PROMISING NEW HIGHS
AN INDUSTRY
What's ahead for Indian
aviation in 2020?
India will become the worlds
third largest aviation market
around 2024 surpassing the
United Kingdom, according to
global airlines’ body IATA.
SpiceJet starts four new
flights on its domestic
network
Mumba: Low fare carrier
Spicolet NSE -0.109% has sad it
is launching four new fights on
its domestic network
Climate change in
focus - India wants
to build 100 new
airports over the
next five years
Prime Minister Modi wants to
stimulate growth in india by
connecting smaller towns and
villages and even potentially
creating a plane lease financing
business
Versace eyes opening
over 100 stores by
2022
Versace, owned by Capri
Holdings Ld, is eyeing to
launch more than 100 new
stores by 2022, The luxury
fashion brand aimsto expand ts
global retall_ footprint from
about 188 stores to 300.
Indian to increase
the number of
operational airports
to 250 by 2020
India has 91 international
carriers comprising of 5 Indien
carriers and 86 foreign carriers,
which ensure that India is well
connected with most_major
countries. Revenue Passenger
Kilometre (RPA) in domestic
airline demand growth of 186%.
KOLKATA: Singapore Airlines (SIA) has decided to Introduce a fifth weekly flight to Kolkata, india, from
March 29, 2020. It said, on the same day, the airlines regional wing SilkAir will cease services to the city.
Currently, SIA operates four weekly fights and SilkAlr operates three weekly flights to Kolkata,
From March 29, 2026, the SIA Group airlines will operate more than 140 weekly flights to India. Sales for
SIAS additional Kolkata fights will commence. Customers with existing bookings on SikA’s Kolkata fights
‘on and after March 29, 2020, will be re-accommodated on SI's fights.
Indian domestic passenger traffic
hits 11.3% growth in November:
IATA
Reaching double digits for the first time since January
2019, domestic passenger traffic growth in india jumped
to 113% in November as compared to the
corresponding month of 2018, said global aitines body
IATA. IATA, which represents around 290 airlines
comprising 82% of global air trafic, measures passenger
growthin Revenue Passenger Kilometres (RPKS).
$ 120 bn investment i
airport infrastructure
India has 464 airports and airstips, of which
125 airports are owned by Airport Authority of
India (AA). These 125 AAI airports manage
close to 78% of domestic passenger traficand
22%6of international passenger traffic.
Passenger traffic in India stood at 316.51 mn
during April 2018 - Feb 2019. Out of which
domestic passenger traffic stood at 25292 mn
while international taf stood at 63.59 Mm.
‘The aircraft movement, passenger traffic and
freight traffic Increased by 4.9%, 45%.
Source
www.businesstravellercom
www.econemictimes.com
wwwforbes.com
wwwindianretaile.com
wwwinvestindia.govinAN INDUSTRY
India set totrigger Choice Hotels plans to open 11 new hotels in India in 2020
revival of global Choice Hotels India, a wholly-owned subsidiary of the US-based hospitality company Choice Hotels
vintion'sactors Internationa, is looking to open 11 new hotels in Indiain 2020. "Currently, we have 32 operating hotels in
ISRO Director
Wings India 2020, a flagship
event of India's civil aviation
industry will be held at
Begumpet Airport, Hyderabad,
from March 12 to 15. The
fourday event themed ‘Flying
for All! is an_ international
platform focused on new
business acquisitions,
investments, policy formation
and regional connectivity in the
civilaviation industry.
Wings India 2020 is also Asia
largest and most popular
gathering in the industry
Organised jointly by the Union
Ministry of Civil Aviation, AAI
and FICC.
Hyatt plans to open
11 new hotels in
India by 2020 end
Global hospitality firm Hyatt
Hotels Corporation is looking to
open 11 new hotels across India
by the end of 2020 as part of its
expansion plans in the country,
a senior company official has
said,
Fashion brand
Carrera Jeans eyes
to enter India by
2020
The fashion brand from Italy has
tied up with LicenseWorks, the
leading brand licensing agency, to
help them expand into India via
partnerships with bestin-class
‘manufacturers and retailers across
various categories like Apparel,
Footwear and Accessories. for
men, women and kids
Gianluca Tacchella, CEO, Carrera
Jeans said, “CARRERA is excited to
India spread across the country. in 2020, we are looking at opening 11 new properties, mainly in tier land,
the total to 43,’ Choice Hotels India CEO Vilas Pawar told here. The upcoming hotels, which
‘are under various stages of development, will be in cities. The upcoming hotels, which are under various
stages of development, will bein cities including Gurugram, Lucknow, Dehradun, Indore, Bengaluru, Kechi,
‘Abu Road, Dalhousie, Khanvel, Lakhimpur and Rishikesh, under the franchise model, he said. The new
hotels will be opened under Comfort Inn, Quality Inn and Clarion brands as the company is mainly present
in the mid-scale segments in India, he added, "Most of our new properties will mainly be in tier Il and Ill
ities. In India, Choice Hotels operates mainly under three brands - Comfort (three star), Quality (four star)
‘and Clarion (basic five star). The company also has The Ascend Hotel Collection brand in India that offers
upscale boutique and historic hotels
Walmart launches
credit cardin
partnership with
HDFC
Walmart India, in partnership
with HDFC Bank launched 2
al P co-branded creditcard
L Best Price Modern Wholesale
7 ‘B2B Cash & Carry’ stores, offering
‘ree credit up to 50 days. The
card was launched here at Best
Price Store by krish Iyer,
President and CEO, Walmart india
and Parag Reo, Country Head,
TROTEL:
Prestige looks to
more than double
hotel rooms by 2023
Real estate developer Prestige
Group, which signed a
partnership deal with Marriott
International plans to more than
double rooms in its hospitality
business to 3,100 over the next
four years, according to its
Chairman, Irfan Razack.
Once the new hotel rooms
become operational, the
portfolio will contribute about
21,200 Crores in rental income to
the Bengaluru-based Prestige
Group, Razack.
Source,
wwweconomictimes.com,
wwwuvlivemint.com
wwiwindianretailercom— AN INDUSTRY
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_ Campus Drive held on
10* January, 2020.
Breaking news
UNIQLO HAS COMMITTED
SIGNIFICANT INVESTMENTS IN INDIA,
SAYS FOUNDER
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TATA INTERNATIONAL, CLARKS
FUTURE FOOTWEAR PLANNING TO
EXPAND IN INDIA
Two major leather footwear and fashion products players are
planning to expand their presence in India in the next few years.
According to industry experts, India is the festest growing footwear
‘market among the top 10 markets with a Compounded Annual
Growth Rate (CAGR) of 76%.
Source:
‘worliverint.com
wurwbusinese-standard.com—— AN INDUSTRY
PROMISING
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PT Ce
on 14 November, 2019.
READY TO SERVE
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FINEST.
Cantabil targets 400
retail outlets pan
Cantabil Retall India Ltd, one of India's leading apparel brands,
charted its growth trajectory for the year 2020. Projecting an upward
movement, the company fs planning to expand ts etailpresence with
400 outlets by 2020. Currently, Cantabil has 299 stores andi presentin.
Te statesacross inaia
Presently, Cantabil has 80% company-owned outlets and 20% is
owned by franchisee partners. For the next phase ef development, he
Company is planning to invest approx €25 Crores in Tier Nand Tier Il
markets,
Deopak Bansal, Ditector of Cantabil Retail India Lt said, "The year
2018 has been a pesitive year for us and we are very hopeful to
ontinue with the same grovith momentum in the coming yesr There
fea Signifcantincrease in awarenese about the fashion treng amongst
the people in smaller towns and cities, and hence, we see immerse
potentialin Tier land ier ll markets for cur expansion, We are locking
at offering the best of fashion and quality, and our target states are
Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Madhya Pradesh, etc”
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