India's Airfare Success Story: Trevolution Group Reports Historic Sales Figures

India's Airfare Success Story: Trevolution Group Reports Historic Sales Figures

By Author

Published on November 11, 2023

In an encouraging sign of robust recovery and growth, Trevolution Group has reported record-breaking airfare sales in the Indian market. This surge showcases a significant 37 percent market growth in the third quarter of 2023 compared to the same period last year, underscoring India's ascending prominence as a top travel destination.

The group's data highlights a remarkable sale of over 59,220 flight tickets from India's primary airports, culminating in nearly USD 103 million in gross bookings. This figure constitutes more than 11 percent of the company's total gross profit during the third quarter, pointing to India's expanding footprint in the global travel industry.

A significant contributor to this uptrend is the robust demand for trans-Pacific flights, which has surged past pre-pandemic levels. The first nine months of 2023 witnessed a 22 percent increase in inbound tourism and an even more impressive 179 percent boost in outbound tourism from India.

The class of travel has also diversified, with sales soaring across all cabin classes. There has been an outstanding 193 percent growth in economy class bookings and a 139 percent increase in business class bookings from India. This surge not only reflects the return of business travel but also highlights the growing Visiting Friends and Relatives (VFR) segment, particularly among the 4.4 million Indian Americans.

In terms of booking trends, there has been a shift toward advance planning, with over one-third of international travelers booking their flights to India more than 90 days in advance. However, outbound travelers from India display a contrasting pattern, with a notable proportion making last-minute bookings.

Destination data reveals that the majority of travel from India is directed towards the United States, Canada, the UAE, the United Kingdom, and domestic locations, with New York, San Francisco, Chicago, Dallas, and Washington being the top cities. Airlines such as Emirates, Air India, and Turkish Airlines are leading in terms of service preference among travelers.

Trevolution Group's report indicates that the Indian diaspora in North America plays a significant role in these travel patterns, with many Indian passengers flying to these regions to maintain familial and cultural ties.

Alex Weinstein, the Founder of Dyninno Group, stated, "India’s growing economy and expanding international business relations are fuelling a rising demand for global travel. The strategic partnerships we’ve forged, particularly with Air India, have been pivotal in driving this success."

As the holiday season approaches, the travel industry anticipates continued growth, with trends indicating a year of unprecedented success. The record airfare sales in the Indian market are not just numbers but a reflection of the country's burgeoning economy, the evolving habits of its travelers, and its rising status as a global travel hub.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

By Manu Vardhan Kannan

Published on August 18, 2025

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.

ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.

Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.

Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,

"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."

ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

Published on August 10, 2025

Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.

Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.

Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.

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