External FactorsIn the near-term, travel sentiment is negatively impacted by external factors such as the India-Pakistan conflict, Air India plane crash, and ongoing Iran-Israel conflict.
Macro DevelopmentsDomestic air and holiday packages saw a significant impact from macro-developments, with expectations of gradual recovery.
Market DynamicsIn the near-term, the numbers are expected to be soft primarily led by external factors like India-Pakistan conflict, Air India plane crash and ongoing Iran-Israel conflict.