Travel house ltd

As per the International Monetary Fund IMF World Economic Outlook 1 , April , the global recovery during the year remained steady but slow and differed from one region to the other; the forecast for global growth in was 3. Although the overall travel recovery is progressing well, there has been a shift in traffic patterns, domestic travel has shown the strongest recovery, while international travel has been slower to rebound.

International travel house financials

In terms of market segments, leisure travel has recovered before business travel. The total number of global domestic passengers in exceeded that of by 3. On the other hand, international air traffic continued to lag behind its pre-pandemic levels but maintained a steady and strong growth rate, reaching In the year , the domestic airline passenger traffic in India showed a notable increase of 8.

Additionally, foreign tourist arrivals into India saw a promising recovery, reaching As businesses and travellers alike recognize the importance of face-to-face interactions for successful transactions, there are promising signs for growth in travel volume and expenditure in the year During the year under review, your Company recorded Operating Income of ''21, The Other Income of the Company was '' Your Directors are pleased to recommend a Dividend of ''5.

Total cash outflow on account of Final Dividend will be '' Note 1- Return on Equity and Net Profit Ratio of current year is not comparable with the last year due to one-time credit towards deferred tax assets of ''1, Most of the travel buyers report showed increase in bookings and spending for and it is expected that this year-overyear growth trend will continue GBTA Poll Jan Industry professionals also expect some challenges ahead, with rising travel costs and overall geopolitical conditions.