Indian Railway Catering and Tourism Corporation

India - Travel Services Market size to grow by USD 13.46 billion from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Airbnb Inc., ANI Technologies Pvt. Ltd., Booking Holdings Inc., and many more

Retrieved on: 
Wednesday, October 4, 2023

The travel services market in India is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The travel services market in India is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer travel services market in India are Airbnb Inc., ANI Technologies Pvt.
  • India - Travel Services Market 2023 – 2027:  Market Dynamics:
    Impactful driver- One of the primary drivers of the growth of the Indian travel services market is the rising number of international tourists.
  • Travel Market: The travel market size is estimated to grow at a CAGR of 14.18% between 2022 and 2027.

JCB launches the IRCTC BoB RuPay JCB Credit Card

Retrieved on: 
Thursday, March 3, 2022

TOKYO & MUMBAI, Mar 3, 2022 - (JCN Newswire) - JCB International Co., Ltd. along with National Payments Corporation of India (NPCI) in association with BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) have joined hands to launch the IRCTC BoB RuPay JCB Credit Card.

Key Points: 
  • TOKYO & MUMBAI, Mar 3, 2022 - (JCN Newswire) - JCB International Co., Ltd. along with National Payments Corporation of India (NPCI) in association with BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) have joined hands to launch the IRCTC BoB RuPay JCB Credit Card.
  • This card will also be usable across merchants and ATMs globally through the JCB network.
  • JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.
  • JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981.

India e-Commerce Market Outlook to 2024: Overview, Trends, Initiatives, Companies

Retrieved on: 
Tuesday, May 26, 2020

Increased adoption of smartphones and access to the Internet, along with streamlined logistics infrastructure are the key factors driving the growth of the e-commerce market in India.

Key Points: 
  • Increased adoption of smartphones and access to the Internet, along with streamlined logistics infrastructure are the key factors driving the growth of the e-commerce market in India.
  • Moreover, government initiatives to promote tourism such as Athiti Devo Bhava and Incredible India have attracted international travelers in India, which has had a positive impact on market growth.
  • Companies including MakeMyTrip, Goibibo, IRCTC, Clear trip and Yatra.com are leading the players in the online travel market in India.
  • By 2024, the online retail market is expected to dominate the e-commerce market in India and reach a value of INR 4,289.64 billion, expanding at a CAGR of ~20.22%.