India's Tourism Triumph: Over 7.24 Million Foreign Visitors in 2023

India's Tourism Triumph: Over 7.24 Million Foreign Visitors in 2023

By Author

Published on December 22, 2023

India's appeal as a global tourist destination continues to rebound post-pandemic, with the country witnessing a significant uptick in foreign tourist arrivals (FTAs). According to the latest government data, India welcomed over 7.24 million foreign tourists till October 2023. This figure marks a notable rise from the previous years, showcasing the country's growing allure among international travelers.

Union Culture Minister G Kishan Reddy shared these statistics in a written response to a query in the Lok Sabha. The data, sourced from the Bureau of Immigration, reflects a steady recovery in the tourism sector. In comparison, foreign tourist arrivals were at 10.56 million in 2018, 10.93 million in 2019, but saw a sharp decline to 2.74 million in 2020 and 1.52 million in 2021 due to the pandemic. The numbers improved to 6.44 million in 2022, with 2023 already surpassing this figure by October.

In addition to these encouraging numbers, Reddy also mentioned government initiatives to further boost tourism. A notable project is the development of infrastructure and facilities at the erstwhile Bharat Gold Mines Limited (Kolar Gold Fields) into a tourist destination, undertaken by the Ministry of Mines in collaboration with the Ministry of Tourism.

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The government's focus isn't solely on new developments. Despite the non-approval of the 'Development of Iconic Tourism Destinations' scheme proposed in the Union Budget for 2019-20, the Ministry of Tourism has sanctioned 76 projects across the country, amounting to Rs 5,294.11 crore. This includes two projects in Maharashtra and one in Odisha.

This surge in foreign tourists is a positive sign for India's tourism sector, indicating a strong recovery and renewed interest in the country's diverse cultural and natural offerings. With continuous efforts to develop and enhance tourist destinations, India is poised to reclaim its status as a leading global tourism hotspot.


Kuwait Launches ‘Visit Kuwait’ – A Comprehensive Hub for Tourism, Culture, and E-Visas

Kuwait Launches ‘Visit Kuwait’ – A Comprehensive Hub for Tourism, Culture, and E-Visas

By Manu Vardhan Kannan

Published on August 10, 2025

Kuwait has launched its new national tourism portal, ‘Visit Kuwait,’ offering a seamless gateway for travelers seeking visas, cultural insights, and curated travel plans, all in one place. This digital platform is a key part of Kuwait’s Vision 2035 strategy, designed to enhance the country’s tourism experience and expand its global reach.

The portal simplifies the visa process with a fully online system for tourist, business, family, and official visas, eliminating the need for embassy visits. At the same time, it brings together a rich collection of travel tools, destination guides, cultural calendars, event updates, and practical travel tips, to help visitors explore Kuwait with ease.

Beyond its functional features, Visit Kuwait also acts as a cultural showcase. Users can dive into Kuwait’s unique offerings, from modern landmarks like Kuwait Towers and the Sheikh Abdullah Al-Salem Cultural Centre to vibrant souks, festivals, and historic museums.

The initiative is more than just a convenience, it plays a vital role in Kuwait’s economic transformation. As part of the Vision 2035 agenda, the portal supports the government’s aim to reduce oil dependency by strengthening the tourism sector. With a unified, digital-first approach, Kuwait is stepping into the global tourism spotlight, ready to welcome the world with open arms.


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.


McDonald’s Returns to Sales Growth with Pop Culture Tie-ins and Budget Meals

McDonald’s Returns to Sales Growth with Pop Culture Tie-ins and Budget Meals

By Manu Vardhan Kannan

Published on August 10, 2025

McDonald’s has bounced back to growth, reporting a 3.8% rise in global same-store sales for the second quarter of 2025, driven by smart value-driven offerings and creative pop culture collaborations. The uptick marks a positive shift for the brand after four quarters of sluggish or declining growth, helped along by consumer-focused strategies aimed at easing economic concerns.

International markets led the charge, while sales in the US rose by 2.5%, reversing the downward trend seen in previous quarters. The brand’s strong quarter was supported by promotions tied to pop culture, such as limited-time offers linked to the Minecraft movie and Squishmallows collectibles, which drew attention from younger audiences and families alike.

Alongside the promotions, the launch of a $5 meal bundle and the introduction of new chicken items helped McDonald’s connect with budget-conscious customers seeking both value and variety. These strategies appear to have paid off, positioning McDonald’s for continued momentum.

“The overall second-quarter results show that McDonald's strategy is working and could lead to sustained same-store sales outperformance compared to the rest of the industry,” noted Jon Tower, analyst at Citi.

The rebound in the US is particularly notable, especially when compared to competitors like Chipotle Mexican Grill and Pizza Hut, which continue to face challenges in communicating value to consumers. McDonald’s blend of affordability and fun has given it a clear edge, demonstrating how well-timed promotions and accessible pricing can win over today’s cautious diners.

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