Mastercard Report: Cricket World Cup's Boost to Indian Tourism and Hospitality

Mastercard Report: Cricket World Cup's Boost to Indian Tourism and Hospitality

By Author

Published on December 24, 2023

The ICC Men's Cricket World Cup 2023, despite not clinching a victory for Team India, emerged as a significant catalyst for the Indian economy. Mastercard, a key sponsor of the event, conducted a study revealing the tournament's extensive multiplier effect, particularly on the tourism and hospitality industries. This effect underlines the broader impact of major sporting events on both national and local economies.

According to Mastercard's aggregated and anonymised data, the accommodation and food industries experienced a substantial boost due to the influx of cricket enthusiasts from all over the world. These fans, converging in India to support their teams, contributed significantly to the increased spending in these sectors. The data showed that small businesses, often considered the backbone of the economy, enjoyed a significant upsurge in revenue, especially in cities hosting the matches.

The boost for small businesses was particularly noticeable in quick-service restaurants in the host cities, where there was an average increase of over 300% in cross-border spending by tourists on match days compared to a regular week. This trend was not limited to foreign tourists, as domestic spending on online food delivery also recorded a sharp increase of over 100% on average during the matches held in Ahmedabad, Delhi, and Mumbai.

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Hotels and the broader food industry also reaped the benefits of the cricket tournament. Host cities saw an average growth of approximately 40% in domestic spending on hotels on match days compared to regular weeks. Moreover, there was an incremental spend of around INR ~23 million observed in hotels and restaurants in host cities and metro cities around match days, reflecting a 36% increase compared to non-game days.

The economic impact was particularly pronounced during crucial matches. For instance, during the India vs. Pakistan match, cross-border in-person restaurant spends soared by approximately 400%. The India vs. England witnessed an even more astonishing increase of over 600% in cross-border spends across hotels and dining establishments.

Gautam Aggarwal, Division President, South Asia at Mastercard, emphasized the profound impact of the ICC World Cup on India's economy. He stated that such tournaments can act as a booster shot for robust economies, energizing small businesses that power the local economy. Aggarwal highlighted the remarkable surge of 400% in in-person restaurant spends during key matches featuring Team India, showcasing the tournament's positive influence on the economy.

In conclusion, the ICC Cricket World Cup not only provided thrilling cricket action but also proved to be a significant economic stimulus for small businesses and the hospitality sector across India. This event showcased the potential of sporting and cultural events to drive economic growth and support various industries, contributing to the overall economic health of the country.


India Achieves Historic Space Milestone with Successful SpaDeX Docking

By Author

Published on January 17, 2025

In the early hours of January 16, 2025, India proudly joined an exclusive club of spacefaring nations with ISRO’s successful execution of the SpaDeX docking experiment. This accomplishment, which involved the precise docking of two small satellites—SDX01 (Chaser) and SDX02 (Target)—marks India as the fourth nation in the world to achieve this complex feat, following in the footsteps of the U.S., Russia, and China.

Launched on December 30, 2024, the SpaDeX mission was designed to demonstrate critical technology needed for spacecraft rendezvous, docking, and undocking using small satellites. ISRO’s Mission Operations Complex (MOX) in Bangalore oversaw the procedure, which included moving the satellites from a 15-meter hold point to a successful docking. Following the maneuver, ISRO confirmed the successful control of the two satellites as a single entity, with power transfer and undocking tests scheduled for the coming days.

The mission also serves as a critical building block for future space endeavors, including India’s plans for lunar exploration, astronaut missions to the Moon, and the development of the Indian Space Station. Additionally, the SpaDeX experiment demonstrates the transfer of electric power between docked spacecraft, a crucial step for in-space robotics, composite spacecraft control, and payload operations. ISRO's success with SpaDeX not only strengthens India’s position in the global space community but also sets the stage for future advancements in space technology.

Hospitalitynews is proud to witness and celebrate this remarkable achievement, marking another moment of national pride and technological advancement for India. This historic success enhances India's growing reputation in space exploration, and it is an inspiring achievement that paves the way for even greater milestones in the future.

Photo and video Credit: X/@ISRO


Shangri-La Bengaluru Appoints Shireen Sheriff as Director of Marketing and Communications

Shangri-La Bengaluru Appoints Shireen Sheriff as Director of Marketing and Communications

By Author

Published on January 16, 2025

Shangri-La Bengaluru, renowned for its blend of luxury and Asian hospitality, is pleased to announce the appointment of Shireen Sheriff as the new Director of Marketing and Communications. With an impressive career spanning over two decades across the hospitality, retail, and luxury sectors, Shireen brings unparalleled expertise and innovative thinking to the esteemed property.

Shireen’s illustrious journey began at Taj Fisherman’s Cove in Chennai, and she has since held influential roles across India, the Middle East, and Southeast Asia, including her most recent position as a Marketing and PR Consultant. Her strategic efforts have significantly enhanced the brand presence of luxury businesses, with a keen emphasis on digital transformation, branding, and guest engagement.

Vision and Leadership

In her new role, Shireen aims to integrate sustainability and technology into every aspect of the guest experience. She elaborates,

"It’s about offering guests not just luxury, but moments of connection and authenticity. Our goal is to create seamless journeys enriched by technology while fostering a more sustainable future in hospitality."

Under her leadership, Shangri-La Bengaluru’s seven dining outlets, including the renowned Shang Palace, Ssaffron, and Yataii, as well as the CHI Spa, will continue to shine as core elements of the hotel’s offerings. Shireen also plans to focus on storytelling and digital innovation, enhancing the brand’s engagement with its audience.

Words from the General Manager

Andreas Streiber, General Manager of Shangri-La Bengaluru, shared his enthusiasm for Shireen's appointment:

"We are thrilled to welcome Shireen to the Shangri-La family. Her vast experience and forward-thinking approach perfectly align with our commitment to delivering world-class Asian hospitality. We are confident her leadership will propel us to new heights in guest satisfaction and brand presence."

Beyond the Office

A passionate traveler, Shireen believes that “travels are the best teachers”, with markets and museums ranking high on her must-visit list. Her diverse interests include animal welfare, scuba diving, and art, reflecting a rich personal tapestry that complements her professional ethos.

About Shangri-La

Shangri-La is the iconic flagship brand of the Shangri-La Group, synonymous with heartfelt Asian hospitality. Known for its imaginative designs, cultural experiences, and authentic service, the brand operates in over 90 locations worldwide, from Australia to the United Kingdom.

About Shangri-La Circle

Shangri-La Circle is the brand’s travel lifestyle platform offering members exclusive benefits across 100+ properties worldwide, including restaurants, wellness facilities, and family experiences. For more details, visit the Shangri-La Circle website.


LeAmanah Awards Season 6 Launch: A Night to Celebrate Leaders in Hospitality

LeAmanah Awards Season 6 Launch: A Night to Celebrate Leaders in Hospitality

By Author

Published on January 16, 2025

As the calendar turns to a new year, the hospitality industry gears up for one of its most anticipated events: the launch of Leamanah Awards Season 6. Scheduled for Saturday, January 18th, 2025, at the illustrious Planet Hollywood Thane City, this glamorous evening promises inspiration, celebration, and an unforgettable experience.

What to Expect

Mumbai will play host to “Let the Leaders Talk,” an exhilarating collaboration between Leamanah Awards and Planet Hollywood Thane City. Here’s what makes this event a standout:

  1. The Grand Launch: Witness the prestigious commencement of Leamanah Awards Season 6 Launch, an accolade that honors excellence in the Indian hospitality sector.

  2. A Star-Studded Evening: The event will feature an impressive lineup of industry leaders, including:

    • Akash Bhatia, Chief Executive Officer, Eco Hotels

    • Vipul Mohan, Brand Ambassador of LeAmanah

    • Varun Sahani, Sr. Vice President Operations, The Orchid Hotel

    • Perkin Rocha, Business Consultant of LeAmanah

    • Bhagwan Balani, General Manager, ITC Maratha Hotel

    • Tanuj Arora, General Manager, Planet Hollywood Thane City

  3. An Inspiring Agenda: The evening will include a ceremonial lamp lighting, insightful sessions led by distinguished leaders, and a felicitation ceremony for esteemed guests and contributors.

  4. Networking Night: Conclude the evening by connecting with Mumbai’s most inspiring leaders and professionals in hospitality.

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About the Founder: Anu Singh Bagal

The visionary behind the Leamanah Awards, Anu Singh Bagal, has carved a niche in the hospitality and business consulting sectors. As the Founder and Managing Director of Leamanah By AB Consulting, she has consistently championed innovation, leadership, and excellence. Anu’s tireless efforts have propelled the Leamanah Awards to become a benchmark for recognizing outstanding achievements in Indian hospitality.

Her unwavering commitment to fostering talent and celebrating leadership is evident in the meticulous planning and execution of events like these. With Season 6, she aims to inspire even greater heights of achievement, spotlighting individuals and organizations that exemplify excellence in their fields.

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Event Details

  • Date: Saturday, January 18th, 2025

  • Time: 7:00 PM

  • Venue: Planet Hollywood Thane City, Ghodbunder Rd, Hiranandani Estate, Thane West, Maharashtra

  • Powered by: Ram Rattan Group

  • Media Partner: Hospitalitynews India

Agenda Highlights

  • Lamp Lighting Ceremony: A symbolic start to the evening’s celebrations.

  • Event Introduction: By Anu Singh Bagal, setting the tone for the night.

  • Welcome Address: Speeches by TJ and Vipul Mohan.

  • Leader’s Talk: Two engaging sessions featuring industry stalwarts.

  • Felicitation Ceremony: Honoring the evening’s distinguished guests and contributors.

  • Media Interactions: Exclusive bytes for the press.

  • Networking Night: An opportunity to forge connections and share insights with the industry’s best.

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A Night to Remember

Leamanah Awards Season 6 promises to be a night of glamour, inspiration, and celebration. With the spotlight on the leaders who shape the hospitality landscape, this event will undoubtedly set the stage for the year ahead. Don’t miss the chance to be part of this momentous occasion and witness Mumbai’s finest come together under one roof.

Stay tuned for exclusive coverage and highlights, brought to you by Hospitalitynews India.

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