Latest Travel Industry News & Updates

Seoul, June 25 (IANS) South Korea’s business sentiment worsened for the first time in three months in June on sluggish construction and travel sectors, a central bank survey showed on Thursday.The Composite Business Sentiment Index (CBSI) for all industries stood at 97.7 in June, down 1.2 points from a 3 1/2-year high of 98.9 in May, according to data from the Bank of Korea (BOK).It marked the first on-month decline since March, reports Yonhap news agency.The index measures corporate outlooks on…

Mumbai, May 14 (IANS) In a significant boost to India’s travel and economic growth, Adani Airport Holdings Limited (AAHL) and IHG Hotels & Resorts have signed a landmark, managed hotel portfolio agreement to develop five hotels across key airport-linked and high-growth urban destinations.The agreement will add close to 1,500 keys across multiple brands and locations, in line with IHG’s growth plans for India and aligning with rising travel demand and the rapid expansion of India’s aviati…