• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

India: Jet Airways’ demise leads to spike in airfares, massive hotel cancellations

April 19, 2019 by Forimmediaterelease

The abrupt shutdown of Jet Airways operations has left Indian tourism industry a worried lot as it has led to an average 25 percent spike in airfares across the sectors leading to massive hotel cancellations, says industry experts.

Some key sectors like Mumbai-Hyderabad, Mumbai-Delhi and Delhi-Mumbai have seen the fares flying by 62 percent, 52 percent and 49 percent, while the Bengaluru-Delhi sector has had the lowest impact with a 10 percent surge shortly before and soon after the grounding of Jet.

Financially struggling for months, Jet Airways decided to call it quits from Wednesday night, leaving 22,000 jobs at stake and inconveniencing lakhs of passengers both domestic as well as international as Jet was the single largest airline out of and into the country.

“The impact of grounding of Jet Airways is not only restricted to the airlines sector as tourism has taken a severe beating due to the massive surge in airfares during the peak demand season. The impact is unlikely to fade away anytime soon and may continue into the rest of the year,” Travel Agents Association of India (TAAI) president Sunil Kumar said Friday.

He said, both the domestic as well as international travel and related sectors are affected as travelers are cancelling their hotel bookings as airfares have surged by over 25 percent on average.

Leading tour operator Cox & Kings’ Karan Anand said the shuttering of Jet has upset the travel plans of many who have booked on Jet.

“This is the peak travel season and the airfares for the next 10-12 days are up by at least 25 percent as the capacity has fallen massively dissuading last minute travelers,” he added.

However, online travel aggregator Easemyyrip.com co- founder Nishant Pitti tried to downplay the impact saying airfares normally fluctuate as the aviation industry is always unpredictable.

“It is true that passengers are in panic now but going forward there will not be much impact as other airlines like Spicejet and Indigo are adding more planes into their fleet which will help balance demand-supply gap,” he said.

Train booking and discovery platform Confirmtkt cofounder Sripad Vaidya said due to the flight charges going up, there is a huge surge in people opting for trains and buses.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, association, average, aviation, aviation industry, Aviation News, aviation-website, balance, beating, booked, Booking, bookings, Breaking Travel News, buses, cancellations, cancelling, capacity, charges, cofounder, continue, country, Cox, Days, decided, Delhi, demand, Discovery, domestic, due, experts, fares, Feature, fleet, flight, Flying, Forward, founder, free, GAP, grounding, help, Hospitality News, hotel, hotel bookings, hotel cancellations, Hyderabad, impact, in, India, India Travel News, Indian, Indian tourism, IndiGo, Industry, industry experts, International, international travel, International Travel News, IT, jet, Jet Airways, Jobs, key, Kings, largest, last, leading, leads, leaving, LED, like, LOT, massive, May, months, Mumbai, News articles, night, online, online travel, only, operations, operator, opting, out, over, panic, passengers, peak, People, percent, planes, plans, platform, president, related, said, saying, says, season, sector, sectors, severe, shutdown, single, soon, SpiceJet, spike, stake, supply, surge, TAAI, to, tour, tour operator, tourism, Tourism Industry, train, trains, Transportation News, Travel, travel agents, Travel Destination News, travel plans, travel season, travelers, Travelwire News, tried, unlikely, up, upset, WHO, World News, worried, year

Search




Recent Articles

  • Speed Networking Events Generate Over $650 Million in Revenue for Small Businesses Supplying Tourism Sector, says Bartlett
  • Enjoying the Suite Life at Sandals Resorts
  • Farmers Reap $108 Million in Revenue in first Two Months of 2023 through Revolutionary ALEX Platform
  • SAUDIA Signs an Agreement with Boeing to Order 49 Boeing 787 Dreamliners
  • Recovery Continues: Fraport’s 2022 Fiscal Year Marked by Strong Demand
  • Fraport Traffic Figures – February 2023: Passenger Growth Remains Strong
  • Seychelles Dazzles Partners at ITB Berlin With Promise of Endless Summer
  • SAEI Finds Perfect Partner to Expand MRO Reach to Helicopters
  • Jamaica Welcomes New Nonstop Southwest Service from Kansas City
  • Seychelles Strengthens Position as Ideal Wedding Destination at 11th Exotic Wedding Planning Conference 2023

Subscribe to daily email update

RSS eTN Articles

  • Powerful 6.9M Earthquake Rocks Ecuador and Peru
  • Shortage of US-made parts grounds Russian passenger planes
  • FESTAC Africa 2023: Tanzania Hosts Africa’s Biggest Festival
  • Speed Networking Events Make Over $650M for Small Business
  • Enjoying the Suite Life at Sandals Resorts
  • Skal Cusco Assists Local Youth
  • Jamaica Farmers Reap $108 Million From Buyers in Tourism
  • Grande Easter Celebration at Grande Lakes Orlando
  • Margaritaville Beach Resort Ambergris Caye, Belize opens its doors
  • Pasqua Perfetta Easter Experiences at Hilton Molino Stucky Venice

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • November 2016
  • October 2016
  • August 2016

Content

and Breaking Travel News Business CEO experience first free hotel Hotels in including Industry International International Travel News IT minister most New News articles only over People s said sandals The World through time to TO BE tourism Tours Transportation News Travel Travel & Tourism Organizations News Travel Destination News Travelwire News up We were WHO World World News year years

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in