moneycontrol.com’s Post

The Festive Season is here! 🎆 🎁 The Indian Festive Season is more than just joy and celebrations; it significantly impacts sectors like services, manufacturing, travel, hospitality, retail, and entertainment. Cultural events inject billions of rupees into the economy, creating numerous job opportunities. According to a recent release by Abhi and Niyu on YouTube, the Ganpati Festival in Maharashtra alone generates around INR 2 lakh crores of additional revenue annually! Festivals like Ganpati, Durga Puja, Diwali, etc not only boost domestic tourism but also attract international travellers, leading to a surge in demand for hotels and restaurants. During this period, the food and beverage industry, especially mithai sales, sees a significant increase. The entertainment industry strategically schedules releases on various platforms to capitalize on the festive season, further boosting revenues. Corporate and Social gifting during the festive season has evolved into a multi-billion rupee industry, driving innovation in products and services to stay ahead. During my tenures at Marriott International - India and TajSATS, the festival season played a vital role in achieving our key performance indicators, requiring meticulous planning and sales forecasting months in advance. The intense competition pushes businesses to innovate their products and services further. As we usher in the Festive Season 2024, I extend my best wishes to my friends in the industry for a successful season ahead. 🙌 #IndianFestivals #EconomicImpact #CulturalCelebrations #Gifting #FestiveSeason #Hospitality

Why do we have so many holidays in India? It's so unproductive. when all the people who are comparing India to China will see how many holidays they have and the difference in individual productivity they will keep quiet. It is only when you interact with companies in both countries as a buyer do you realise what a long way our attitude has to go to be a significant player in global supplies. here there is a wedding or a religious festival or lunch break and what not. even after you get them the TAT is very different as is the quality of the response. I really hope we do something about this. And no I am not talking about Narayana Murthy's 70 hours but a whole attitude and disposition change. With the amount of jabbering that goes on in the country, it is ridiculous that they make you wait for weeks only to tell you that they cannot supply this item or will take ages to deliver another. the same query a supplier in China got back within 12 hours and with all the things you haven't even asked yet, but you would down the line. this is being called prepared. Indian stuff is good, often even better than Chinese stuff. esp equipment but the range is limited and delivery deadlines are to be taken with a pinch of salt. normal excuse, Diwali happened workers didn't return in time. yes but you knew Diwali would happen when you gave the deadline! so don't go around pretending like it is an unforseen event. rant over.

The Indian wedding industry is set to contribute roughly ₹4.7 lakh crore ($58.75 billion) this season, reflecting a substantial annual increase. Key statistics include an estimated industry size of $40-50 billion, 2.5 to 3 million expected weddings, 70% of gold sales linked to weddings in India, and 1.2 million weddings with a ₹10 lakh ($12,000) budget. These statistics are directly linked to the occasion of wedding but if we generalise some of the aspects. Wedding season also boosts economies of #realestate #automobile industries. As people in India buy houses and automobiles as a part of Preprocesses of Wedding. Local economies consisting from a ordinary #plumber to wedding Location resort/ Halls gets a boost in #weddingeconomy. Consider or not but we can say that after Diwali, the unsaid biggest festive season is #shaadiseason. A #POV #marriageeconomy #india #weddingseason #economics #business #tradition

Ganapathi Bappa Moriya! 🙏 When Bal Gangadhar Tilak ji initiated Ganesh Chaturthi celebrations, it was with the purpose of uniting communities for a greater cause. Decades later, that vision continues to bring us together for collective good, it’s nice to see this! And there’s room to take it further. Every year, our beautiful celebrations also generate tons of flower waste, Prasad, and other unregulated waste at Pandals. Instead of letting these offerings clog drains, why not recycle them into compost and return them to the farmers to enrich the soil? 🌸🌱 Phool.co and many others are doing this actively. In our community, we’ve been driving efforts to reduce plastic use and promote sustainable waste management during Ganesh Chaturthi. This isn’t just a temporary change—it’s a shift we are instilling in future generations - “Prarthna, Jap, Satvik aur Satat Soch!” Lord Ganesha symbolizes wisdom, and now it’s on us to celebrate him with eco-consciousness and respect. How can we make this Ganesh Chaturthi even greener and more sustainable? 💚 #EcoFriendlyGaneshChaturthi #GanapatiBappaMoriya #Sustainability #GreenFestivals

TRAVELS REMAINS UPBEAT HOTEL AND AIRFARES HAVE SOFTENED Thomas cook bookings are up by 25-30% (on week-on-week basis) as long weekend is approaching. Also forward bookings for Diwali is looking strong at the moment. In Q1 travel segment income grew by 15% and profitability grew by 17%. There has been an increase in travels also because there is trend which is known holidays on EMI. The penetration of Holidays on EMI was 6% last year which has increased to 8% this year. Market cap: 9,365 crores CMP Rs 199 Conclusion: Can see upwards trend in travel stocks as demand for travel will going to increase in coming time. Stock in focus is Thomas cook, Make my trip, Easy trip planners Ltd.

𝐅𝐞𝐬𝐭𝐢𝐯𝐚𝐥 𝐬𝐞𝐚𝐬𝐨𝐧 𝐚𝐢𝐫𝐟𝐚𝐫𝐞 𝐬𝐩𝐢𝐤𝐞: 𝐀𝐢𝐫 𝐭𝐫𝐚𝐯𝐞𝐥 𝐜𝐨𝐬𝐭𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐃𝐢𝐰𝐚𝐥𝐢 𝐚𝐧𝐝 𝐎𝐧𝐚𝐦. In a recent update, airfares are going up sharply for the upcoming festival season, with average one-way ticket prices increasing by 10-15% for Diwali and 20-25% for flights to Kerala cities for Onam. The analysis report was shared by travel portal ixigo.For the period from October 30 to November 5, 2024, the average one-way fare for a non-stop flight on the Delhi-Chennai route is INR 7,618, marking a 25% increase compared to the same period last year. On the Mumbai-Hyderabad route, fares are 21% higher at INR 5,162, while on the Delhi-Goa and Delhi-Ahmedabad routes, prices have risen by 19% to INR 5,999 and 16% to INR 4,930, respectively. Read more :- https://lnkd.in/gDH5CuJt #Dailyupdates #Travel #WeeceTravel #TravelManagement

🎄 The Growing Festivity of Christmas in India: A Boon for the Economy🌟 As we embrace the festive cheer of Christmas, it's fascinating to observe how this celebration has been growing in prominence across India. Not so long ago, Christmas was a festival largely observed by the Christian community, but today, it transcends religious boundaries, bringing joy to people of all backgrounds. 🎁 The Rise of Secret Santa One delightful tradition that has gained immense popularity is 'Secret Santa'. What started as a fun, western concept has found a special place in our offices and among friends. This game of anonymous gift-giving not only adds an element of surprise and excitement to the season but also fosters a sense of camaraderie and bonding. 💹 Economic Impact But there's more to this than just festive fun. The growing popularity of Christmas, closely following Diwali, is making a noticeable impact on our economy. The increased spending during this season - be it on gifts, decorations, or festive gatherings - is a boon for various industries. Retailers, both online and offline, are witnessing a surge in sales, contributing significantly to the economy's health. 🇮🇳 Cultural Integration and Economic Growth This trend is also a testament to India's cultural integration and adaptability. Embracing global festivals like Christmas not only enriches our cultural tapestry but also presents economic opportunities. The festive period now extends beyond Diwali, keeping the momentum of consumer spending high, thus benefiting numerous sectors. 🔮 Looking Ahead As Christmas continues to grow in scale and grandeur, it's crucial for businesses to recognize and leverage this trend. The festive season presents an excellent opportunity for brands to connect with their audience, innovate with their offerings, and contribute to the festive spirit. In conclusion, the growing prominence of Christmas in India is more than just an expansion of our cultural festivities. It's a driver of economic growth, a catalyst for social bonding, and a reflection of our nation's dynamic, inclusive spirit. 🌟 Here's to a festive season that not only brings joy and warmth but also contributes to our collective prosperity. Merry Christmas to all! #ChristmasInIndia #EconomicGrowth #FestiveSeason #SecretSanta #CulturalIntegration #MerryChristmas 🎅🏽🎉 Vritima Wadhwa Dhananjay Singh Aishani Vij Suhail Kapur Aashman Bhatia Neeti Goel Shweta Kapur

In December 2023, Delhi faced its worst air quality in five years with an AQI of 348. Despite this, 2023 marked the best overall air quality since 2018, excluding the pandemic year. The data highlighted over 200 'Good to Moderate' AQI days, a significant improvement. Severe AQI days matched 2018 at 15 days. The ministry credited reduced episodic events and celebrated the cleanest pre-Diwali and Diwali days since 2018. Optimistically, the announcement foresaw annual improvements in Delhi's air quality through collaborative efforts and targeted policies, expecting a gradual but marked enhancement. #DelhiAirQuality #EnvironmentalData #AirQualityIndex #ClimateChange #AQI2023 #CleanAirEfforts #ImprovingDelhiAir #2023Stats #PollutionControl #PositiveOutlook

🚨 Breaking News: Festival season airfares are soaring! 🛫💸 According to ixigo, one-way ticket prices have surged by 10-25% on popular routes for Diwali and Onam. While some routes are seeing steep hikes, others are offering savings with price drops. Plan ahead to beat the surge! #TravelTrends #FestivalSeason #AirfareUpdate #DiwaliTravel #Onam2024

22nd January, the monumental day where India is celebrating another diwali. Ayodhya Ram Mandir stands second in the list of most expensive public monuments built in the history where more than 3500 crore was recieved in donations. While it’s a day of historical significance, it’s also going to get a boom in tourism and economic growth in the region. Here are some of the important facts for what’s about to come : 1. Infrastructure - To handle the growing toursim, a new airport has been built in a span of 20 months. Indian Railways too has decided to introduce “200 astha special trains” starting 22nd january. 2. Different brands like Uber has launched electric auto rickshaws in the city, ITC to install a “khushboo path” within the temple premises, Starbucks & Dominos are also considering to open outlets inn the city. 3. The spillover effect of Ayodhya would be visible in other states too as people realise the holy city as employment generation. 4. Nepal, Thailand, Afghanistan all sent abudanat love and offerings for the inauguration of Ram Mandir, showing the global relevance of the same. 5. Property prices have shot up in a 10-km radius of the Ram temple. This real estate boom will only get bigger with more budget hotels, five stars and guest houses investing in Ayodhya. Religious tourism is going to boost and the re-birth of Ram Mandir is going to bring immense number of opportunties, as well as economic growth in the region.