IRCTC Eyes 18% Annual Growth In Tourism Revenue, Says CMD

The Indian Railway Catering and Tourism Corporation (IRCTC) is targeting an ambitious 18% annual growth in its tourism revenue, as highlighted by its Chairman and Managing Director. The company has reported significant growth in the third quarter, driven by a surge in budget hotels and specially curated travel packages. This growth is a testament to IRCTC's efforts to expand its tourism footprint and diversify its offerings beyond catering and railway services. The increasing popularity of domestic travel, coupled with a growing interest in budget-friendly options, has fueled this upward trend. As the tourism sector rebounds post-pandemic, IRCTC aims to capitalize on this momentum by enhancing its service portfolio and attracting more travelers. The company's strategic initiatives reflect its commitment to becoming a leading player in the Indian tourism industry, where it sees potential for long-term growth and sustainability.