Air India crash probe focuses on engine fuel control switches: Report
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Economic Times
18 hours ago
- Economic Times
Spanish tourism growth to slow as uncertainties hit travel
Bloomberg Tourism in Spain, Europe's second largest holiday destination, will grow less than previously expected as economic and geopolitical uncertainties weigh on appetite for travel. The country's biggest industry will grow 3.3% in 2025, down from the 4% figure forecast in April, amid a deteriorating international macroeconomic context, according to Exceltur, the main tourism business group. Tourism will still grow more than the 2.4% expansion projected for the Spanish economy. 'The year will be good, but not as good as we expected,' Exceltur Vice President Oscar Perelli said at a press conference in Madrid on Thursday. Economic growth in Spain outpaced that of peers in the euro area like Germany and France in 2024, with the tourism industry being one of the driving factors. In 2025, tourism is expected to account for 13.2% of the Spanish economy, according to Exceltur. Spain was the top destination in the European Union in 2024 in terms of nights spent in tourist accommodation, according to Eurostat. About 94 million foreign tourists visited Spain last year, a 10% increase from 2023, according to CaixaBank SA's research boom in tourism has led to a backlash, with anti-tourism protests held in cities across Spain. Exceltur said that the resident population's growth in Spain's major tourism regions is the main factor behind the increase in pressure seen in those locations, such as traffic congestion and higher living costs. The availability of more short-term rental properties also helps explain the rise in foreign tourists visiting Spain, the group tourism has been the main driver for economic growth since the Covid-19 pandemic lockdowns, with record numbers of visitors, mainly to the country's beaches. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Why this one from 'Dirty Dozen', now in Vedanta fold, is again in a mess The deluge that's cooling oil prices despite the Iran conflict Can Indian IT protect its high valuation as AI takes centre stage? Engine fuel switches or something else? One month on, still no word on what crashed AI 171 As GenAI puts traditional BPO on life support, survival demands a makeover Stock Radar: ITC Hotels hits fresh record high in July – time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 24% return in 1 year, according to analysts Suited for the long term, even with headwinds: 8 stocks from healthcare & pharma sectors with upside potential of up to 39%
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Business Standard
a day ago
- Business Standard
Stranded British F-35B fighter jet in Kerala may finally fly back home
A British F-35B fighter jet stranded at an Indian airport for nearly a month, sparking memes and cartoons on social media, is expected to fly back home as early as next week, Indian officials said. The stealth fighter, one of the world's most advanced and costing around $115 million, is stranded at Thiruvananthapuram International Airport in the southern state of Kerala due to a technical snag and is being repaired by UK engineers, officials said. The officials spoke on condition of anonymity because they aren't authorised to speak to media. The jet was on a regular sortie in the Arabian Sea last month when it ran into bad weather and couldn't return to the Royal Navy's flagship aircraft carrier, the HMS Prince of Wales, officials said. The aircraft was then diverted to Thiruvananthapuram, where it landed safely on June 14. Officials said engineers hope to repair the plane in the next few days before it could fly back to UK sometime next week. The stranded military aircraft, manufactured by Lockheed Martin, has triggered AI-generated memes in India. In a social media post, the tourism department of Kerala showed the aircraft on the tarmac surrounded by coconut trees and posting a fictitious five-star review. 'Kerala is such an amazing place, I don't want to leave. Definitely recommend,' it said. The state's top official at the tourism department, K Biju, said the post was put out in 'good humour'. 'It was our way to appreciate and thank the Brits who are the biggest inbound visitors to Kerala for tourism,' said Biju. Another cartoon posted on X showed the plane enjoying snacks with a group of locals against a scenic background. The British High Commission confirmed to the The Associated Press that a UK engineering team has been deployed to 'assess and repair' the aircraft. There has been speculation in India that if the engineers fail to rectify the aircraft, it could be partially dismantled and transported in a cargo plane. The UK's Ministry of Defence dismissed the speculation in an emailed statement.
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Business Standard
a day ago
- Business Standard
For Cleartrip, it's more chat, less bots as customer care workforce expands
Cleartrip veers towards higher people engagement in periods following AI crash, West Asia crisis premium New Delhi Listen to This Article Following the Air India crash and flight disruptions that ensued following the West Asia crisis, online travel aggregator Cleartrip has raised the number of customer care executives to more than 4,000 inbound queries on a daily basis. 'Call and chat volumes doubled almost overnight. Social platforms were flooded with over 5,000 DMs (direct messages) a day, turning social into our new frontline. Most customers were anxious about cancellations and refunds, with over 4,000 related queries pouring in every day,' Priyaah Sundaraam, vice-president — head, customer experience and fulfilment, told Business Standard. The Flipkart-owned travel tech firm doubled down on addressing
