Wed Sep 18 03:00:00 UTC 2024: ## India’s Travel Industry Booms: Goa Cruise Terminal, Air India Retrofit, and Ventive IPO Highlight Growth

**Goa, India** – Goa is experiencing a surge in cruise tourism, with a 40% increase in passenger numbers recorded in the 2024 fiscal year. To accommodate this growth, a new international and domestic cruise terminal is being constructed at Mormugao Port and is expected to be operational by next March. The terminal will boast duty-free shops, multiple immigration and check-in counters, and waiting lounges. However, industry experts warn that Goa faces challenges attracting international tourists, including issues with harassment from tour and taxi operators.

**Air India Invests in Modernization** – Meanwhile, Air India has initiated a $400 million retrofit program to modernize its legacy fleet, including 67 aircraft. This upgrade will see the implementation of a three-cabin configuration, new livery, and updated seats. The program began with 27 Airbus A320neo aircraft and will continue with 40 Boeing jets. The first retrofitted aircraft is expected to re-enter service in December. This modernization comes amidst Air India’s ongoing merger with Vistara, which is scheduled to be completed by November 12.

**Ventive Hospitality Seeks Funding for Expansion** – Luxury and business hotel company Ventive Hospitality has filed for a $239 million IPO with the Securities and Exchange Board of India. Proceeds from the IPO will be used to repay existing borrowings. Ventive currently operates 11 hospitality projects across India and the Maldives, including Marriott, Hilton, and Atmosphere brands.

**Other Travel News** – Bangalore’s Kempegowda International Airport has implemented screening measures for international passengers to prevent the spread of Mpox, following the country’s first confirmed case. IndiGo Airlines is expanding its domestic network, with new daily flights from Delhi to Tirupati and increased frequency on the Delhi-Aizawl and Delhi-Dimapur routes.

These developments underscore the growth and potential of India’s travel industry, which is steadily recovering from the pandemic. However, the need to address safety and service quality concerns remains crucial to attract and retain international tourists.

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