India Tops Travelport Digital Traveler Rankings

 Travelport , U.K.-based travel commerce platform providing distribution, and technology, for the travel industry, just conducted a global survey which highlights different digital travel habits.

India tops as the most digitally-advanced traveler nation in terms of digital tools being used for travel purposes, Travelport’s survey said. China stood at the second place and Indonesia at the third position. This seems to be driven primarily by the use of smart phones by travelers from the top ranked countries, and in our opinion might reflect the reality that these countries leapfrogged to mobile-first and don’t use desktop computers and landlines very much.

The Digital Traveler Rankings 2017

Rank

Country

1

India

2

China

3

Indonesia

4

Brazil

5

Saudi Arabia

6

Mexico

7

South Africa

8

United Arab Emirates

9

Colombia

10

Italy

11

United States

12

Spain

13

France

14

Russia

15

Canada

16

Australia

17

United Kingdom

18

Japan

19

Germany

The findings are based on an online survey with inputs of 11,000 travelers from 19 countries, highlighting the use of digital tools when planning, booking and experiencing a journey. 1,000 people from India — who took at least one round trip flight last year — participated in the survey.

The survey said that in India smartphones are the preferred digital device with 82 percent of Indian travelers feeling that mobile boarding passes and e-tickets make travel easier.

Press Trust of India reports that per the survey, around 66 percent respondents avoid hotels that charge for Wi-Fi while 83 percent people feel it is important to stay virtually connected to family and friends whenever travelling.

Smartphone looking at airbnb site
“The findings highlight the need for the $7.6 trillion global travel and hospitality industry to adapt continually to provide responsive, relevant and timely service for customers,” Rabih Saab, president and managing director (Europe, Middle East, Africa and South Asia) of Travelport, said.

November 11, 2017   No Comments

India’s High-Yield Bonds Fuel Overseas Investor Interest

With investor limits for India’s high return sovereign debt almost used up, overseas investors are looking to buy state notes. U.K. headquartered Aberdeen Standard Investments started buying the securities about three months ago and the investment now accounts for about one-fifth of its $312 million Indian bond fund.

Bloomberg Quint says: The highest yields among major Asian emerging markets have made Indian government debt a favorite with overseas investors, who have pumped about $20 billion into rupee securities this year. State bonds, which offer an extra 60-70 basis points of yield over the sovereigns, trade at very similar levels despite differences between the local economies. That’s because the Reserve Bank of India has a zero percent risk rating on the notes, meaning domestic investors treat the unrated securities like federal debt.

A case of dollar bills

Aberdeen’s Lin Jing Leong, a fixed-income investment manager in Singapore said, “We were one of the early asset managers to get into Indian state bonds. We’re definitely seeing others try and get on board.”

October 24, 2017   No Comments

Global Chocolate Makers Ramp up Investments in India

A study by London based market research firm Mintel says that India’s $1.6 billion  chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period.

Aligning with growth prospects in India, Hershey‘s local subsidiary chairman and managing director Praveen Jakate said the company aimed to ramp up investments in brand-building and manufacturing in the country.

chocoloate

“India is a priority market for Mars Incorporated and we are committed to invest and bring our best-loved brands here,” Andrew Leakey, general manager, India and Indian subcontinent, Mars Chocolate Ltd., said.

With a 15-16 percent market share, Nestlé India focuses on the health and wellness aspect of its confections by reducing sugar content and increasing the milk quotient of its candies.

Leader Mondelez, which commands 65 percent of this market, invested  close to $300 million with seven plants in India to date, reports Business Standard.

October 12, 2017   No Comments

Rolls-Royce Launches Convertible in India

British luxury car-maker Rolls-Royce, that has a strong presence in the Indian market for over a century, announced the launch of Dawn, a four-seat convertible. “India is one of the focus markets for Rolls-Royce globally,” says Michael Schneider, regional general manager, sales, Asia Pacific.

“In creating Dawn, we have accepted no compromise to the comfort and luxury of four adults who want to travel together,” says Giles Taylor, design director, Rolls-Royce. With the average age of customers  now in the mid-40s, the car’s interiors are not as formal as the company’s earlier models were.

Rolls Royce insignia

Priced at a base rate of  just under $1 million the car is one of the quietest convertible vehicles in the world today with an average waiting period of six months, reports Forbes.

October 11, 2017   No Comments

McLaren Partners with India’s Wipro

Surrey, U.K.-based McLaren Technology Group signed a multi-year contract with IT major  Bangalore-based Wipro Limited to help drive digitization across its businesses. Wipro will assist the sports car maker with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.

McLaren Technology Group Logo

Craig Charlton, CIO, McLaren Technology Group said, “We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in artificial intelligence.”

The Financial Express reports that N. S. Bala, president (Manufacturing & Technology), Wipro, added, “Digitization is a great opportunity for renowned brands like McLaren to re-imagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organization-wide disruptive innovation.”

September 17, 2017   No Comments