Travelling
Pakistan caps foreign currency carrying limit for outbound travellers
A recent FBR notification showed that the board has also capped the annual limit of foreign currency for outbound passengers to $30,000 or equivalent for the same age group, reports Xinhua news agency. The limit for people below 18 years old has been fixed at $2,500 per visit and $15,000 annually, according to the FBR.
Travel expenditure grows 165%
The report also depicted the overall impact of the epidemic on Indians' embrace of digital payments throughout the holiday season. Between the "normal" time of 2019 and the post-pandemic period of 2022, there has been a 245 percent increase in spending and a 130 percent increase in the number of transactions. India's strong credit preference
ITC Hotels add 5 more properties as brand Storii expands
Popular leisure destinations Goa, Dharamshala, Solan, Sirmour and Kufri are the frontliner destinations for Storii with Storii Goa and Storii Dharmashala already opening doors to guests. With the recent openings at Goa and Dharamshala, the ITC HOTELS Group now has its 5th property in Goa and its 12th hotel in Himachal Pradesh.
Accelerated Recovery: Boeing foresees rising air passenger traffic
Accordingly, the aerospace major expects a fast paced traffic recovery on domestic routes followed by overseas ones. "In the commercial market, while near term pressure due to Covid-19 remains, the recovery is accelerating and many of the key long-term fundamentals remain intact," said Boeing India President Salil Gupte said. Passenger traffic is expected to return to 2019 levels in 2023 to 2024.
British Airways increases India-UK flight services
According to the airline, starting August 16, 2021, flight services have been increased from 10 to 20 per week. The airline said that the decision came after the UK government moved India to "amber list" and the Indian government allowed UK carriers to operate additional flights. British Airways will now operate 20 direct return flights across Delhi, Mumbai, Bengaluru and Hyderabad to London, Heathrow.
Air travel may become expensive as jet fuel prices increase again
In the National capital, ATF prices for domestic airlines increased by 2.44 per cent from Rs 68,262.35 per kilo litre on July 1 to Rs 69,857.97 on July 16. In Mumbai too ATF rose from a level of Rs 66,482.90 per Kl to Rs 68,064.65 per Kl on Friday. The move is expected to make air travel more expensive, further impacting demand.
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