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The post Indian travel market will reach $125 billion by FY27 appeared first on TD (Travel Daily Media) Travel Daily.

A new report from FICCI has revealed the travel market in India is projected to reach $125 billion by FY27 from an estimated $75 billion in FY20. India’s tourism industry in 2020 accounted for 31.8 million jobs, which is likely to grow to 53 million jobs by 2029 and international tourist arrivals are expected to touch 30.5 billion by 2028.

According to the latest UNWTO World Tourism Barometer, which the FICCI report cited, international tourism saw a 182% year-on-year increase in January-March, with destinations worldwide welcoming an estimated 117 million international arrivals compared to 41 million in Q1 2021.

Before the onset of the pandemic, the Indian travel and tourism industry was expected to witness an annual growth rate of 6.9% during 2019-2028 to reach $460 billion, approximately 9.9% of India’s GDP in 2028.

The total contribution of travel and tourism to the GDP in India in 2019 was 7% of the total economy or ₹15,792 billion. This plummeted to 4.3% or ₹9,167 billion in 2020. In 2021, the figure did pick up to 5.8% or ₹13,161 billion.

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The post Etihad Guest and Mashreq roll out points transfer initiative appeared first on TD (Travel Daily Media) Travel Daily.

Etihad Guest, the loyalty programme of Etihad Airways in partnership with Mashreq, a leading global financial institution, has launched a points transfer programme for members to benefit from.

Members can now convert Mashreq Salaam Points into Etihad Guest Miles with a conversion ratio of 22 Salaam Points for every 1 Etihad Guest Mile. Etihad Guest members can simply visit the authorised Mashreq Mobile app to convert Salaam points into Etihad Guest Miles. Members who transfer Salaam Points to Etihad Guest before 20 July 2022 can enjoy 20% extra Bonus Miles as an introductory offer.

Kim Hardaker, Vice President Loyalty & Partnerships, Etihad Airways, said: “We’re excited to partner with Mashreq Bank so our Etihad Guest members can now transfer Salaam Points into our programme. The collaboration is designed to both encourage new customers and allow existing loyalty members to reap more benefits from partnering with two strong local brands. Members benefit by accelerating towards their next reward, whether they choose to redeem on flights with Etihad Airways and our 20 partner airlines, upgrades and so much more.”

Etihad’s loyalty programme has relaxed its mileage expiration policy. Mashreq card holders can now benefit from miles that will only expire after 18 months of inactivity, and can be kept active by buying, earning, redeeming, or transferring miles.

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The post Digital nomads on Airbnb’s target list, partners with 20 destinations to support remote work around the world appeared first on TD (Travel Daily Media) Travel Daily.

Airbnb is partnering with 20 destinations globally to attract digital nomads, including Thailand, Bali, Lisbon, and the Caribbean.

Earlier this year, Airbnb launched its ‘Live and Work’ Anywhere initiative to identify some of the most remote worker-friendly destinations in the world and support governments and Destination Marketing Organizations (DMOs) in helping to revive tourism and provide economic support to communities after two-plus years of travel restrictions.

The 20 destinations Airbnb will spotlight are:

• Baja California Sur, Mexico
• Bali, Indonesia
• Brindisi, Puglia, Italy
• Buenos Aires, Argentina
• Caribbean
• Canary Islands, Spain
• Cape Town, South Africa
• Colombia
• Dubai, United Arab Emirates
• Friuli-Venezia Giulia, Italy
• Lisbon, Portugal
• Malta
• Mexico City, Mexico
• Palm Springs, California, USA
• Queensland, Australia
• Rural France
• Salzkammergut, Austria
• Tampa Bay, Florida, USA
• Thailand
• Tulsa, Oklahoma, USA

Over the next few months, Airbnb will work closely with destination partners ranging from whole countries to smaller, lesser-known towns. They were selected based on their attraction to remote workers and progressiveness in evolving policies for those looking to live and work in a different region and attract a new type of traveller. The initiative builds off work during the pandemic, which saw Airbnb partnering with more than 160 governments and DMOs to specifically support efforts to encourage the return of tourism — including through remote working.

Millions of people are now more flexible about where they live and work. As a result, they’re spreading to thousands of towns and cities, staying for weeks, months, or even entire seasons at a time.

About one in five guests globally said they booked Airbnb to enable them to work remotely while travelling in 2021. That trend has continued into Q1 2022, with long-term stays at an all-time high, doubling in size from Q1 2019. They are essentially “living” on Airbnb as guests have already planned stays in over 72,000 cities and towns this summer.

Airbnb co-founder and chief strategy officer Nathan Blecharczyck said: “In the two years since the pandemic began, a new world of travel has emerged in which many workers are untethered to an office. In collaborating with these destinations, we want to make it easier for workers to enjoy this flexibility and support the return of safe and responsible travel. We know that travel brings significant economic opportunity to local communities and connects people around the world. We’re excited to launch this one-stop-shop for anyone considering joining the millions of workers already enjoying this new trend of working flexibility and travel.”

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