Prøve GULL - Gratis
Hotels and tour operators see flurry of cancellations
Business Standard
|April 24, 2025
Fear Factor Kicks In
Tourism took the hardest hit in Jammu & Kashmir (J&K), with the majority of hotels and tour operators seeing their bookings cancelled in the aftermath of the terror attack in Pahalgam's Baisaran, popularly known as 'mini Switzerland', where 26 people, mostly tourists, were killed.
The state, which had seen a record number of tourist arrivals over the past few years, with 2024 recording the highest at 23.5 million tourists, an average of more than 1.9 million a month, is currently under a hardened security cover, with many tourists stranded.
Pahalgam, Gulmarg, and other tourist hotspots, which usually see the highest footfall during the peak months of April and May, are now looking at a near-exodus of tourists.
Hotels based in Pahalgam have seen a spate of cancellations in the wake of the tragedy.
"We have seen over 100 cancellations for the coming weeks. With almost 50 rooms, most are vacant currently, and the few rooms that are occupied will be vacated by Wednesday night itself," said the general manager at a five-star property in Pahalgam.
Denne historien er fra April 24, 2025-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
Maruti, Hyundai grip wheel in a turning market
Exports, lean costs, and tax cuts keep growth engines humming, but next bend will call for sharper steering
2 mins
November 03, 2025
Business Standard
Fighting the Raj from America
In the years before World War I, a wave of Indian immigrants arrived in the United States (US) seeking work.
4 mins
November 03, 2025
Business Standard
Your credit is easier to steal than your money
TRUTH BE TOLD
3 mins
November 03, 2025
Business Standard
Govt taps IISc to boost critical minerals research
The Ministry of Mines has recogni-sed the Indian Institute of Science (IISc), Bengaluru, as one of the centres of excellence (CoE) under the National Critical Minerals Mission, a ₹16,300-crore initiative to bolster the country’s self-reliance in minerals essential for clean energy, defence and advanced technologies.
1 min
November 03, 2025
Business Standard
Trump threatens military action against Nigeria over ‘killing of Christians’
President Donald Trump threatened possible US military action against Islamist militants in Nigeria if the country's government doesn't halt the groups' \"killing of Christians\".
1 min
November 03, 2025
Business Standard
TFCI's growth drivers: Hotels, real estate, MSME solar
The Tourism Finance Corporation of India (TFCI) is seeing strong demand for hospitality and real estate funding and plans to expand into new areas, such as micro, small, and medium enterprise (MSME) solar financing for the tourism sector, said Anoop Bali, managing director and chief executive officer of TCI, in an interview with Harsh Kumar in New Delhi.
2 mins
November 03, 2025
Business Standard
Saudi Arabia's flyadeal to start India flights in Q1 of 2026: CEO
Bullish on the fast-growing Indian aviation market, Saudi Arabia's no-frills carrier flyadeal will start flights to Indian cities, including Mumbai, from the first quarter of 2026.
1 min
November 03, 2025
Business Standard
Use passive funds to build stable, diversified, long-term core portfolio
Avoid need to chop and change funds due tounderperformance; supplement with active funds in satellite portion
3 mins
November 03, 2025
Business Standard
Dubai's kids entertainment brand to debut in India in '26
Kids' luxury entertainment space, Boo Boo Laand, which is present in Dubai Mall, is expected to enter India by 2026, with its first launch in Mumbai's Jio World Plaza, a luxury shopping mall.
1 min
November 03, 2025
Business Standard
GST cut sees 2W owners upgrade to Maruti small cars
The share of small cars in Maruti Suzuki India has gone up sharply after the GST reforms, with the country’s largest carmaker witnessing a new profile of customers this festival season, who want to upgrade from two-wheelers to their first car buoyed up by the recent tax cuts.
2 mins
November 03, 2025
Listen
Translate
Change font size
