Home / Lifestyle / Travel / Article / Domestic demand cushions tourism, hospitality sectors amid global shocks: Industry

Domestic demand cushions tourism, hospitality sectors amid global shocks: Industry

India’s tourism and hospitality industries are staying resilient despite global geopolitical tensions, driven mainly by strong domestic demand. According to a PHDCCI report, domestic travel trends like staycations and “revenge travel” are helping offset a 15–20 pc drop in foreign tourist arrivals

Listen to this article :
Representational Pic

Representational Pic

India’s tourism and hospitality sectors remain resilient on strong domestic demand, even as the ongoing West Asia conflict disrupts international travel, an industry body said on Thursday. 

Despite global headwinds, the hospitality sector remains relatively stable, supported by a strong 'V-shaped' recovery and robust domestic demand, according to a report by PHD Chamber of Commerce and Industry (PHDCCI).

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
Measles crisis exposes cracks in Bangladesh's health system: Report

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement