Events-related travel to, within India hit amid rising Indo-Pak tensions

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The story "Events-related travel to, within India hit amid rising Indo-Pak tensions" was covered 8 hours ago by Business Standard, a news publisher based in India.

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Events-related travel to, within India hit amid rising Indo-Pak tensions - Business Standard

Quick Summary:

The Indian government has been strategically targeting the MICE sector, recognising its potential to attract high-spending, repeat visitors and has been working on the simplification of visa procedures, on top of having created E-visa facilities for over 175 countries.

Business executives are choosing to avoid any non-essential travel,” said a hotel booking manager on condition of anonymity.

An analysis of the top 100 firms by net income shows IT services, BFSI and engineering account for 57 per cent of corporate travel spend, with most firms allocating 1 per cent of net income to travel budgets, highlighting the sector’s importance,” the report stated.