The Economic Times, 30 Jan 2009, CHINMAYI SHALYA
MUMBAI: Air travel is one of the sectors worst hit by the financial slowdown but South-East Asian destinations, particularly Singapore, seem to have held out.
The zone, including Malaysia and Thailand, kept registering a steady growth throughout 2008 even as both domestic and international travel took a hit. Travel experts said the outbound traffic from India to Singapore was around 8 lakh in 2008, approximately 8% more than the 2007 figure. Citing the steady growth in this sector, travel agents from six major associations met officials of the Singapore Tourism Board on Thursday and threatened to boycott the country as a tourist destination if its national airline refused to pay them the commission that was due to them.
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