thomas cook","entityname":"Thomas Cook (India) Ltd.","entityid":"12897","seoname":"thomas-cook-(india)-ltd"},"link":"/tag/thomas+cook"},{"id":9965472,"name":"hospitality news","type":"General","weightage":20,"keywordseo":"hospitality-news","botkeyword":false,"source":"Orion","link":"/tag/hospitality+news"}],"read_industry_leader_count":false,"read_industry_leaders":false,"embeds":[],"thumb_big":"https://etimg.etb2bimg.com/thumb/msid-100417831,imgsize-47332,width-1200,top=765,overlay-ethospitality/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon.jpg","thumb_small":"https://etimg.etb2bimg.com/thumb/img-size-47332/100417831.cms?width=150&top=112","time":"2023-05-22 18:00:00","is_live":false,"prime_id":0,"highlights":[],"also_read_available":false,"physique":"India’s home tourism development will proceed to be sturdy and shall be additional fuelled by inbound travels by the nation’s presidency of G20, conferences and exhibitions that at the moment are more and more held right here, in keeping with Thomas Cook dinner (India) Chairman and Managing Director Madhavan Menon. However, long-haul outbound travels from India are additionally anticipated to select up with the onset of summer time in Europe and the US, he mentioned.
"Home tourism is right here to remain and the truth is that we’ll see an increasing number of exercise within the home house indisputably," Menon mentioned when requested if the sturdy development in home tourism witnessed submit COVID would maintain.
One of many predominant causes for the surge in home tourism is the modified shopper behaviour after the pandemic, believing in dwelling for at the moment and never worrying about tomorrow, coupled with their sturdy confidence within the financial system, he added.
"The pandemic has caused a change in human behaviour. You are seeing extra folks function from house. The tendency to spend extra time with the household has elevated, on account of which the necessity to take frequent breaks is what the home market is driving," Menon mentioned.
He additional mentioned, "Now, my expectation is that folks earlier would have achieved one worldwide journey and possibly one other home journey. In the present day, it has utterly modified. We’re now speaking of a number of home journeys, even quick weekend (journeys)".
Menon, nevertheless, added, "However that does not take away from the truth that you will notice Indians travelling each short-haul and long-haul. I believe we’re witnessing the so-called saver turning into a spender is one other vital factor."
All of this, he mentioned, "stems from one reality of their confidence within the financial system. This isn’t coming from wherever. It isn’t simply pandemic pushed. Additionally it is the truth that persons are assured that the financial system is rising, their jobs are safe, and so they count on that issues will enhance from right here."
The fast improvement of infrastructure, constructing of extra airports and motels throughout the nation can also be driving the expansion, Menon added.
One other issue that may drive India’s tourism is the emergence of the nation as an financial energy and internet hosting vital international occasions.
"G20 is only one different authorities occasion, and going ahead as India emerges as an financial energy that it’s at the moment positioning itself as, you are going to see extra journey to India. I believe that’s going to be important. India goes to be within the limelight and it’s going to entice extra vacationers to India," Menon mentioned.
The opposite vital section with lots of exercise is worldwide journey to India to attend authorities conferences and exhibitions, he added.
"Previously, most individuals travelled to different international locations to attend exhibitions. Now these exhibitions are being held in India additionally as a result of we now have the infrastructure to do it," Menon mentioned, citing examples of Pragati Maidan within the nationwide capital and the Jio World Centre in Mumbai.
When requested about outbound travels from India, he mentioned there have been lots of short-haul travels of as much as three-and half-hours to locations like Dubai, Abu Dhabi, Mauritius, Malaysia and Thailand.
"The longer-haul is simply beginning now as a result of it was winter by January to March in Europe and the truth that visas weren’t straightforward to acquire," Menon mentioned, including a spike in long-haul journey was anticipated within the ongoing quarter.
"An outlier that we witnessed within the first quarter was travels to Japan and Korea. We used to ship on common 200 passengers on the most yearly to Japan. This 12 months we have seen near 1,300 passengers travelling throughout a month to Japan. So we’re seeing totally different developments," he added.
Total, he mentioned group journey, which was sluggish to take off, is now choosing up and customised journey is rising in all segments with out exception.","next_sibling":[{"msid":100419609,"title":"Significant percentage of Indians fall victim to online travel scams: Report","entity_type":"ARTICLE","link":"/news/travel/significant-percentage-of-indians-fall-victim-to-online-travel-scams-report/100419609","category_name":null,"category_name_seo":"travel"}],"related_content":[{"msid":"100402865","title":"1","entity_type":"IMAGES","seopath":"news/india/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/1","category_name":"Domestic tourism will continue to be strong with India’s G20 presidency: Thomas Cook CMD Madhavan Menon","synopsis":"Thomas Cook (India) Chairman and Managing Director Madhavan Menon","thumb":"https://etimg.etb2bimg.com/thumb/img-size-47332/100402865.cms?width=150&height=112","link":"/image/india/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/1/100402865"}],"msid":100417831,"entity_type":"ARTICLE","title":"Home tourism will proceed to be sturdy with India’s G20 presidency: Thomas Cook dinner CMD Madhavan Menon","synopsis":""Home tourism is right here to remain and the truth is that we’ll see an increasing number of exercise within the home house indisputably," Menon mentioned when requested if the sturdy development in home tourism witnessed submit COVID would maintain.","titleseo":"journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon","standing":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-05-22 18:00:00","lastupd":"2023-05-22 18:00:00","breadcrumbTags":["india","mauritius","jio world centre","thomas cook","madhavan menon","pragati maidan","europe","thomas cook","hospitality news"],"secinfo":{"seolocation":"journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon"}}” data-news_link=”https://hospitality.economictimes.indiatimes.com/information/journey/domestic-tourism-will-continue-to-be-strong-with-indias-g20-presidency-thomas-cook-cmd-madhavan-menon/100417831″>
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