The Jammu and Kashmir government has been making all efforts to take winter tourism beyond the famous skiing destination of Gulmarg in North Kashmir to other places. As per the reports, they have been focusing more on promoting tourism in the snow-bound areas that remain inaccessible due to roads getting blocked.
Reports have it that a proposal has been made to make helicopter service available to the snow-bound areas, which can turn into hot spots of winter tourism.
Places like Gurez and Karnah in Bandipora and Kupwara districts respectively which are near the Line of Control (LoC) have been luring tourists from far and near. And reportedly, from this year, the government has decided to start special helicopter services to these areas for tourists.
If reports are to go by, Sonamarg, Karnah and Gurez will remain open for tourists in the winter months for the first time in the past 70 years. Further, the government is also planning to include adve
Lodging taxes, which are levied on short-term stays at accommodations like hotels and Airbnbs, make up a small share of general-fund revenues for most municipalities, the paper finds. But roughly $4 billion of bonds are directly or indirectly backed by lodging taxes or local hotel revenues, which means that a decline in these revenue streams could potentially hamper the credit quality of that debt.
“People will pay a lot for leisure travel, especially in traditional leisure destinations,” Marlowe said in an interview. “Meanwhile, on the commercial travel side, now that meetings can be done via Zoom and people are less excited to travel to certain kinds of destinations, you actually have the opposite.”
The report found that the pandemic caused a split as travel started to rebound. The cities that lagged were the ones focused on convention attendance and business meetings -- while those that bounced back faster were vacation oriented.
The bifurcation is more likely due to a temporary softness in the economy as opposed to a secular decline in business travel, said Richard Schwam, a municipal-bond analyst at AllianceBernstein LP.
“I think part of what may be delaying the recovery in business travel is the economy, with a lot of people predicting a recession,” he said. “But it still seems to me that the type of business travel where you’re trying to go out and get more business, which always seems to me like the primary driver of business travel, is hard to replace with Zoom.”
Since lodging taxes are not reported as a separate category in the US Census or other traditional local government finance data sources, Marlowe and Hazinski analyzed data from annual financial reports of the 25 largest US cities. They also parsed through surveys of hotel operators, historical analyses of changes in local lodging tax rates and roughly 150 municipal-bond issue statements.
Cities not predominantly focused on tourism could market themselves toward vacationers to pull up their lodging revenues, Marlowe said.
Source: Hindustan Times
A holiday is a day set aside by custom or by law on which normal activities, especially business or work including school, are suspended or reduced.
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