Sabre, Akbar Travels sign long-term partnership agreement By TBM Staff | Mumbai
Sabre Corporation, a software and technology provider that powers the global travel industry, and Indiaâs largest travel agency, and Akbar Travels, today announce a new long-term, strategic partnership agreement to further expand Sabreâs footprint in the Indian subcontinent while driving operational efficiencies to increase productivity and profitability for Akbar.
Under the extended and expanded agreement, Sabre will continue to be Akbarâs preferred global distribution (GDS) partner in India, ensuring that the firm, which is the largest travel company in India in terms of IATA-approved branches, staff numbers and business turnover, can continue to access real-time, rich content from hundreds of thousands of airlines, hoteliers and other travel providers through Sabreâs intuitive Sabre Red 360 interface.
Noida International Airport signs state support agreement with UP By TBM Staff | Mumbai
A state support agreement was signed between Noida International Airport (NIA) and the Government of UP in Lucknow today, in the presence of Chief Minister of Uttar Pradesh, Yogi Adityanath, Rajendra Kumar Tiwari, Chief Secretary, Government of Uttar Pradesh, S.P. Goyal, Additional Chief Secretary, Government of Uttar Pradesh, Arunvir Singh, CEO, NIAL, Christoph Schnellmann, CEO, NIA and Kiran Jain, COO, NIA.
The agreement lays down the state governmentâs support to establish and continuously improve surface access to the airport, establish and expand utilities required to run the airport (water, electricity, waste water), maintain law and order, including monitoring at the airport and grant the necessary clearances to build and operate the airport. The agreement marks another important milestone towards the implementation of
Ginger debuts in Kochi with the signing of two hotels By Hbi Staff | Hyderabad
Ginger strengthens its footprint in southern India with the signing of two new hotels in Kochi â at Kochi Airport and Kalamassery commercial hub, respectively. Both hotels will be designed around the brandâs design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.
Commenting on the twin-signing, Deepika Rao, Managing Director & Chief Executive Officer, Ginger Hotels, said, âIt is a proud moment for us. With these two signings, we enter Kochi â an important focus market for Ginger. These hotels will cater to distinct and high demand micro-markets of Kochi. We are delighted to partner with Canton Residency Private Limited for these projects.â
Aviation infrastructure sector in turbulence; headed for prolonged recovery: ICRA By TBM Staff | Mumbai
With the increase in the domestic airlines capacity to 80% of pre-Covid levels in December 2020 from 33% in May 2020, the recovery in the domestic aircraft traffic has been gradual, reaching 73% of previous year level in January 2021. The recovery in the domestic passenger traffic was gradual, in line with the phased reopening of economy.
The passenger traffic recovery in recent months, which reached 15.2 million in January 2021, is supported by increase in capacity of airlines, travel during festive and wedding season. Some resumption in travel to key leisure destinations with onset of fatigue due to work from home is also visible. As for the ramp-up in the international aircraft traffic, it has been subdued at 40% of previous yearâs level with traffic limited to air travel bubble arrangements and Vande Bharat