Skip to main content
ASIA NEW HOT FAVOURITE FOR INDIANS

Asian destinations like Singapore, Dubai and Thailand are fast emerging as the favourite destinations for Indian travelers, pushing the US, Australia and Mauritius to the back-burner as expenses are spiraling with fall in rupee's exchange value, says a survey. "Singapore, Dubai and Thailand are replacing the US, Australia and Mauritius as top three choices due to rising costs," according to ICICI-Lombard survey. As per the survey, factors like a sharp fall in the rupee, expensive overseas travel and rising air travel have contributed towards this change of preference among travelers. The survey covered Mumbai, Delhi, Bangalore, Ahmedabad and Indore, with inputs coming in from 1,043 participants. The survey further said that while beaches, landscapes, historical and heritage sites seem to be the top consideration for overseas travel, safety and security are also gaining importance. Interestingly, while the US is considered the safest country by travelers, China is perceived to be least safe. "China is seen as the most unsafe country and the US is considered the safest by domestic travelers. Similarly, Singapore ranks tops in tourist infrastructure, while Sri Lanka is placed in the bottom on this front. It also said majority of the travelers prefer to travel with their families. On the cost side, the survey reveals that while the US is the most expensive destination, Sri Lanka is the least expensive. As far as the information for overseas travel is concerned, the survey reveals that travel agents are the key source of information, followed by advice from friends and relatives as well as the Internet. On purchasing of travel insurance, the survey said luggage protection is the key trigger for purchasing travel insurance, which is different from the claims behaviour that is mostly coming in from medical expenses. According to the ICICI Lombard claim data, maximum of around 80 per cent claims paid were reported from the US. Commenting on the survey findings, chief underwriting and claims officer at ICICI Lombard Sanjay Datta said, "these insights will help them introduce innovative products and services with the changing need of the customers in the travel insurance segment."
  

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

INVESTORS RICHER BY Rs. 25 LAKH CRORES IN SAMVAT 2073

Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…

BIRLAS ENTER TOP LEAGUE WITH $50 BILLION M CAP

The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…