Where The Best Minds Meet
 
Home | Everything | News | Blogs | Jobs | Ask Questions | Submit Article or Question | About Biharscoop | Register

Login

Make a new account

Username:
Password:
www.thejamalpur.com

Who's Online? (11)

. Unregistered Visitors (11)

Note: You may cloak yourself from appearing here in your Display Preferences.

Recent Comments

. No power available in Kirtibigha, Po-Ketaki, Deo, (Abhaykumar2)

. Rules are only for the subjects and not for Rulers (Bihar Putra)

. Re: (outdoorh)

. Re: (09009)

. Investment in Bihar (achauhan2002)

. reforming bihar (rohitneta)

. Looking for Investment in Bihar (bhishm4u)

. mungur (khyrahTakooree)

. This is the fact (Rajesh Kumar)

. Investment in Bihar (abhishekpandey)

Recent Member Diaries

Please Don't think in a different way always
by Rajesh Kumar - December 13

How to use the "Free Member Diaries" feature.
by Rajesh Kumar - August 20


More Diaries...

Front Page

Tuesday August 17th
. BSTDC Set To Sign MoU For Cruise In Ganga (0 comments)
. New Officers Training Academy To Be Set Up In Bihar (0 comments)
. Proposed Rule For Selecting Students Of IITs Opposed (0 comments)

Monday August 16th
. Going Online: IT Majors Take Tech Route To Hiring (0 comments)
. Gaya Airport To Be Developed As Govt Refuses Land for Patna (0 comments)

Sunday August 15th
. Bihar Agri Institute To Help Region With Tech, Seeds (0 comments)
. Bihar Govt Draws Rs 570 Crore For Diesel Subsidy For Farmers (0 comments)

Saturday August 14th
. Bihar To Declare More Districts Drought-Hit (0 comments)

Friday August 13th
. BSNL Comes Up With Spl Offers (0 comments)
. No Tieup In Bihar: Congress (0 comments)
. CM Lays Stone For Police Academy At Rajgir (0 comments)
. Bihar Brains Shine In IAS Exam, Again (0 comments)
. New Central Varsities Facing Infrastructure Problems (0 comments)

Thursday August 12th
. Govt Signs MoU To Develop Tourist Sites (0 comments)
. City Roads To Be Named After Freedom Fighters (0 comments)
. Tourism Given Industry Status In Bihar (0 comments)
. Bihar To Extend IT Benefits To Agriculture Sector (0 comments)
. Bihar Industries Association (BIA) Asks Govt To Give Tax Relief To Industries (0 comments)
. Work On Jagjiwan Bridge May Be Completed By Sept 2011 (0 comments)
. CM Lays Foundation Stone Of CIMP at Mithapur Institutional Area (0 comments)

Tuesday August 10th
. HC Stays New Apartments Buildings In Kidwaipuri Area (0 comments)
. Areva To Deliver Eastern Grid Sub-Station To Power Grid in Bihar (0 comments)

Monday August 9th
. City Likely To Have Ganga Riverfront Soon (0 comments)

Saturday August 7th
. Patna University (PU) Colleges, PG Depts To Be Wired (0 comments)

Thursday August 5th
. Bihar To Seek Rs 15,000-Crore Central Package For Drought (0 comments)

Wednesday August 4th
. New Infra In Bihar Provides Greater Access To Mkts And Schools; spurs Economic Activity In State (0 comments)

Tuesday August 3rd
. Bihar Declares 28 of 38 Districts Drought-Hit (0 comments)
. Snag In Underground Cable Hits Power Supply (0 comments)
. Bihar Sees A Growing Tribe Of Rural Migrants (0 comments)

Monday August 2nd
. Work On New BG Lines on Jayanagar-Darbhanga-Sitamarhi-Bargania-Bikhnatori Route In Full Swing (0 comments)

Older Stories...

`Goodies` On Offer - Travel industry innovates to beat slowdown blues

Airlines are lowering fares and offering special schemes to passengers

Travel management companies are devising innovative holiday pack ages in an attempt to attract customers who have been headed for the exits since the economic slowdown began.

And in at least one case, they are playing to a much-feared asset these days--shares. Lifestyle Holidays, which is promoted by brokerage Bulls and Bears Finance Ltd, is offering to buy shares from travellers in return for packages. It accepts equity of 72 firms and is even willing to pay a premium for some stocks.

"There is one more catch as the capital markets are ruling low. We will buy the shares at 10% premium on the value that (they) were trading on the date the transaction was done. We are willing to buy shares of as many as 72 companies," Mandar Sahasrabudhe, assistant manager (operations) at Lifestyle, said.

Shares that Lifestyle is willing to buy include Reliance Industries Ltd, Reliance Communications Ltd, ICICI Bank Ltd, Jet Airways (India) Ltd, DLF Ltd, Colgate-Palmolive (India) Ltd and companies of the Tata group.

Source: Live Mint `GOODIES' ON OFFER - Travel industry innovates to beat slowdown blues

Click On "Full Story" For More...

By ugesh sarkar, Section Tourism
Posted on Mon Mar 02, 2009 at 02:02:37 AM EST
Other travel management companies are equally upfront about the fact that these are hard times, and they are doing whatever they can to pass on the benefits to consumers.

A promotional campaign from Kesari Tours and Travels Pvt. Ltd reads: "Oil prices down, tour prices down." Using this as a platform, the Mumbai-based tour management firm is offering discounts on international and domestic holiday deals.

The print advertisement of Lifestyle Holidays reads: "The global recession has come to our doorsteps. It's time to save, not spend. But what about that vacation you promised your family?" "Airlines, travel agents, on line travel agents and tour operators are offering freebies to their customers as slowdown has started affecting the market. Besides ensuring continuous revenue inflow, companies are trying to beat recessionary trends," said Sameer Patil, head of marketing at Arzoo.com, a city-based online travel agency, or OTA.

However, it is not just the private sector that is offering all the goodies; governments of countries that have large revenues from tourism are also pitching in with the effort to boost travel.

The Thai consulate in India is exempting visa fees on tourist visas and visas for medical treatment. Mint has reviewed a circular issued by the Thai consulate-general in Mumbai, dated 24 February.

"Earlier, Royal Thai Consulate was charging Rs1,400 per person (as visa fee). You can see similar attempts by various consulates to woo tourists," said an analyst who tracks hospitality and aviation, on condi tion of anonymity.

"Airlines, domestic and international, are also doing their best by lowering fares and offering special schemes.

As the travellers are cutting down their budget, these players are trying to beat the slowdown blues by offering free bies," the analyst said.

The promotions come as the domestic aviation industry has stumbled in the wake of the global downturn. Eight scheduled airline firms in the country, such as National Aviation Co. of India Ltd, which runs Air India, and SpiceJet Ltd, carried 12.78 million passengers between October and January, down from 15.35 million during the year-ago period. This period is considered to be the busy season in India as domestic travellers and foreign tourists travel for festivals such as Diwali and Christmas, and during winter vacations.

According to data from the ministry of tourism and culture, foreign tourist arrivals in January were 487,000, down from 591,000 in the same month a year ago, and 522,000 in December. The data attributed the decline in the number of foreign tourists primarily to the ongoing global slowdown.

< Rs 15cr For City's Parks | Lalu Launches A Number of New Railway Schemes in Bihar >

Biharbrains Community
In search of Brains of Bihar
info@biharbrains.org
www.biharbrains.org biharbrains -subscribe@yahoogroups.com