marketplace india tourism australia

Australia Marketplace India 2023 will be held in India from Sunday 23 July to Wednesday 26 July at Leela Bhartiya City, Bengaluru, India. 

The event is an opportunity for representatives from the Australian tourism industry to establish and maintain business relationships with key qualified travel agencies and tour operators from India. It includes two and a half days of pre-scheduled appointments between buyers and sellers as well as networking opportunities.

High demand is anticipated for the event, seller oversubscription will be managed in line with the selection criteria and in conjunction with state/territory tourism organisations to ensure quality appointment schedules.

For more information on the South and South East Asia market, please visit our corporate website .

marketplace india tourism australia

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  • Close to 100 travel agents attend 18th Australia Marketplace India in Bengaluru

The Indian travel buyers were represented by 94 companies from across 8 Indian cities – Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata. a. At the three-day event, 86 Australian tourism businesses displayed their products and services, demonstrating the country's rising appeal as a holiday destination for Indian tourists.

marketplace india tourism australia

  • Online Bureau ,
  • ETTravelWorld
  • Updated On Jul 27, 2023 at 02:03 PM IST

marketplace india tourism australia

Indian outbound tourism industry to reach USD 44,799 million by 2032, says report

FICCI and Nangia Andersen released a knowledge paper, ‘Unlock the Potential: A Look into Outbound Tourism’ during the second Outbound Tourism Summit in Delhi which highlighted that India's outbound tourism has been experiencing a rapid growth in the recent years. Indian travellers are spending considerably more on their outbound trips.

  • By Online Bureau ,
  • Published On Jul 27, 2023 at 02:02 PM IST

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marketplace india tourism australia

Australia Marketplace India witnesses record participation

AMI 23 Delegates

Tourism Australia held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from 23 to 25 July. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies and tour operators from India. At the three-day event, 86 Australian tourism businesses displayed their products and services to a record 94 Indian travel agents, demonstrating the country’s rising appeal as a holiday destination for Indian tourists.

AMI has been a pivotal platform in connecting India’s top travel agents with Australian tourism industry stakeholders and delegates to promote Australian holidays with the country’s latest and diverse offerings and experiences. This year’s participating Australian tourism representatives and distributors included a diverse set of businesses, including lodging and tour operators, attractions, experiences, cultural institutions, along with state and local tourism organizations. Compared to AMI 2019, this year’s event saw a 20 per cent increase in seller delegates, who support Tourism Australia’s commitment to growing tourism demand from India to enable a competitive and sustainable tourism industry by exploring destinations through new experiences and products. The Indian travel buyers have been represented by 94 companies from across 8 Indian cities – Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata.

Commenting on the event, Andrew Hogg, Executive General Manager – Eastern Markets and Aviation, Tourism Australia, said, “India has been Australia’s fastest growing source market and continues to be one of Australia’s most valuable and promising tourism markets now and into the future. Australia Marketplace India is our prime platform, bringing together some of Australia’s leading industry experts and tourism delegates to showcase Australia’s world-class appeal to India’s trade stakeholders; to drive future growth in visitation and tourist spend from India. We continue to receive outstanding support from our Indian travel partners, who are some of our biggest advocates in making Australia a preferred holiday destination for India’s High Yield Travellers.”

Nishant Kashikar, Country Manager – India and Gulf, Tourism Australia, shared, “India has improved its ranks among Australia’s source markets, and reached a milestone of emerging as the first market to recover to pre-Covid levels, with several marketing, public relations, distribution, and partnership initiatives aimed at enhancing Australia’s attractiveness and consideration. Our Key Distribution Partners, Aussie Specialists and Business Event agents have been vital in inviting Indians to Australia. We seek to maintain our current trajectory and unlock India’s potential growth towards the next decade of travel.”

The demand for travel to Australia has been stimulated by Tourism Australia’s direct-to-consumer communication with the launch of the global Come and Say G’day campaign aimed at building consideration amongst High Yield Travellers (HYTs) through integrated media campaigns and robust Public Relations and Advocacy program as well as through partnerships with Key Distribution Partners (KDPs) and airline partners to drive conversions through tactical co-op campaigns. Demand has also been encouraged by the tripling of direct aviation capacity between India and Australia and the ease of obtaining a visa – which is a completely digitized process, that does not require in-person attendance for lodgements, biometrics, or an interview.

Tourism Australia’s distribution strategy in India includes dedicated trade engagement initiatives and a range of online resources such as the Aussie Specialist Program (ASP), Trade Resource Hub and Australia 365 On Demand. As on date, Tourism Australia has over 4,650 Qualified Aussie Specialists across India, who promote and sell Australian holidays. The ASP agents receive special access to a resourceful online toolkit to sell Australian holidays and a chance to participate in innovative training programs and remain updated on the destination through informative newsletters. Tourism Australia has also introduced a second tier to its Aussie Specialist program in India with the introduction of the Premier Aussie Specialist Program. Up to 40 agents in India have been awarded the Premium Aussie Specialist title and are known to sell bespoke experiences across Australia. In addition, there are opportunities for select frontline staff and product teams to gain a first-hand experience of Australia through global trade events like the Australian Tourism Exchange and G’day Australia.

India ranked as Australia’s fourth-largest inbound tourism market for arrivals for the year ended May 2023. According to Australian Bureau of Statistics (ABS), visitor arrivals data for the year ended (YE) May 2023 confirms Australia welcomed around 375,500 visitors from India, surpassing the pre-COVID levels. Spending by Indian visitors for YE March 2023 was A$ 1.97 Bn (+16 per cent over YE March 2019), exceeding pre-COVID levels.

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Tourism Australia’s B2B event in India sees record participation

marketplace india tourism australia

Tourism Australia’s Australia Marketplace India (AMI), held from July 23 to 25 in Bengaluru, marked an attendance breakthrough, with participation from 94 Indian travel agents.

The B2B event brought 86 Australian tourism businesses over to India, where they displayed their products and services to the Indian agents. Australian representatives included lodging and tour operators, attractions, experiences, cultural institutions, along with state and local tourism organisations.

Compared to AMI 2019, this year’s event saw a 20 per cent increase in sellers. Indian travel buyers represented 94 companies from across eight Indian cities – Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata.

Andrew Hogg, executive general manager – eastern markets and aviation, Tourism Australia, said: “India has been Australia’s fastest growing source market and continues to be one of Australia’s most valuable and promising tourism markets now and into the future.

“Australia Marketplace India is our prime platform… we continue to receive outstanding support from our Indian travel partners, who are some of our biggest advocates in making Australia a preferred holiday destination for India’s High Yield Travellers.”

Tourism Australia’s distribution strategy in India includes dedicated trade engagement initiatives and a range of online resources such as the Aussie Specialist Program (ASP), Trade Resource Hub and Australia 365 On Demand.

To date, Tourism Australia has over 4,650 Qualified Aussie Specialists across India, who promote and sell Australian holidays. ASP agents receive special access to a resourceful online toolkit to sell Australian holidays and a chance to participate in innovative training programmes and remain updated on the destination through informative newsletters.

Tourism Australia has also introduced a second tier to its ASP in India, with the addition of the Premier Aussie Specialist Program. Up to 40 agents in India have been awarded the Premium Aussie Specialist title and are known to sell bespoke experiences across Australia.

In addition, there are opportunities for select frontline staff and product teams to gain a first-hand experience of Australia through global trade events like the Australian Tourism Exchange and G’day Australia.

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Australia Marketplace India witnesses record participation

marketplace india tourism australia

Highest attendance at the trade event reiterates demand for Australia amongst Indian travelers.

BENGALURU – Tourism Australia has held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from 23 to 25 July. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies and tour operators from India. At the three-day event, 86 Australian tourism businesses displayed their products and services to a record 94 Indian travel agents, demonstrating the country’s rising appeal as a holiday destination for Indian tourists.

AMI has been a pivotal platform in connecting India’s top travel agents with Australian tourism industry stakeholders and delegates to promote Australian holidays with the country’s latest and diverse offerings and experiences. This year’s participating Australian tourism representatives and distributors included a diverse set of businesses, including lodging and tour operators, attractions, experiences, cultural institutions, along with state and local tourism organizations. Compared to AMI 2019, this year’s event saw a 20% increase in seller delegates, who support Tourism Australia’s commitment to growing tourism demand from India to enable a competitive and sustainable tourism industry by exploring destinations through new experiences and products. The Indian travel buyers have been represented by 94 companies from across 8 Indian cities – Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata.

Commenting on the event, Mr. Andrew Hogg , Executive General Manager – Eastern Markets and Aviation, Tourism Australia, said, “India has been Australia’s fastest growing source market and continues to be one of Australia’s most valuable and promising tourism markets now and into the future. Australia Marketplace India is our prime platform, bringing together some of Australia’s leading industry experts and tourism delegates to showcase Australia’s world-class appeal to India’s trade stakeholders; to drive future growth in visitation and tourist spend from India. We continue to receive outstanding support from our Indian travel partners, who are some of our biggest advocates in making Australia a preferred holiday destination for India’s High Yield Travellers.”

Mr. Nishant Kashikar , Country Manager – India & Gulf, Tourism Australia, shared, “ India has improved its ranks among Australia’s source markets, and reached a milestone of emerging as the first market to recover to pre-Covid levels, with several marketing, public relations, distribution, and partnership initiatives aimed at enhancing Australia’s attractiveness and consideration. Our Key Distribution Partners, Aussie Specialists and Business Event agents have been vital in inviting Indians to Australia. We seek to maintain our current trajectory and unlock India’s potential growth towards the next decade of travel.”

The demand for travel to Australia has been stimulated by Tourism Australia’s direct to consumer communication with the launch of the global Come and Say G’day campaign aimed at building consideration amongst High Yield Travellers (HYTs) through integrated media campaigns and a robust Public Relations and Advocacy program as well as through partnerships with Key Distribution Partners (KDPs) and airline partners to drive conversions through tactical co-op campaigns. Demand has also been encouraged by the tripling of direct aviation capacity between India and Australia and the ease of obtaining a visa – which is a completely digitized process, that does not require in-person attendance for lodgements, biometrics, or an interview.

Tourism Australia’s distribution strategy in India includes dedicated trade engagement initiatives and a range of online resources such as the Aussie Specialist Program (ASP), Trade Resource Hub and Australia 365 On Demand. As on date, Tourism Australia has over 4,650 Qualified Aussie Specialists across India, who promote and sell Australian holidays. The ASP agents receive special access to a resourceful online toolkit to sell Australian holidays and a chance to participate in innovative training programs and remain updated on the destination through informative newsletters. Tourism Australia has also introduced a second tier to its Aussie Specialist program in India with the introduction of the Premier Aussie Specialist Program. Up to 40 agents in India have been awarded the Premium Aussie Specialist title and are known to sell bespoke experiences across Australia. In addition, there are opportunities for select frontline staff and product teams to gain a first-hand experience of Australia through global trade events like the Australian Tourism Exchange and G’day Australia.

India ranked as Australia’s fourth-largest inbound tourism market for arrivals for the year ended May 2023. According to Australian Bureau of Statistics (ABS), visitor arrivals data for the year ended (YE) May 2023 confirms Australia welcomed around 375,500 visitors from India, surpassing the pre-Covid levels. Spending by Indian visitors for YE March 2023 was A$ 1.97 Bn (+16% over YE March 2019), exceeding pre-Covid levels.

Tatiana Rokou

Tatiana Rokou

Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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marketplace india tourism australia

  • Australia Marketplace India

23 - 26 July 2023

Event Details

Date range: 23 – 26 July 2023

Location: India

Australia Marketplace India will provide an opportunity for the Australian tourism industry to build relationships with product planners and travel decision makers in India.

Location and more information coming soon!

Accessibility

Accessibility modes, online dictionary, readable experience, visually pleasing experience, easy orientation.

Tropical North Queensland Accessibility Statement

Accessibility Statement

  • tourism.tropicalnorthqueensland.org.au
  • April 28, 2024

Compliance status

We firmly believe that the internet should be available and accessible to anyone, and are committed to providing a website that is accessible to the widest possible audience, regardless of circumstance and ability.

To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level. These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessible to all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more.

This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs.

Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML, adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments.

If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following email

Screen-reader and keyboard navigation

Our website implements the ARIA attributes (Accessible Rich Internet Applications) technique, alongside various different behavioral changes, to ensure blind users visiting with screen-readers are able to read, comprehend, and enjoy the website’s functions. As soon as a user with a screen-reader enters your site, they immediately receive a prompt to enter the Screen-Reader Profile so they can browse and operate your site effectively. Here’s how our website covers some of the most important screen-reader requirements, alongside console screenshots of code examples:

Screen-reader optimization: we run a background process that learns the website’s components from top to bottom, to ensure ongoing compliance even when updating the website. In this process, we provide screen-readers with meaningful data using the ARIA set of attributes. For example, we provide accurate form labels; descriptions for actionable icons (social media icons, search icons, cart icons, etc.); validation guidance for form inputs; element roles such as buttons, menus, modal dialogues (popups), and others. Additionally, the background process scans all the website’s images and provides an accurate and meaningful image-object-recognition-based description as an ALT (alternate text) tag for images that are not described. It will also extract texts that are embedded within the image, using an OCR (optical character recognition) technology. To turn on screen-reader adjustments at any time, users need only to press the Alt+1 keyboard combination. Screen-reader users also get automatic announcements to turn the Screen-reader mode on as soon as they enter the website.

These adjustments are compatible with all popular screen readers, including JAWS and NVDA.

Keyboard navigation optimization: The background process also adjusts the website’s HTML, and adds various behaviors using JavaScript code to make the website operable by the keyboard. This includes the ability to navigate the website using the Tab and Shift+Tab keys, operate dropdowns with the arrow keys, close them with Esc, trigger buttons and links using the Enter key, navigate between radio and checkbox elements using the arrow keys, and fill them in with the Spacebar or Enter key.Additionally, keyboard users will find quick-navigation and content-skip menus, available at any time by clicking Alt+1, or as the first elements of the site while navigating with the keyboard. The background process also handles triggered popups by moving the keyboard focus towards them as soon as they appear, and not allow the focus drift outside it.

Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.

Disability profiles supported in our website

  • Epilepsy Safe Mode: this profile enables people with epilepsy to use the website safely by eliminating the risk of seizures that result from flashing or blinking animations and risky color combinations.
  • Visually Impaired Mode: this mode adjusts the website for the convenience of users with visual impairments such as Degrading Eyesight, Tunnel Vision, Cataract, Glaucoma, and others.
  • Cognitive Disability Mode: this mode provides different assistive options to help users with cognitive impairments such as Dyslexia, Autism, CVA, and others, to focus on the essential elements of the website more easily.
  • ADHD Friendly Mode: this mode helps users with ADHD and Neurodevelopmental disorders to read, browse, and focus on the main website elements more easily while significantly reducing distractions.
  • Blindness Mode: this mode configures the website to be compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software for blind users that is installed on a computer and smartphone, and websites must be compatible with it.
  • Keyboard Navigation Profile (Motor-Impaired): this profile enables motor-impaired persons to operate the website using the keyboard Tab, Shift+Tab, and the Enter keys. Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.

Additional UI, design, and readability adjustments

  • Font adjustments – users, can increase and decrease its size, change its family (type), adjust the spacing, alignment, line height, and more.
  • Color adjustments – users can select various color contrast profiles such as light, dark, inverted, and monochrome. Additionally, users can swap color schemes of titles, texts, and backgrounds, with over seven different coloring options.
  • Animations – person with epilepsy can stop all running animations with the click of a button. Animations controlled by the interface include videos, GIFs, and CSS flashing transitions.
  • Content highlighting – users can choose to emphasize important elements such as links and titles. They can also choose to highlight focused or hovered elements only.
  • Audio muting – users with hearing devices may experience headaches or other issues due to automatic audio playing. This option lets users mute the entire website instantly.
  • Cognitive disorders – we utilize a search engine that is linked to Wikipedia and Wiktionary, allowing people with cognitive disorders to decipher meanings of phrases, initials, slang, and others.
  • Additional functions – we provide users the option to change cursor color and size, use a printing mode, enable a virtual keyboard, and many other functions.

Browser and assistive technology compatibility

We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Therefore, we have worked very hard to be able to support all major systems that comprise over 95% of the user market share including Google Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS and NVDA (screen readers).

Notes, comments, and feedback

Despite our very best efforts to allow anybody to adjust the website to their needs. There may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to

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Australia Marketplace 2020 North America and India

Link Copied!

29 April 2020

Both Australia Marketplace North America 2020 and Australia Marketplace India 2020 have been cancelled due to the current coronavirus pandemic.

However, Tourism Australia is investigating alternative virtual options and details will be communicated when confirmed.

Australia Marketplace North America 2020 was scheduled to take place from 3 to 6 August 2020 and Australia Marketplace India 2020 was scheduled to take place from 10 to 14 September 2020. 

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Good conditions fuel strong Indian outbound to Australia

marketplace india tourism australia

Tourism Australia is recording strong demand from the Indian market on the back of enhanced air capacity, a friendly visa regime, and growing interest from diverse segments like business events and young travellers.

Indian arrivals to Australia have reached 385,000 for the period between October 2022 and September 2023, and the market is now the fifth largest inbound market for Tourism Australia.

Nishant Kashikar, country manager, India & Gulf, Tourism Australia, told  TTG Asia  that India “has been the first market to bounce back to pre-Covid levels”. The market used to rank number seven.

Indian travellers are also spending more in Australia – up 24 per cent, reaching a substantial A$2.2 billion (US$1.5 billion) for the period from July 2022 to June 2023.

Improved flight connections play a pivotal role in fostering tourism growth, opined Kashikar. Capacity on the India-Australia route has increased from eight flights a week pre-Covid to 28 flights per week today. Most recently in December 2023, Air India commenced thrice weekly direct flights connecting Mumbai and Melbourne.

Said Kashikar: “We are seeing a lot of young Indians travelling to Australia. We are going to leverage the digital ecosystem to reach out to young Indian travellers and inspire them through our  Come & Say G’day  campaign that we launched a year ago. We are also noticing a growing demand for self-drive holidays from India.”

Tourism Australia also recorded overwhelming interest from the Indian corporate events segment last year – “a remarkable five-fold increase in MICE leads compared to 2019 levels”, shared Kashikar.

“This is primarily because of the faster turnaround time, and streamlined service offered for corporates by the Department of Home Affairs to process their visas. So, we have seen Australia’s attractiveness rise in terms of MICE in 2023. The Indian economy has done well and segments like banking, financial services, insurance, infrastructure and healthcare have helped in the growth of MICE demand for Australia,” he explained.

Guldeep Singh Sahni, managing director, Weldon Tours & Travels, commented that an easy visa application system is a strong motivation for travellers to pick a destination.

“Even though the average turnaround time for visa processing is four to five days, we have seen some applications being processed within 24 hours. As a result, many Indian travel agents are suggesting travel to Australia,” said Sahni.

In the new year, Tourism Australia will do more to promote destinations beyond well-known ones – the draws of Adelaide, Kangaroo Island, Canberra, Perth, Northern Territory, Daintree region in tropical North Queensland, and the Great Barrier Reef will be highlighted to the Indian market.

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Turtle Down Under at Australia Marketplace India

Turtle Down Under was invited to Tourism Australia’s 18th edition of its flagship trade initiative, Australia Marketplace India (AMI) , held in Bangalore from 23rd to 25th July 2023. Turtle Down Under participated as one of the representatives of the Australian tourism industry to develop and establish business relationships with fellow key travel agencies and tour operators in India.

Turtle Down Under was one of the 86 Australian tourism businesses that participated in a three-day event showcasing their services to 94 Indian travel agents. The event highlighted the increasing popularity of Australia as a holiday destination for Indian tourists. Turtle Down Under’s presence at the event was a testament to their commitment to providing exceptional travel experiences to their clients.

Nishant Kashikar, Country Manager – India & Gulf, Tourism Australia, stated , “India has improved its ranks among Australia’s source markets and reached a milestone of emerging as the first market to recover to pre-Covid levels, with several marketing, public relations, distribution, and partnership initiatives aimed at enhancing Australia’s attractiveness and consideration.”

The demand for travel between the two countries has also been encouraged due to the direct aviation capacity tripling in size and the increased ease of obtaining a visa with an entirely digitised process. With these changes, India has ranked Australia’s fourth-largest inbound tourism market for arrivals for 2022-23. Consequently, the AMI event also saw a 20 percent increase in seller delegates, working towards growing the tourism demand from India in Australia.

What is AMI ?

Australia Marketplace India is a remarkable platform that facilitates connections between India’s top travel agents and Australian tourism industry stakeholders and delegates. The platform’s primary objective is to promote the latest and diverse offerings and experiences in Australian tourism. Additionally, they organise events that bring buyers and sellers together, providing networking opportunities. It’s a commendable initiative that contributes significantly to the growth of tourism in Australia.

  • Australia Marketplace India (AMI) 2023
  • Turtle Down Under At The AMI Event
  • India Ranked As Australia’s 4th Largest Inbound Tourism Market

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India's IndiGo orders 30 Airbus A350s in bet on long-haul routes

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Saudi Arabia's NEOM secures $2.7 billion new financing facility

NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by Reuters on Sunday.

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This destination in Northeast India has witnessed record-breaking tourist arrivals in 2024 so far

With a promising start in 2024, the sikkim tourism department is projecting a potential milestone of 1.2 million tourist arrivals by the year-end if the current growth rate persists..

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Elevate your journey to an unforgettable flying experience with Air India. Get discount on Business and Economy Class tickets for flights operating from Melbourne / Sydney to India.  Economy class flight prices start from AUD 499.

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More From Forbes

China market update: mainland sees massive buying, hong kong growth flies, week in review.

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Week in Review

  • This week brought both the Hang Seng and the Shanghai Composite into positive territory, year-to-date (YTD) while nearly all Asian equity indexes were higher this week except for Indonesia and Australia.
  • The CSI Overseas China Internet Index has outpaced the Nasdaq Composite by nearly 20% since February.
  • UBS upgraded China stocks to overweight this week while Goldman Sachs GS said Mainland stocks warranted a “re-rating” in a research note after
  • The Loan Prime Rate (LPR), which helps set mortgage rates, was left unchanged on Monday, as expected.

Asian equities were mixed overnight, as Hong Kong, Mainland China, Taiwan, and South Korea outperformed, gaining more than +1%. Meanwhile, Australia, Indonesia, and India posted losses.

There were multiple catalysts for today’s China rally including the Ministry of Commerce issuing “Implementation Rules for the Subsidies for Trade-in-Listed Vehicles,” which provides a RMB 10,000 subsidy for trading in an old car for an electric vehicle (EV). This sent BYD higher by +4.42% while Li Auto gained +5.78%, Xpeng gained +8.80%, and NIO gained +7.24%. The Beijing Auto Show is also helping the space, featuring multiple, great-looking new launches, including NIO’s ET7 sedan, Huawei-BAIC’s new S9, and BYD’s aZ9 GT GT and Ocean-M hatchback. NIO and Lotus are partnering on battery swap technology.

Real estate was the top-performing sector in Mainland China, where it gained +5.42% and Hong Kong, where it gained +7.09%, following the Bloomberg article highlighting UBS’ China and Hong Kong property head John Lam turning positive on the sector after his 2021 downgrade of the sector and especially after Evergrande’s default. On the Mainland, there was also talk of Chengdu, Nanjing, and WuXi land auctions going well, a sign of life for the sector. I still prefer the bonds over the stocks as a real estate recovery play, but no one cares despite the very high yields.

Financials underperformed overall, but brokers soared on the Ministry of Finance’s talk of potentially strengthening the sector through mergers.

President Xi's meeting with US Secretary of State Blinken is a positive, as well.

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The Hang Seng Index closed above its 200-day moving average for the first time since August 2023 on very high volume, which is 161% of the 1-year average, and very strong advancers versus decliners. Hong Kong’s most heavily traded stocks were Tencent, which gained +2.65%, Meituan, which gained +3.68%, Alibaba, which gained +3.15%, AIA, which gained +4.75%, and Sense Time, which gained +43.37% after yesterday’s news of its new Sense Nova 5 large language model. Growth stocks had a very strong session, indicating foreign investors' interest is picking up as Southbound Stock Connect was not a factor today, with only $149 million worth of net buying.

Mainland China had a strong day as well on volume that was 127% of the 1-year average and good breadth. The Shanghai Composite is now through its 200-day moving average and has reached its highest level since October 2023. This includes massive buying via Northbound Stock Connect today, which indicates strong support from the National Team. Today was the 5 th largest net buy via Northbound Stock Connect since the program was launched . Small caps had a strong day, indicating local investors are warming to the rebound, as the STAR Board gained +2.58% versus the Shanghai, which gained +1.17%. This week brought both the Hang Seng and the Shanghai Composite into positive territory, year-to-date. Read below on why we remain constructive on the trade.

We articulated that investors went underweight or neutral on China in the following order: US investors (due to Trump’s trade war, tech competition, Zero Covid, internet regulation), followed by European investors (due to their overweight to Russia stocks and fear over a similar situation in East Asia), followed by Asian investors, who hung in there, but were hurt when the post COVID reopening trade fizzled out, and, lastly, investors located in China, who were hit by January’s derivative-induced meltdown. We believe this underweight will unwind itself in the opposite order. Step 1 could be Chinese investors buying China, which is already happening. Exhibit A: The National Team, or institutional investors associated with sovereign wealth, has already begun buying in size through Hong Kong accounts via Northbound Stock Connect. Today was the fifth largest net purchasing of Mainland stocks via Northbound Stock Connect with $3.1 billion worth of net buying (out of 2,190 trading days). Northbound Stock Connect YTD net buying went up by 50% today to $9.926B The National Team’s favorite Mainland-listed ETF (ticker 510300 CH) had volume todaythat was twice yesterday’s (1.37 million shares versus yesterday’s 664,000). Geez, I wonder who bought Mainland stocks today? Chinese investors are also buying Hong Kong-listed stocks via Southbound Stock, with only $149 million worth of net buying today, though the YTD total is $26.5 billion versus $40 billion in 2023. This is against the backdrop of a massive global and US investor overweight to US stocks (really US large growth and US tech stocks) after outperforming every stock market globally for 15 years with some “diversification” to India and Japan. US Q1 GDP growth? Not good! US inflation? Still high! Poor GDP Growth + high inflation = Stagflation! Could higher for longer hurt US tech stocks? Maybe, though India is overvalued, and Japan’s yen is in intervention territory. I suspect Asian investors are starting to take some profits from US tech, India, and Japan and roll it into cheap Chinese stocks. It is still early days, though!

The Hang Seng and Hang Seng Tech indexes gained +2.12% and +4.61%, respectively, on volume that increased +31.13% from yesterday, which is 161% of the 1-year average. 428 stocks advanced while 68 stocks declined. Main Board short turnover increased +39.65% from yesterday, which is 150% of the 1-year average, as 17% of turnover was short turnover (remember Hong Kong short turnover includes ETF short volume, which is driven by market makers’ ETF hedging). All factors were positive as the growth factor and small caps outpaced the value factor and large caps. The top-performing sectors were Real Estate, which gained +7.08%, Technology, which gained +4.29%, and Consumer Discretionary, which gained +3.84%. Meanwhile, Utilities fell -0.28%. The top-performing subsectors were autos, technical hardware, and diversified financials. Meanwhile, Utilities and Banks were among the worst-performing. Southbound Stock Connect volumes were moderate/high as Mainland investors bought a net $149 million worth of Hong Kong-listed stocks and ETFs, including the Bank of China and Kuaishou, which were large net buys, while Meituan was another large net sell, HSBC HBA was a moderate net sell, and the Hong Kong Tracker ETF was a small net sell.

Shanghai, Shenzhen, and the STAR Board gained +1.17%, +1.78%, and +2.58%, respectively, on volume that increased +41% from yesterday, which is 127% of the 1-year average. 3,476 stocks advanced while 1,458 declined. All factors were positive as the growth factor and small caps outpaced the value factor and large caps. The top-performing sectors were Real Estate, which gained +5.42%, Technology, which gained +3.60%, and Consumer Discretionary, which gained +2.46%. Meanwhile, utilities and energy were off -0.39% and -0.43%, respectively. The top-performing subsectors were securities brokers, precious metals, and computer hardware. Meanwhile banking, highways, and coal were among the worst-performing. Northbound Stock Connect volumes were moderate as foreign investors bought a massive net $3.1 billion worth of Mainland stocks, including China Merchants Bank, BYD, and CATL, which were large net buys. Meanwhile, the Bank of Jiangsu, ICBC, and Zijin Mining were net sells.

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China Market Connect March 2024: Marching in Asia

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Last Night's Performance

Last night’s exchange rates, prices, & yields.

  • CNY per USD 7.25 versus 7.24 yesterday
  • CNY per EUR 7.76 versus 7.77 yesterday
  • Yield on 1-Day Government Bond 1.40% versus 1.36% yesterday
  • Yield on 10-Year Government Bond 2.31% versus 2.26% yesterday
  • Yield on 10-Year China Development Bank Bond 2.40% versus 2.35% yesterday
  • Copper Price +0.56% overnight
  • Steel Price +0.35% overnight

Brendan Ahern

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  1. Australia Marketplace events

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  2. Australia Marketplace India 2023: Unlocking the India-Australia Travel

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  3. Australia Marketplace India 2023: Unlocking the India-Australia Travel

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  4. Australia Marketplace India 2023: Unlocking the India-Australia Travel

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  5. Australia Marketplace India 2023: Unlocking the India-Australia Travel

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  6. Indian Tourism in Australia

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  1. Will India Outpace China As The World's Top Source Of Tourists?

  2. INDIA TO AUSTRALIA

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  4. Where to Go to in India: Flower Markets

COMMENTS

  1. Australia Marketplace India 2023

    Australia Marketplace India 2023 will be held in India from Sunday 23 July to Wednesday 26 July at Leela Bhartiya City, Bengaluru, India. The event is an opportunity for representatives from the Australian tourism industry to establish and maintain business relationships with key qualified travel agencies and tour operators from India.

  2. Australia Marketplace India 2023: Unlocking the India-Australia Travel

    In the bustling city of Bengaluru, a convergence of fervent energy filled the air as travel enthusiasts and industry veterans gathered for an extraordinary event - the Australia Marketplace. The three-day extravaganza saw a staggering participation of 86 Australian tourism businesses, showcasing their array of products and services to an unprecedented number of 94 Indian travel agents.

  3. Market Regions: South and South East Asia

    In the South and South East Asia region, Tourism Australia focuses its activities in Singapore, Malaysia, India and Indonesia. India. Indonesia. Malaysia. Singapore.

  4. Australia Marketplace India Witnesses Record Participation

    Highest attendance at the trade event reiterates demand for Australia amongst Indian travelers. Tourism Australia has held the 18 th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from 23 to 25 July. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and ...

  5. Australia Marketplace India 2023 Unlocking the India-Australia Travel

    Read this exciting story from Travel Trade Journal August 2023. Australia Marketplace India has been a pivotal nexus, forging connections between India's premier travel agents and Australia's thriving tourism industry. This event strategically highlights Australia's diverse offerings, captivating Indian tourists with enticing vacation possibilities.

  6. Close to 100 travel agents attend 18th Australia Marketplace India in

    Tourism Australia held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from July 23-25. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry in developing and establishing business relationships with key qualified travel agencies and tour operators from India.

  7. Australia Marketplace India witnesses record participation

    Tourism Australia held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from 23 to 25 July. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies and tour operators from India.

  8. Tourism Australia's B2B event in India sees record participation

    By TTG Asia. Tourism Australia's Australia Marketplace India (AMI), held from July 23 to 25 in Bengaluru, marked an attendance breakthrough, with participation from 94 Indian travel agents. The B2B event brought 86 Australian tourism businesses over to India, where they displayed their products and services to the Indian agents.

  9. Australia Marketplace India witnesses record participation

    BENGALURU - Tourism Australia has held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from 23 to 25 July. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies and tour operators ...

  10. Australia Marketplace India

    Date range: 23 - 26 July 2023. Location: India. Australia Marketplace India will provide an opportunity for the Australian tourism industry to build relationships with product planners and travel decision makers in India. Location and more information coming soon! Email. [email protected].

  11. Australia Marketplace India witnesses record participation of 94 agents

    Tourism Australia held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from July 23 to 25. The return of this key B2B event, for the first time since 2019, aimed to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies

  12. Australia Marketplace

    Australia Marketplace - India 2023 The event is an opportunity for representatives from the Australian tourism industry to establish and maintain business relationships with key qualified travel ...

  13. Australia Marketplace 2020 North America and India

    29 April 2020. Both Australia Marketplace North America 2020 and Australia Marketplace India 2020 have been cancelled due to the current coronavirus pandemic.. However, Tourism Australia is investigating alternative virtual options and details will be communicated when confirmed. Australia Marketplace North America 2020 was scheduled to take place from 3 to 6 August 2020 and Australia ...

  14. Good conditions fuel strong Indian outbound to Australia

    Indian arrivals to Australia have reached 385,000 for the period between October 2022 and September 2023, and the market is now the fifth largest inbound market for Tourism Australia. Kashikar: from Australia's 20th largest source market a decade ago, India is now the destination' fifth

  15. Australia Marketplace India witnesses record participation

    Tourism Australia held the 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), in Bengaluru from July 23-25. The return of this key B2B event, for the first time since 2019, aims to assist representatives from the Australian tourism industry to develop and establish business relationships with key qualified travel agencies and tour operators from India. At the ...

  16. Turtle Down Under at Australia Marketplace India

    Turtle Down Under was invited to Tourism Australia's 18th edition of its flagship trade initiative, Australia Marketplace India (AMI), held in Bangalore from 23rd to 25th July 2023.Turtle Down Under participated as one of the representatives of the Australian tourism industry to develop and establish business relationships with fellow key travel agencies and tour operators in India.

  17. Australia Marketplace India 2023: Unlocking the India-Australia Travel

    Australia Marketplace India has been a pivotal nexus, forging connections between India's premier travel agents and Australia's thriving tourism industry. This event strategically highlights Australia's diverse offerings, captivating Indian tourists with enticing vacation possibilities. As the sun set on this historic event, a resplendent future awaited Australia's tourism industry ...

  18. India's IndiGo orders 30 Airbus A350s in bet on long-haul routes

    IndiGo, India's top airline by market share, on Thursday placed its first-ever order for wide-body aircraft as the low-cost carrier intensifies its efforts to take a bigger slice of the ...

  19. Elon Musk postpones India visit, citing Tesla obligations

    Currently the world's fourth-richest man, Musk was expected to announce an investment of $2 billion to $3 billion in India, mainly for building the new Tesla factory, Reuters and the Financial ...

  20. This destination in Northeast India has witnessed record-breaking

    According to Tourism Sikkim data, ther has been a consistent upward trend in tourist arrivals over the past decade. Starting from 576,749 visitors in 2013, the numbers surged to a peak of 1,625,573 in 2023. With a promising start in 2024, projections indicate a potential milestone of 1.2 million tourists by year-end if the current growth rate persists.

  21. Autumn Sale

    Elevate your journey to an unforgettable flying experience with Air India. Get discount on Business and Economy Class tickets for flights operating from Melbourne / Sydney to India. Economy class flight prices start from AUD 499. Booking Period: 22 nd April to 26 th April'24. Travel Period: 22 nd Apr - 9 th Jun'24; 6 th Jul - 21 st Nov'24 ...

  22. ANZ Bank in Talks With Australia Pensions on India Investments

    ANZ Group Holdings Ltd. is in discussions with Australian pension funds about investing in India's infrastructure assets and its debt market, according to a senior bank official.

  23. China Market Update: Mainland Sees Massive Buying, Hong Kong ...

    Asian equities were mixed overnight, as Hong Kong, Mainland China, Taiwan, and South Korea outperformed, gaining more than +1%. Meanwhile, Australia, Indonesia, and India posted losses.

  24. India's IndiGo Moves Into Longhaul Game With Airbus A350 Order

    India's IndiGo Gets Into Longhaul Game With Airbus A350 Deal A350 model is enjoying record sales as rival Boeing struggles Purchase could make carrier among largest A350 operators