RateGain Founder Bhanu Chopra Appointed Co-Chair of ASSOCHAM National Council on Travel & Tourism

RateGain Travel Technologies

, a global leader in AI-powered SaaS solutions for the travel and hospitality industry, has made a significant announcement:

Bhanu Chopra

, the company’s founder and managing director, has been appointed as the

Co-Chair of ASSOCHAM’s National Council on Travel & Tourism

. This appointment highlights Chopra’s vast experience in both AI and the tourism sector, and signifies his commitment to leveraging artificial intelligence to transform the travel landscape.

Chopra’s vision aligns perfectly with the Indian government’s initiative to position the country as a frontrunner in AI-powered tourism solutions. The

National Council on Travel & Tourism

, led by Chairman

Sunjae Sharma

, Managing Director of Hyatt India Consultancy Pvt. Ltd., collaborates closely with both Central and State Tourism Ministries to tackle industry challenges. The council focuses on promoting sustainable tourism, economic development, and innovation within India’s travel and hospitality sectors.

India’s tourism sector is booming, contributing a substantial

7.7%

to the country’s GDP in 2023. Experts predict that the sector will reach a

$3 trillion economy by 2047

, generating up to

200 million jobs

. This growth trajectory underscores the significance of Chopra’s appointment, as he is poised to drive innovation and technological advancements within the industry.

Chopra expressed his enthusiasm for the new role, stating, “I am honored to take on this position. Tourism has a huge multiplier effect on the economy, and the Indian government’s vision of combining tourism with AI can drive significant growth and create new opportunities.” As Co-Chair, Chopra will spearhead initiatives to address the evolving needs of the travel and tourism industry, ensuring its competitiveness and adaptability on a global scale.

RateGain Travel Technologies Limited’s stock

was last traded at ₹736.30 on the BSE, following a previous close of ₹741.35. The stock reached an intraday high of ₹749.95 and a low of ₹716.15, with a total turnover of ₹20,971,387 across 2,107 trades. This reflects the market’s confidence in RateGain’s potential to capitalize on the burgeoning tourism industry.