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Blackstone Inc. is exploring options for selling its majority stake in VFS Global, a visa outsourcing and technology services firm, after receiving interest from potential investors. The company may consider bringing in a minority investor to raise funds and support growth. Discussions are at an early stage and no final decision has been made. from Top Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/naILezF

The company has committed an initial investment of INR 200 crore for research, product development, and the establishment of a manufacturing plant over the next two to three years. This move signals EaseMyTrip’s strategy to capitalise on India’s growing demand for eco-friendly transport solutions and sustainable mobility, which is expected to grow at a CAGR of 24% between 2024 and 2030. from Top Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/CQU36Jk

Eraaya LifeSpaces, known for managing luxury properties, has aligned its investment with Ebix’s global portfolio. The company, which filed for Chapter 11 bankruptcy in January 2024, has now become debt-free worldwide, exiting bankruptcy within a record nine months. The acquisition marks a significant turning point for the 12,000-employee strong firm, as it prepares to embark on a new phase of growth. from Top Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/OtlXmSE

Modern religious tourism in India is increasingly influenced by digital trends, with technology playing a crucial role in site selection and visitor engagement. The rise of digital pilgrimages and virtual reality experiences during the pandemic, such as live-streamed religious ceremonies and online darshans, has continued to attract spiritual travellers post-pandemic. Additionally, the integration of wellness retreats and Ayurvedic centers into religious tourism offerings is creating a more holistic travel experience for visitors. from Top Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/5wryGif

Adding to the discussion on visa challenges, Rajesh Magow, Co-Founder & Group CEO, MakeMyTrip, proposed the introduction of short-term tourist visas to expedite the process, suggesting this could be a potential innovation to boost tourism. He also emphasised that international travel growth does not come at the expense of domestic travel. from Top Travel News | Latest Travel Sector Updates: ET TravelWorld : ETTravelWorld.com https://ift.tt/eymcJv4