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Trends

About 35% couples took a trip this weekend

Survey reveals that about 5 lakh travelers from the metros went to nearby tourist spots over the long I-Day weekend.
by The Editors | editor@themetrognome.in

The long weekend, starting from Friday, August 15 (Independence Day), and ending on Monday, August 18 (Pateti, Janmashtami) certainly allowed several people to take short trips to nearby locations. If a quick survey by ASSOCHAM (Associated Chambers of Commerce and Industry in India) is to be believed, about 35 per cent working couples of 500 couples surveyed in the metros of the country took planned an extended weekend trip during this time. 

About 5 lakh travelers made the journey to renowned weekend destinations, as per the survey based on feedback received from various working couples and tour operators in metros. “The weekend, starting this Independence Day on Friday, was extended up to Janmashtami on Monday (August 18) and about 35 per cent of working couples in metros planned to make it an extended holiday and escape to the nearby tourist destinations,” highlighted the survey.

ASSOCHAM representatives interacted with about 500 working couples to gauge their mood and plans for the Independence Day weekend in five cities of Mumbai, Ahmedabad, Bangalore, Delhi-NCR, and Kolkata during the last fortnight.

While about 35 per cent respondents conceded they had planned their itinerary in advance, about 55 per cent said they would relax at home and enjoy some good quality time with their family and the remaining 10 per cent said they have not made any plans so far. “With work schedules getting hectic by the day, working couples in India impatiently await weekends and thus make the most of extended weekends,” said DS Rawat, secretary general of ASSOCHAM.

The survey also took into account inputs from representatives of leading travel portals, travel agencies, and hoteliers who came up with various packages, as they had received a good number of bookings for traditional picturesque destinations located around the metros.
 
Certain respondents even said that their companies enabled the ‘work from home’ facility for their employees so that they could spend the weekend comfortably and complete their tasks as per their convenience.

Ashtvinayak, Goa, Khandala, Lonavla, Mahabaleshwar, and Matheran were the top destinations for about 30 per cent working couples in Mumbai, while almost 40 per cent respondents from Delhi-NCR rated Agra, Dharamshala, Haridwar, Jaipur, Jim Corbett, Khatu Shyam, Landsdowne, Mathura and Vrindavan, Manali, Mussoorrie, Nainital, Rishikesh, Shimla, Vaishno Devi and other spots among their favourite spots. 

Ambaji, Gir, Kutch, Mount Abu, Daman and Diu, Dadra and Nagar Haveli, Udaipur and others were significant getaway destinations for about 45 per cent working couples planning a quick holiday this weekend in Ahmedabad. Meanwhile, Chikmagalur, Coorg, Madhugiri, Mysore, Nandi Hills, Ooty, Ramanagara, Shivanasamudra Waterfalls, Wayanad and others were most sought-after weekend getaway destinations for 35 per cent working couples in Bangalore.

Bakkhali, Darjeeling, Digha, Mandarmoni, Murshidabad, Navadivpa, Raichak Santiniketan, Sunderbans, Tajpur, Tarapith and others were preferred weekend getaways for about 25 per cent respondents in Kolkata.

Also read: ‘Four-day holiday causes six-hour traffic snarl on Mumbai-Pune Expressway‘, TOI

(Picture courtesy www.planmoneytax.com)

Categories
Kharcha paani

Summer camp industry to touch 1,000 cr in 2017-18

Survey reveals that the summer camp industry is growing by 25 per cent per year due to higher disposable incomes.
by The Editors | editor@themetrognome.in

You probably enrolled your child in a summer camp this year, or at least know of people who did. But while you thought your child or the neighbour’s child was simply kept occupied with fun activities in exchange for a bit of cash, did you give a thought to how much you’d contributed to the burgeoning summer camp industry?

As per a survey conducted by premier industry watchdog ASSOCHAM (The Associated Chambers of Commerce and Industry), titled the Rising Craze For Summer Camps in Metros, “The summer camps industry size is likely to touch Rs 1,000 crore y 2017-2018 from the current level of Rs 400 crore, due to working absent parents, higher disposable incomes and rising awareness.”

Why is this industry growing?

The growth in this industry is seen to take off at an annual growth rate of about 25 per cent. “The summer camps industry is closely tied to overall economic indicators such as per capita disposable income, population growth and leisure time. Over the next five years, the industry’s growth patterns will reflect substantial increase in the number of children and adolescents due to rapidly improving expenditure on recreational activities and marginal gains in sports participation,” adds the survey.

“Holidays and weekend breaks are times when parents and children are always on the lookout for activities to do at home or outside that combine fun with creativity and learning,” said DS Rawat, Secretary General, ASSOCHAM. This industry includes overnight recreational and instructional camps for adults and children. Some camps provide accommodation and other amenities such as fixed campsites, food services, recreational facilities and equipment, and organised activities.

The survey was conducted in Delhi-NCR, Mumbai, Bangalore, Ahmedabad, Cochin, Kolkata, Hyderabad, Chandigarh and Dehradun, covering nearly 3,000 parents during April 2013. Broadly, it was found that parents dish out a minimum sum of Rs. 2,000 to Rs 6,000 on a child for a summer camp. Obviously, the sum spent doubles for two children. A majority of the parents interviewed revealed that they wanted their children to learn more activities like drawing, dancing, clay modeling, art and craft, culinary skills, cooking without using a flame and sports activities, in view of the growing peer effects and also to update their children to meet the challenges of current competition.

The survey also highlighted that working parents in the capital city of Delhi spent the least amount of time daily with their children at home (less than one hour) during the vacations, while those in Bangalore spend maximum amount (four hours) followed by Ahmedabad (three  hours) and Mumbai (two hours).

The survey further reveals, about one in five parents want their children to spend more of their free time in summer camps or hobby classes. One out of two parents responded that their children spend more time inside home; while only a third of parents said that their children spend equal time at home and outdoors.  Indeed, children on an average spend 5-6 hours at home for leisure activities during holidays, compared to an average 2 hours spent in outdoor activities, says the survey.

“Nearly 72 per cent of parents said that there was no provision of summer camps during their childhood. Accompanying their wards served a double purpose – not only could they give them a chance to learn something new, it also ensured they got to spend quality time with the children,” adds Rawat. “A majority of the respondents said that learning together gave them an opportunity to be cordial, respect each other’s views and understand each other better. The organisers are encasing on this trend by giving discounts if parents join their wards at camps.”

Summer camps are relatively popular with only 65 per cent parents preferring their children to spend time at a summer camp, in comparison to 92 per cent of children surveyed preferring going to a summer camp, points out the survey.

Highlights of the survey:

– Many schools have a dedicated marketing budget for summer clubs centered on print advertisements, hoardings, leaflets and mall activations. They allocate close to 20-25 per cent of their marketing budget on summer clubs. There are nearly 30,000-35,000 camps of all kinds operating in all the tier-II and tier-III cities.

– 81 per cent of children learn a new skill like musical instrument, dancing, clay modeling etc.

– 71 per cent of children want to learn art and craft outside home.

– 65 per cent of children go out to learn different styles of dancing like Jazz, contemporary, classical etc.

(Pictures courtesy www.trekindiamanali.com, www.kinkari.com, www.indiacurrents.com, kopili.wordpress.com. Images used for representational purpose only)

Categories
Trends

Mumbai’s real estate market takes a beating

Realty report on six cities in country; Mumbai has witnessed rising property prices, declining sales volumes in the last two years.

Mumbai is fast becoming a real estate nightmare. “The residential market has witnessed a phenomenon of rising property prices and declining sales volumes. High prices coupled with a stagnating job market have adversely impacted sales momentum. Going forward, the price growth in Mumbai will be muted on account of the unsold inventory and increasing share of peripheral markets,” says a just-released report by Knight Frank India recently.

The report, an Economy and Realty Report for December 2012, focusses on the Indian residential market scenario and the performance of the top six cities in the residential space. As per the report, “GDP growth declines from 9.3 per cent to 6.5 per cent, crippling the residential sector, launches declined by 30 per cent in 2012 compared to seven per cent in 2011 as banks’ credit exposure to developer’s falls from 23.21 per cent to mere 3.88 per cent.”

Further, the report notes that, “The residential market in 2012 was plagued by high property prices, relatively higher mortgage rates, weak business sentiments and a bleak employment scenario which is reflected in the residential launches, which declined by 30 per cent in 2012 in comparison to a fall of 7 per cent in 2011. Banks’ credit exposure to developers has fallen from its peak growth rate of 23.21 per cent in Jun-2011 to 3.88 per cent as per the latest reported data on September 2012.”

It turns out that developers are cautious of launching projects as the gap between the launch and the absorption numbers reduced to 32,000 units in 2012 compared to 82,000 and 94,000 units in 2010 and 2011 respectively. Meanwhile, on the other big market, Delhi-NCR, the report states, “Increase in supply in the NCR will primarily emanate from the opening up of new sectors in the Gurgaon market. Gurgaon, Noida and Greater Noida will continue to lead the overall NCR residential market. However, controlled new supply will keep a check on the quantum of unsold inventory. As a result we expect the NCR residential market to stabilise in 2013.”

(Picture courtesy hindubusinessline.com)
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