The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's foreign exchange earnings from tourism increased 20.8% in 2017 to US$27.693 billion, and arrivals through e-visas grew 57.2% in 2017.
- The tourism sector accounted for 8% of India's employment in 2017 and is expected to create over 52 million jobs by 2028.
- Emerging segments like medical, wellness, adventure, rural, and eco-tourism are contributing to the industry's growth.
- Online travel is growing, with over 70% of air tickets now booked online, and many online travel operators emerging in India.
The document provides an overview of recent trends and strategies in India's tourism and hospitality industry. Some key points include:
- Online travel operators have emerged as over 70% of air tickets are now booked online. Wellness tourism is also growing due to India's spiritual traditions.
- The government aims to develop cruise tourism with five new cruise terminals planned by 2030. Adventure tourism is being promoted across many states.
- Camping sites are being promoted responsibly to boost remote economies and conservation. Pilgrimage tourism remains an important segment due to India's spiritual heritage.
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's foreign exchange earnings from tourism increased 20.8% in 2017 to US$27.693 billion and arrivals through e-visas grew 57.2% in 2017.
- The tourism sector accounted for 8% of India's employment in 2017 and is expected to create over 52 million jobs by 2028.
- Domestic tourism will be a major driver of growth, with domestic spending expected to be 88.85% of total tourism revenues by 2028.
- Emerging segments like medical, wellness, adventure, and rural tourism are helping boost the industry.
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's foreign exchange earnings from tourism increased 20.8% in CY2017 to US$27.693 billion, and grew 10.2% during January-September 2018 to US$21.56 billion.
- The tourism sector accounted for 8% of India's total employment in 2017 and is expected to provide 52.3 million jobs by 2028.
- Domestic spending will be the major driver of growth, estimated to account for around 88.8% of tourism revenues by 2028 compared to 87.2% in 2017.
India's tourism and hospitality sector has been growing steadily and contributing more to the country's GDP each year. Some key points:
- The sector's direct contribution to GDP was Rs. 5.94 trillion (US$ 91.27 billion) in 2017 and is expected to reach Rs. 12.68 trillion (US$ 194.69 billion) by 2028.
- India ranked 7th in the world in 2017 for the total contribution of travel and tourism to its GDP, which was Rs. 15.24 trillion (US$ 234.03 billion) that year.
- Foreign tourist arrivals grew from 8.8 million in 2016 to 10.177 million in 2017, a 15.6%
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector contributed $91.27 billion to GDP in 2017 and is projected to contribute $194.69 billion by 2028, growing at a CAGR of 7.23%.
- Foreign tourist arrivals in India grew from 10.18 million in 2017 to 10.55 million in 2018, a 5.2% increase year-over-year.
- The government has implemented various reforms like e-visas to boost tourism, with arrivals through e-visas increasing 39.6% in 2018 to 2.37 million.
- The sector employs over 81 million people
The document provides an overview of the tourism and hospitality sector in India. It discusses recent trends like the growth in e-visa issuance, India's ranking in travel and tourism contribution to GDP, rising foreign exchange earnings, and employment generation in the sector. The key growth drivers for tourism include medical tourism, infrastructure developments, various state initiatives, and emerging segments like wellness, adventure, and spiritual tourism. The government has implemented several policies to promote tourism and attract more foreign and domestic visitors.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
1) India's tourism sector has seen significant growth in recent years and is a major contributor to employment and foreign exchange earnings. Foreign tourist arrivals grew by over 5% in 2018.
2) The government has implemented several reforms like e-visas and initiatives like Swadesh Darshan to boost tourism. Emerging areas include medical, wellness, adventure, and rural tourism.
3) Domestic tourism will be a major driver of growth, with domestic spending accounting for around 88% of tourism revenues currently. The sector is expected to contribute nearly $200 billion to India's GDP by 2028.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
1) India's foreign exchange earnings from tourism increased 20.8% in 2017 to US$27.693 billion, and contributions to GDP from travel and tourism are expected to grow faster than the world average.
2) The sector accounted for 9.3% of India's total employment in 2016, providing jobs for 40.3 million people. Employment is projected to rise 2% annually to 46.42 million by 2026.
3) Various government initiatives such as e-visa reforms, tax incentives for hotels near heritage sites, and schemes to develop tourism circuits have supported growth in the sector.
The document provides an overview of recent trends and strategies in India's tourism and hospitality industry. Some key points include:
- Online travel operators have emerged as over 70% of air tickets are now booked online. Wellness tourism is also growing due to India's spiritual traditions.
- The government aims to develop cruise tourism with five new cruise terminals planned by 2030. Adventure tourism is being promoted across many states.
- Camping sites are being promoted responsibly to boost remote economies and conservation. Pilgrimage tourism remains an important segment due to India's spiritual heritage.
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's foreign exchange earnings from tourism increased 20.8% in 2017 to US$27.693 billion and arrivals through e-visas grew 57.2% in 2017.
- The tourism sector accounted for 8% of India's employment in 2017 and is expected to create over 52 million jobs by 2028.
- Domestic tourism will be a major driver of growth, with domestic spending expected to be 88.85% of total tourism revenues by 2028.
- Emerging segments like medical, wellness, adventure, and rural tourism are helping boost the industry.
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's foreign exchange earnings from tourism increased 20.8% in CY2017 to US$27.693 billion, and grew 10.2% during January-September 2018 to US$21.56 billion.
- The tourism sector accounted for 8% of India's total employment in 2017 and is expected to provide 52.3 million jobs by 2028.
- Domestic spending will be the major driver of growth, estimated to account for around 88.8% of tourism revenues by 2028 compared to 87.2% in 2017.
India's tourism and hospitality sector has been growing steadily and contributing more to the country's GDP each year. Some key points:
- The sector's direct contribution to GDP was Rs. 5.94 trillion (US$ 91.27 billion) in 2017 and is expected to reach Rs. 12.68 trillion (US$ 194.69 billion) by 2028.
- India ranked 7th in the world in 2017 for the total contribution of travel and tourism to its GDP, which was Rs. 15.24 trillion (US$ 234.03 billion) that year.
- Foreign tourist arrivals grew from 8.8 million in 2016 to 10.177 million in 2017, a 15.6%
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector contributed $91.27 billion to GDP in 2017 and is projected to contribute $194.69 billion by 2028, growing at a CAGR of 7.23%.
- Foreign tourist arrivals in India grew from 10.18 million in 2017 to 10.55 million in 2018, a 5.2% increase year-over-year.
- The government has implemented various reforms like e-visas to boost tourism, with arrivals through e-visas increasing 39.6% in 2018 to 2.37 million.
- The sector employs over 81 million people
The document provides an overview of the tourism and hospitality sector in India. It discusses recent trends like the growth in e-visa issuance, India's ranking in travel and tourism contribution to GDP, rising foreign exchange earnings, and employment generation in the sector. The key growth drivers for tourism include medical tourism, infrastructure developments, various state initiatives, and emerging segments like wellness, adventure, and spiritual tourism. The government has implemented several policies to promote tourism and attract more foreign and domestic visitors.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
1) India's tourism sector has seen significant growth in recent years and is a major contributor to employment and foreign exchange earnings. Foreign tourist arrivals grew by over 5% in 2018.
2) The government has implemented several reforms like e-visas and initiatives like Swadesh Darshan to boost tourism. Emerging areas include medical, wellness, adventure, and rural tourism.
3) Domestic tourism will be a major driver of growth, with domestic spending accounting for around 88% of tourism revenues currently. The sector is expected to contribute nearly $200 billion to India's GDP by 2028.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
1) India's foreign exchange earnings from tourism increased 20.8% in 2017 to US$27.693 billion, and contributions to GDP from travel and tourism are expected to grow faster than the world average.
2) The sector accounted for 9.3% of India's total employment in 2016, providing jobs for 40.3 million people. Employment is projected to rise 2% annually to 46.42 million by 2026.
3) Various government initiatives such as e-visa reforms, tax incentives for hotels near heritage sites, and schemes to develop tourism circuits have supported growth in the sector.
The document summarizes key information about India's tourism and hospitality sector:
1) India's tourism and hospitality sector contributes significantly to the country's GDP and is a major source of foreign exchange earnings and employment. The sector's direct contribution to GDP was estimated at $71.7 billion in 2016 and is projected to rise to $148.2 billion by 2027.
2) Foreign tourist arrivals in India have been rising steadily, reaching 8.8 million in 2016, an 11% increase from 2015. The number of tourist visas issued has also increased, with e-visa arrivals up 59.2% year-on-year in January-October 2017.
3) The sector supports around
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's foreign exchange earnings from tourism increased 19.7% year-over-year during January-August 2017 to US$ 17.731 billion.
- The sector's direct contribution to GDP is expected to grow by 7.9% per annum during 2016–2026, above the world average.
- The sector accounts for 9% of total employment in India and is expected to provide jobs for 46.42 million people by 2026.
The document summarizes key information about India's tourism and hospitality sector:
1) India's tourism and hospitality sector contributes significantly to the country's GDP and is a major source of foreign exchange earnings and employment. The sector's direct contribution to GDP was estimated at $71.7 billion in 2016 and is projected to rise to $76.6 billion in 2017.
2) Foreign tourist arrivals in India have been rising steadily, reaching over 8 million in 2016, an 11% increase from 2015. The number of tourist visas issued has also increased, with e-visas rising 58.8% between January-November 2017 compared to the previous year.
3) The tourism and hospitality sector supports around
- India's tourism and hospitality sector is growing rapidly, with foreign tourist arrivals increasing at a CAGR of 7% between 2005-2025 according to estimates.
- The sector is a major contributor to India's GDP, accounting for 9.6% of GDP and expected to rise to 10% by 2027. It is also a significant employer, supporting over 40 million jobs.
- Domestic tourism is the primary driver of growth in the sector currently, estimated to account for around 88% of total tourism spending in India in 2016. However, foreign tourist visits and spending are rising steadily each year.
- The Indian tourism and hospitality sector is growing rapidly, with its contribution to GDP expected to rise significantly over the next decade.
- Foreign tourist arrivals are also increasing steadily and were over 8 million in 2016, expected to reach almost 20 million by 2027.
- Domestic tourism will be a major driver of growth, with domestic travel revenues projected to increase to over $200 billion by 2026, more than offsetting the increase in revenues from foreign visitors.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector is growing rapidly and is expected to contribute increasingly to the country's GDP in the coming years. The sector's direct contribution to GDP was $71.53 billion in 2016 and is projected to reach $147.96 billion by 2027.
- Foreign tourist arrivals in India have been rising steadily, reaching 8.8 million in 2016. The number is projected to increase to 15.3 million by 2025.
- The tourism sector supports a large number of jobs in India, accounting for about 9% of total employment. Employment opportunities from tourism are expected to grow significantly.
India's tourism and hospitality sector has been growing rapidly, contributing significantly to employment and GDP. Some key points:
- The sector accounted for 9% of India's GDP and 38.4 million jobs in 2016, with numbers expected to rise steadily through 2026.
- Foreign tourist arrivals grew over 10% year-on-year to 8.8 million in 2016 and are projected to reach 17.3 million by 2027.
- Domestic tourism currently dominates, accounting for 88% of total tourism spending in 2016, but foreign visitor spending is growing quickly.
- The government has introduced various reforms and initiatives like e-visas to boost the industry's competitiveness and attract more visitors
The document provides information on tourism and hospitality in India. Some key points:
- India's tourism sector accounted for 9.6% of GDP in 2016 and is expected to grow significantly in coming years. Foreign tourist arrivals grew by over 10% in 2016.
- Domestic tourism spending contributes over 80% of total tourism revenues currently and is expected to continue dominating. However, revenues from foreign visitors are growing at a faster pace.
- The sector employs over 38 million people currently and is a major source of foreign exchange earnings for the country. The government has undertaken several initiatives like e-visas to boost the industry.
India's tourism and hospitality sector is growing rapidly. Some key points:
1) The sector's direct contribution to GDP is expected to grow by 7.9% annually during 2016-2026, above the world average. It accounted for 9.3% of India's total employment in 2016.
2) Foreign tourist arrivals to India are rising, with 10.2 million tourists visiting in 2017, a 15.6% increase from 2016. Foreign exchange earnings from tourism grew by 20.8% to $27.7 billion in 2017.
3) The travel and tourism sector's total contribution to GDP was estimated at $208.9 billion in 2016, or 9.6% of India's
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's foreign exchange earnings from tourism grew 20.8% in 2017 to US$27.693 billion and tourist arrivals through e-visas grew 57.2% in 2017.
- The sector contributes significantly to India's GDP and employment. Its direct contribution to GDP is expected to grow 7.1% annually until 2028.
- The government has implemented several reforms like e-visas and campaigns to promote medical and wellness tourism to attract more tourists.
The document provides an overview of the hospitality and tourism industry in India. It discusses that India offers a diverse portfolio of niche tourism products and has been recognized as a destination for spiritual tourism. Some key points mentioned are that the industry has emerged as a key driver of growth among services in India, foreign tourist arrivals are increasing, and the government has implemented several initiatives to boost the industry such as developing tourism circuits and increasing the e-visa scheme.
The document provides information on tourism and hospitality in India. Some key points:
- India's tourism and hospitality sector contributed $208.5 billion to GDP in 2016 and is expected to grow to $423.7 billion by 2027.
- Foreign tourist arrivals grew to over 8.8 million in 2016 and are projected to reach 15.3 million by 2025.
- Foreign exchange earnings from tourism were $23.15 billion in 2016 and are growing at a CAGR of 10.4% from 2006-2016.
- Domestic travel revenues are expected to reach $183.48 billion in 2016 and increase to $203.3 billion by 2026, outpacing growth in revenues from foreign
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's tourism industry has grown significantly in recent years and is a major contributor to the country's GDP and employment. Foreign tourist arrivals reached 10.55 million in 2018.
- Domestic tourism will be a major driver of future growth in the sector. Spending from domestic travelers is expected to account for around 88% of total tourism spending by 2028.
- The government has implemented several initiatives like e-visas and infrastructure development schemes to boost tourism. Emerging areas like wellness, cruises, and adventure tourism are growing segments.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- Tourism contributes significantly to India's GDP and employment. It is expected to grow at 7-8% annually and contribute $280 billion to GDP by 2026.
- Foreign tourist arrivals have grown steadily in recent years and are expected to reach 15 million by 2025. Foreign exchange earnings from tourism were $21 billion in 2015.
- Domestic tourism currently accounts for over 80% of the tourism market in India and is expected to drive future growth. Online travel booking is also increasing domestic travel.
- The government has introduced policies like e-visas and tax breaks for hotels to promote tourism growth
Foreign tourists arriving in the country bring foreign currency along with them.
Foreign Exchange Earnings from tourism are the receipts of the country as a result of the foreign tourists consuming various services in the country, out of the foreign currency brought by them
Consumption comprises of various things such as payments made for purchase of handicrafts or any other goods, payments made to the hotel of their stay or to a cab driver to travel from one place to another etc.
An increase in demand of services by foreign tourists helps in the growth of many sectors such as hotels, airlines, restaurants, cab services etc.
India has 28 world heritage sites and 25 bio-geographic zones. The country’s big coastline provides a number of attractive beaches, diverse offerings such as adventure, rural and wildlife tourism.
India ranked 12th among 184 countries in terms of travel & tourism’s total contribution to Gross Domestic Product (GDP) in 2012. The sector’s direct contribution to GDP totalled US$ 34.7 billion in 2012 and is expected to grow to US$ 40.8 billion in 2013. Over 2013–23, the direct contribution is expected to register a growth of 7.8 per cent per annum.
Over 6.6 million foreign tourist arrivals (FTAs) were reported in 2012, expanding at compounded annual growth rate (CAGR) of 7.8 per cent during 2005-12. The total foreign exchange earnings (FEEs) from tourism grew over US$ 17.7 billion in 2012, registering a CAGR of 13.1 per cent during 2005-12. In February 2013, FEEs increased by 11.4 per cent to reach US$ 3.4 billion from US$ 3.1 billion in the same period in 2012.
Strong growth in per capita income in the country is driving the domestic tourism market. A shift in demographics with rising young population (coupled with changing lifestyles) is leading to greater expenditure on leisure services. The tourism policy of Government of India (GOI) aims at speedy implementation of tourism projects, development of integrated tourism circuits, special capacity building in the hospitality sector and new marketing strategies. In the hotel and tourism sector, the government has also allowed 100 per cent foreign direct investment (FDI) through automatic route.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- Tourism contributes significantly to India's GDP and employment. It is expected to grow at 7-8% annually and contribute $280 billion to GDP by 2026.
- India saw over 8 million foreign tourist arrivals in 2015 and expects 9 million in 2016. Foreign exchange earnings from tourism were $21.1 billion in 2015.
- Domestic tourism dominates the sector, accounting for over 80% of revenues. Leisure travel accounts for the majority of tourism spending compared to business travel.
- Emerging segments like medical, wellness, adventure, and rural tourism are growing in popularity. The government is undertaking various
The tourism sector in India has grown significantly since the 1980s due to various government policies and initiatives. While tourism accounts for 9.6% of India's GDP and is the third largest foreign exchange earner, issues around infrastructure, amenities, taxation, and security still remain. The government has undertaken several measures like infrastructure development projects, promotion campaigns, and visa reforms to address challenges. However, further investments are needed to enhance perceptions of safety, develop rural infrastructure, and improve tourism workforce training to realize the sector's full potential.
Travel and Tourism continues to be the fastest growing sectors in India. As per the World Travel and Tourism Council (WTTC) India ranks 8th globally in terms of contribution of travel & tourism to GDP. In 2018, the sector generated US$247.3 Bn, accounting for 9.2% of India’s GDP and posted a YoY growth of 6.7%.
The hospitality industry in India has seen significant growth in recent years and is projected to continue expanding. Some key points:
- India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
- Foreign tourist arrivals were 10.56 million in 2018 and are projected to reach 30.5 million by 2028. Foreign exchange earnings from tourism increased from $28.59 billion in 2018 to $2.55 billion in January 2019.
- The industry employs over 81 million people, accounting for 12.38% of total employment in India. Segments like medical tourism, cruise tourism,
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector contributed 8% of total employment and ranked 7th globally in terms of travel and tourism's total contribution to GDP in 2017.
- Foreign exchange earnings from tourism grew 4.7% year-on-year to $28.59 billion in 2018. International tourist arrivals are projected to reach 30.5 million by 2028.
- The government has undertaken various initiatives like e-visas, infrastructure development, and marketing to promote tourism. Foreign tourist arrivals grew 5.2% in 2018 to 10.55 million.
- Emerging sectors of tourism include medical, wellness, adventure
- The document provides an overview of the tourism and hospitality sector in India. It discusses key trends such as rising contribution of tourism to India's GDP, growing foreign tourist arrivals, and increasing foreign exchange earnings from tourism.
- Domestic travel is expected to be the major driver of growth, with domestic spending accounting for over 82% of total tourism revenues in 2016. Revenue from the leisure travel segment also dominates over the business travel segment.
- Major Indian companies operating across different tourism segments such as hotels, airlines, tour operators are discussed. Emerging tourism segments in India like medical, heritage, eco and adventure tourism are also highlighted.
The document summarizes key information about India's tourism and hospitality sector:
1) India's tourism and hospitality sector contributes significantly to the country's GDP and is a major source of foreign exchange earnings and employment. The sector's direct contribution to GDP was estimated at $71.7 billion in 2016 and is projected to rise to $148.2 billion by 2027.
2) Foreign tourist arrivals in India have been rising steadily, reaching 8.8 million in 2016, an 11% increase from 2015. The number of tourist visas issued has also increased, with e-visa arrivals up 59.2% year-on-year in January-October 2017.
3) The sector supports around
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's foreign exchange earnings from tourism increased 19.7% year-over-year during January-August 2017 to US$ 17.731 billion.
- The sector's direct contribution to GDP is expected to grow by 7.9% per annum during 2016–2026, above the world average.
- The sector accounts for 9% of total employment in India and is expected to provide jobs for 46.42 million people by 2026.
The document summarizes key information about India's tourism and hospitality sector:
1) India's tourism and hospitality sector contributes significantly to the country's GDP and is a major source of foreign exchange earnings and employment. The sector's direct contribution to GDP was estimated at $71.7 billion in 2016 and is projected to rise to $76.6 billion in 2017.
2) Foreign tourist arrivals in India have been rising steadily, reaching over 8 million in 2016, an 11% increase from 2015. The number of tourist visas issued has also increased, with e-visas rising 58.8% between January-November 2017 compared to the previous year.
3) The tourism and hospitality sector supports around
- India's tourism and hospitality sector is growing rapidly, with foreign tourist arrivals increasing at a CAGR of 7% between 2005-2025 according to estimates.
- The sector is a major contributor to India's GDP, accounting for 9.6% of GDP and expected to rise to 10% by 2027. It is also a significant employer, supporting over 40 million jobs.
- Domestic tourism is the primary driver of growth in the sector currently, estimated to account for around 88% of total tourism spending in India in 2016. However, foreign tourist visits and spending are rising steadily each year.
- The Indian tourism and hospitality sector is growing rapidly, with its contribution to GDP expected to rise significantly over the next decade.
- Foreign tourist arrivals are also increasing steadily and were over 8 million in 2016, expected to reach almost 20 million by 2027.
- Domestic tourism will be a major driver of growth, with domestic travel revenues projected to increase to over $200 billion by 2026, more than offsetting the increase in revenues from foreign visitors.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector is growing rapidly and is expected to contribute increasingly to the country's GDP in the coming years. The sector's direct contribution to GDP was $71.53 billion in 2016 and is projected to reach $147.96 billion by 2027.
- Foreign tourist arrivals in India have been rising steadily, reaching 8.8 million in 2016. The number is projected to increase to 15.3 million by 2025.
- The tourism sector supports a large number of jobs in India, accounting for about 9% of total employment. Employment opportunities from tourism are expected to grow significantly.
India's tourism and hospitality sector has been growing rapidly, contributing significantly to employment and GDP. Some key points:
- The sector accounted for 9% of India's GDP and 38.4 million jobs in 2016, with numbers expected to rise steadily through 2026.
- Foreign tourist arrivals grew over 10% year-on-year to 8.8 million in 2016 and are projected to reach 17.3 million by 2027.
- Domestic tourism currently dominates, accounting for 88% of total tourism spending in 2016, but foreign visitor spending is growing quickly.
- The government has introduced various reforms and initiatives like e-visas to boost the industry's competitiveness and attract more visitors
The document provides information on tourism and hospitality in India. Some key points:
- India's tourism sector accounted for 9.6% of GDP in 2016 and is expected to grow significantly in coming years. Foreign tourist arrivals grew by over 10% in 2016.
- Domestic tourism spending contributes over 80% of total tourism revenues currently and is expected to continue dominating. However, revenues from foreign visitors are growing at a faster pace.
- The sector employs over 38 million people currently and is a major source of foreign exchange earnings for the country. The government has undertaken several initiatives like e-visas to boost the industry.
India's tourism and hospitality sector is growing rapidly. Some key points:
1) The sector's direct contribution to GDP is expected to grow by 7.9% annually during 2016-2026, above the world average. It accounted for 9.3% of India's total employment in 2016.
2) Foreign tourist arrivals to India are rising, with 10.2 million tourists visiting in 2017, a 15.6% increase from 2016. Foreign exchange earnings from tourism grew by 20.8% to $27.7 billion in 2017.
3) The travel and tourism sector's total contribution to GDP was estimated at $208.9 billion in 2016, or 9.6% of India's
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's foreign exchange earnings from tourism grew 20.8% in 2017 to US$27.693 billion and tourist arrivals through e-visas grew 57.2% in 2017.
- The sector contributes significantly to India's GDP and employment. Its direct contribution to GDP is expected to grow 7.1% annually until 2028.
- The government has implemented several reforms like e-visas and campaigns to promote medical and wellness tourism to attract more tourists.
The document provides an overview of the hospitality and tourism industry in India. It discusses that India offers a diverse portfolio of niche tourism products and has been recognized as a destination for spiritual tourism. Some key points mentioned are that the industry has emerged as a key driver of growth among services in India, foreign tourist arrivals are increasing, and the government has implemented several initiatives to boost the industry such as developing tourism circuits and increasing the e-visa scheme.
The document provides information on tourism and hospitality in India. Some key points:
- India's tourism and hospitality sector contributed $208.5 billion to GDP in 2016 and is expected to grow to $423.7 billion by 2027.
- Foreign tourist arrivals grew to over 8.8 million in 2016 and are projected to reach 15.3 million by 2025.
- Foreign exchange earnings from tourism were $23.15 billion in 2016 and are growing at a CAGR of 10.4% from 2006-2016.
- Domestic travel revenues are expected to reach $183.48 billion in 2016 and increase to $203.3 billion by 2026, outpacing growth in revenues from foreign
The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's tourism industry has grown significantly in recent years and is a major contributor to the country's GDP and employment. Foreign tourist arrivals reached 10.55 million in 2018.
- Domestic tourism will be a major driver of future growth in the sector. Spending from domestic travelers is expected to account for around 88% of total tourism spending by 2028.
- The government has implemented several initiatives like e-visas and infrastructure development schemes to boost tourism. Emerging areas like wellness, cruises, and adventure tourism are growing segments.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- Tourism contributes significantly to India's GDP and employment. It is expected to grow at 7-8% annually and contribute $280 billion to GDP by 2026.
- Foreign tourist arrivals have grown steadily in recent years and are expected to reach 15 million by 2025. Foreign exchange earnings from tourism were $21 billion in 2015.
- Domestic tourism currently accounts for over 80% of the tourism market in India and is expected to drive future growth. Online travel booking is also increasing domestic travel.
- The government has introduced policies like e-visas and tax breaks for hotels to promote tourism growth
Foreign tourists arriving in the country bring foreign currency along with them.
Foreign Exchange Earnings from tourism are the receipts of the country as a result of the foreign tourists consuming various services in the country, out of the foreign currency brought by them
Consumption comprises of various things such as payments made for purchase of handicrafts or any other goods, payments made to the hotel of their stay or to a cab driver to travel from one place to another etc.
An increase in demand of services by foreign tourists helps in the growth of many sectors such as hotels, airlines, restaurants, cab services etc.
India has 28 world heritage sites and 25 bio-geographic zones. The country’s big coastline provides a number of attractive beaches, diverse offerings such as adventure, rural and wildlife tourism.
India ranked 12th among 184 countries in terms of travel & tourism’s total contribution to Gross Domestic Product (GDP) in 2012. The sector’s direct contribution to GDP totalled US$ 34.7 billion in 2012 and is expected to grow to US$ 40.8 billion in 2013. Over 2013–23, the direct contribution is expected to register a growth of 7.8 per cent per annum.
Over 6.6 million foreign tourist arrivals (FTAs) were reported in 2012, expanding at compounded annual growth rate (CAGR) of 7.8 per cent during 2005-12. The total foreign exchange earnings (FEEs) from tourism grew over US$ 17.7 billion in 2012, registering a CAGR of 13.1 per cent during 2005-12. In February 2013, FEEs increased by 11.4 per cent to reach US$ 3.4 billion from US$ 3.1 billion in the same period in 2012.
Strong growth in per capita income in the country is driving the domestic tourism market. A shift in demographics with rising young population (coupled with changing lifestyles) is leading to greater expenditure on leisure services. The tourism policy of Government of India (GOI) aims at speedy implementation of tourism projects, development of integrated tourism circuits, special capacity building in the hospitality sector and new marketing strategies. In the hotel and tourism sector, the government has also allowed 100 per cent foreign direct investment (FDI) through automatic route.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- Tourism contributes significantly to India's GDP and employment. It is expected to grow at 7-8% annually and contribute $280 billion to GDP by 2026.
- India saw over 8 million foreign tourist arrivals in 2015 and expects 9 million in 2016. Foreign exchange earnings from tourism were $21.1 billion in 2015.
- Domestic tourism dominates the sector, accounting for over 80% of revenues. Leisure travel accounts for the majority of tourism spending compared to business travel.
- Emerging segments like medical, wellness, adventure, and rural tourism are growing in popularity. The government is undertaking various
The tourism sector in India has grown significantly since the 1980s due to various government policies and initiatives. While tourism accounts for 9.6% of India's GDP and is the third largest foreign exchange earner, issues around infrastructure, amenities, taxation, and security still remain. The government has undertaken several measures like infrastructure development projects, promotion campaigns, and visa reforms to address challenges. However, further investments are needed to enhance perceptions of safety, develop rural infrastructure, and improve tourism workforce training to realize the sector's full potential.
Travel and Tourism continues to be the fastest growing sectors in India. As per the World Travel and Tourism Council (WTTC) India ranks 8th globally in terms of contribution of travel & tourism to GDP. In 2018, the sector generated US$247.3 Bn, accounting for 9.2% of India’s GDP and posted a YoY growth of 6.7%.
The hospitality industry in India has seen significant growth in recent years and is projected to continue expanding. Some key points:
- India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
- Foreign tourist arrivals were 10.56 million in 2018 and are projected to reach 30.5 million by 2028. Foreign exchange earnings from tourism increased from $28.59 billion in 2018 to $2.55 billion in January 2019.
- The industry employs over 81 million people, accounting for 12.38% of total employment in India. Segments like medical tourism, cruise tourism,
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's tourism sector contributed 8% of total employment and ranked 7th globally in terms of travel and tourism's total contribution to GDP in 2017.
- Foreign exchange earnings from tourism grew 4.7% year-on-year to $28.59 billion in 2018. International tourist arrivals are projected to reach 30.5 million by 2028.
- The government has undertaken various initiatives like e-visas, infrastructure development, and marketing to promote tourism. Foreign tourist arrivals grew 5.2% in 2018 to 10.55 million.
- Emerging sectors of tourism include medical, wellness, adventure
- The document provides an overview of the tourism and hospitality sector in India. It discusses key trends such as rising contribution of tourism to India's GDP, growing foreign tourist arrivals, and increasing foreign exchange earnings from tourism.
- Domestic travel is expected to be the major driver of growth, with domestic spending accounting for over 82% of total tourism revenues in 2016. Revenue from the leisure travel segment also dominates over the business travel segment.
- Major Indian companies operating across different tourism segments such as hotels, airlines, tour operators are discussed. Emerging tourism segments in India like medical, heritage, eco and adventure tourism are also highlighted.
The document discusses India's tourism industry. It notes that tourism contributes significantly to India's GDP and employment. India receives over 17 million foreign tourists annually and over 700 million domestic tourists. The tourism industry is expected to grow substantially in the coming years. The document outlines some of the characteristics of the tourism industry, key initiatives by the Indian government to promote tourism, strengths and weaknesses of India's tourism industry, emerging trends in tourism, and some of the major players in India's tourism industry.
The document discusses India's tourism industry. It begins by defining tourism and the tourism industry. It then discusses the significance of tourism and lists the 12 main tourism industries according to the UNWTO. It outlines the economic importance and benefits of tourism for India, including job creation and foreign exchange earnings. It provides details on the number of foreign tourist arrivals in India in recent years. The rest of the document describes India's Ministry of Tourism, including its administrative structure and roles. It discusses key tourism development initiatives in India like Swadesh Darshan and PRASAD that focus on developing tourism infrastructure and circuits.
India's tourism industry is growing rapidly and is poised to become the second fastest growing tourism economy in the world between 2005-2014. Foreign tourist arrivals and earnings from tourism have increased by over 13% and 20% respectively in 2005. The government and private sector are investing heavily in aviation and tourism infrastructure to support the growing industry and transform India into an all-year tourism destination. Ecotourism and medical tourism are emerging areas that are attracting new types of tourists to India.
This document discusses foreign direct investment (FDI) in the tourism industry in India. It provides background on the importance of tourism to the Indian economy, noting that tourism contributes over 6% to GDP and supports millions of jobs. The paper examines the positive and negative impacts of tourism development as well as the need to attract more FDI into the sector. It recommends measures to do so, such as rationalizing taxes, establishing single-window clearances, increasing tax holidays, and adjusting depreciation rates to incentivize environmental protection. The overall aim is to leverage FDI to further develop tourism and realize its economic and employment benefits.
The document discusses India's growing tourism industry. Some key points:
- India's economy and tourism numbers are growing rapidly, with GDP projected to exceed countries like Italy, France and Germany in the coming decades.
- Foreign tourist arrivals grew by over 13% in 2005, with foreign exchange earnings from tourism up over 20%.
- India is working to change perceptions of only being a winter destination by promoting new products like monsoon tourism.
- Infrastructure is improving through modernization of airports and a growing aviation industry, increasing accessibility across the country.
India Tourisms New Destination 1192717555707079 4ss.samad
The document discusses India's growing tourism industry. Some key points:
- India's tourism industry is growing rapidly and is poised to become the 2nd fastest growing tourism economy by 2020 according to the World Tourism Organization.
- Foreign tourist arrivals grew by over 13% in 2005 and foreign exchange earnings from tourism grew by over 20%.
- India is working to promote itself as a year-round destination and is developing new tourism products focused on areas like wellness, rural tourism, and adventure tourism.
- Investments are being made in aviation and airport infrastructure to support the growing tourism industry and make more destinations accessible. The "Incredible India" campaign has also helped promote tourism within India and abroad
The document discusses India's tourism industry. It begins by defining tourism and the tourism industry. It then outlines the significance of tourism and the various tourism industries according to the UNWTO. It discusses the importance and benefits of tourism for the economy and society through job creation, infrastructure development, and cultural growth. It highlights aspects that make India's tourism industry special such as its diversity of landscapes, heritage sites, and cultures. It provides statistics on foreign tourist arrivals in India and describes the administrative structure of tourism, including the Ministry of Tourism and its roles. It concludes by noting initiatives and areas that could be strengthened to further promote tourism in India.
Contribution of Hospitality industry to INDIAN EconomyMohitKataria15
The hospitality industry makes a significant contribution to the Indian economy. It is the largest service industry and a major employer, generating 39 million jobs in 2019. The industry accounted for 6.8% of India's GDP that year. The government has implemented several initiatives to boost tourism, such as developing tourist circuits and reducing GST on hotel rooms. International hotel chains are also increasing their presence in India. If current growth continues, the tourism sector will account for 9.9% of India's GDP by 2028. The industry has strong growth potential and is an important source of foreign exchange and employment for the country.
Explore the Sustainable Tourism Strategy of India for 2023thinkwithniche
Known for its uniquely vibrant culture, India is a country diversified in ancient sites, flavorful cuisine, and amazing landscapes. In 2019 alone, 18 million tourists visited India, with New Delhi being the 8th most popular tourist destination in the world. Consequently, widespread tourism has been a concern for India.
India's tourism industry is growing rapidly, with foreign tourist arrivals up 13% in 2005. India is projected to have the second fastest growing tourism economy in the world until 2014. The government and private sector are investing $20 billion to expand air travel infrastructure, with the goal of handling over 90 million passengers annually by 2010. Various states such as Uttaranchal and southern states are experiencing over 25% tourism growth through aggressive marketing. In addition to cultural and beach tourism, India is developing new tourism products focused on rural experiences, medical tourism, and adventure tourism. The tourism industry benefits India's economy by generating employment and foreign exchange earnings with relatively low capital investment.
Tourism and its contribution to the Economy - Article by B.S Rathor - Advisor...Sharath Bhat
Maharashtra Economic Development Council, Monthly Economic Digest February 2017
Tourism is an activity difficult to define and more difficult to comprehend in view of its complexities. It is not a product nor a service but a rare blend of both or neither. In simple terms and as best understood it is travel for an objective - be it leisure, business or other purposes. I call it a unique experience through the combination of multitudes of objects bordering from the mundane to the spectacular under its umbrella. More than its definition it is important to know that this amalgam has the capability to deliver an experience which only can be felt by the traveling mass that are ever ready to savor its glory.
India's tourism industry is growing rapidly and is projected to become the second fastest growing tourism economy in the world between 2005-2014. Foreign tourist arrivals and earnings from tourism have increased by over 13% and 20% respectively in 2005. The government and private sector are investing heavily in tourism infrastructure like airports and Commonwealth Games 2010 facilities. Popular tourist destinations include the Golden Triangle, Rajasthan, beaches and temples in the south. Ecotourism, rural tourism, and medical tourism are emerging areas that benefit the economy while cultural tourism helps preserve local traditions.
Indian Tourism Sector and Union Budget 2011The Other Home
India travel market is growing at the rapid pace. However, the recent budget announcement may negatively impact the growth of Tourism Sector in India. The presentation tries to highlight the key statistics of Indian Travel and Tourism Market and Union Budget 2011-12 from the industry perspective.
Similar to Tourism and Hospitality Sector Report - December 2018 (15)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
South Dakota State University degree offer diploma Transcriptynfqplhm
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Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
2. Table of Content
Executive Summary……………….….…….3
Advantage India…………………..…..……..4
Market Overview ………………….….……..6
Recent Trends and Strategies…………....16
Growth Drivers……………………..............19
Opportunities…….……….......……….……28
Industry Associations……………....……...32
Useful Information……….......…………….34
3. For updated information, please visit www.ibef.orgTourism & Hospitality3
EXECUTIVE SUMMARY
Electronic tourist authorisations, known as E – Tourist Visa, launched by the Government of India have
resulted in increase in number of tourist visa issued in the country. The facility has been extended to citizens
of 166 countries, as of December 2018.
Arrivals through e-visa increasing 57.2 per cent to 1.697 million during CY 2017. During January-October
2018, arrivals through e-visa increased 44.80 per cent year-on-year to 1.80 million.
New Visa Reforms
Source: World Travel & Tourism Council’s (WTTC’s) Economic Impact 2018, Ministry of Tourism
India ranked 7th among 184 countries in terms of travel & tourism’s total contribution to GDP in 2017. India’s
foreign exchange earnings (FEEs) from tourism increased by 20.8 per cent during CY 2017 to reach US$
27.693 billion. During January-October 2018, FEEs from tourism increased 8.30 per cent* year-on-year to US$
23.54 billion.
In India, the sector’s direct contribution to GDP is expected to grow by 7.1 per cent per annum during 2018-28.
Contribution to GDP
above world average
Travel & tourism’s contribution to capital investment in India is projected to grow 6.7 per cent per annum during
2018–28.
Higher investments
The travel & tourism sector in India accounted for 8 per cent of the total employment opportunities generated in
the country in 2017, providing employment to around 41.6 million people during the same year. The number is
expected to rise by 2 per cent annum to 52.3 million jobs by 2028.
Creating higher
employment
Contribution of visitor exports to total exports is estimated to increase 5.5 per cent per annum during 2018–
2028.
Increasing visitor
exports
Note: CY - Calendar Year, * - Increased in US$ terms
5. For updated information, please visit www.ibef.orgTourism & Hospitality5
ADVANTAGE INDIA
By 2020, medical tourism industry of India is
expected to touch US$ 9 billion.
10.18 million foreign tourists visited India in CY
2017, witnessing increase of 15.6 per cent from CY
2016. During January-October 2018, 8.36 million
foreign tourists arrived in the country.
International tourist arrivals are expected to reach
30.5 million by 2028.
India has a diverse portfolio of niche tourism
products – cruises, adventure, medical, wellness,
sports, MICE, eco-tourism, film, rural & religious
tourism
In January 2017, Federation of Indian Chambers
of Commerce & Industry (FICCI) announced the
launch of India Travel Tech Launchpad.
India offers geographical diversity,
attractive beaches, 30 World Heritage
Sites and 25 bio-geographic zones
The country’s big coastline is dotted
with a number of attractive beaches
A 5-year tax holiday has been offered for 2,3
and 4 star category hotels located around
UNESCO World Heritage sites (except
Delhi & Mumbai)
Under the Swadesh Darshan scheme, 15
thematic circuits in the country have been
selected for development of tourism
infrastructure.
E-visa facility offered to 166 countries, as of
December 2018.
ADVANTAGE
INDIA
Source: World Travel & Tourism Council’s (WTTC’s) Economic Impact 2018, Ministry of Finance, Aranca Research
Note: UNESCO – United Nations Educational, Scientific and Cultural Organisation, MICE – Meetings, Incentives, Conferences, and Exhibitions, CY – Calendar Year
7. For updated information, please visit www.ibef.orgTourism & Hospitality7
EVOLUTION OF THE INDIAN TOURISM AND
HOSPITALITY SECTOR
Source: WTTC, Ministry of Tourism, Aranca Research
The government has undertaken various marketing
initiatives to attract tourists
E – tourist visa launched and 1.697 million tourists
arrived in India in 2017 through this facility.
Travel and Tourism sector accounted for 8 per cent
of total employment opportunities in India in 2017.
In November 2018, India attained third position in
world tourism sector after China and US.
The National Tourism Policy was
announced in 1982
The government formulated a
comprehensive plan in 1988 to promote
tourism
A national policy on tourism was announced in
2002, focusing on developing a robust
infrastructure
Online travel portals & low-cost carrier airlines
gave a boost to domestic tourism
Various states in India declared tourism
as an industry
The government stressed on private-
public partnership in the sector
Government policies give a fillip to the
hotel industry
Pre-1990 1990–2000
2015 onwards
2000–05
8. For updated information, please visit www.ibef.orgTourism & Hospitality8
SEGMENTS OF TOURISM AND HOSPITALITY
Source: Dun and Bradstreet’s Report on Tourism in India
Accommodation could be hotels & motels, apartments, camps, guest houses,
lodge, bed & breakfast establishments, house boats, resorts, cabins & hostels. In
addition, tourists also require catering facilities, which includes include hotels,
local restaurants, roadside joints, cafeterias & retail outlets serving food &
beverages.
Comprises airline companies, cruise services, railways, car rentals & more. A
tourist’s choice of transport would depend on the travel budget, destination, time,
purpose of the tour & convenience to the point of destination.
Another major component of the travel & tourism industry is ‘attractions’ such
as theme parks & natural attractions including scenic locations, cultural &
educational attractions, monuments, events & medical, social or professional
causes.
A fragmented sector with a number of independent travel agents & many
online businesses. They also sell associated products such as insurance, car
hire & currency exchange.
Business travel agencies specialise in making travel & accommodation
arrangements for business travellers & promoting conference trades.
Offer customised tours, including travel, accommodation & sightseeing
Accommodation
and catering
Transportation
Attractions
Travel agents
Tour operators
Tourism and
hospitality
9. For updated information, please visit www.ibef.orgTourism & Hospitality9
EMERGING TOURISM AND HOSPITALITY SEGMENTS
Source: Dun and Bradstreet’s Report on Tourism in India
Rural
tourism
Adventure
tourism
Medical
tourism
Heritage
tourism
Luxury
tourism
Eco-tourism
Pilgrimage
tourism
The aim is to develop interest in heritage and culture; & promote visits
to village settings to experience & live a relaxed & healthy lifestyle
Tourists seek specialised medical
treatments, mainly ayurvedic, spa &
other therapies
The primary purpose is achieving,
promoting or maintaining good
health & a sense of well-being
Tourists visit India for its cultural heritage
in various cities
The country’s rich heritage is amply
reflected in the various temples, majestic
forts, pleasure gardens, religious
monuments, museums, art galleries, urban
& rural sites
A wide range of adventure sports are
covered under this category with
specialised packages
The activities include
mountaineering, trekking, bungee
jumping, mountain biking, river
rafting & rock climbing
One of the biggest contributor
to tourism industry. India
being religious hub for
different cultures attracts a
large number of tourists every
year
Vast variety of flora & fauna
in various states is a major
factor behind their growing
popularity as tourist
destinations.
Thenmala in Kerala is the
1st planned ecotourism
destination in India.
The luxury travel market in India registered a growth
rate of 12.8 per cent in 2015, the highest in
comparison with any other BRIC country.
10. For updated information, please visit www.ibef.orgTourism & Hospitality10
RISING CONTRIBUTION TO INDIA’S GDP
63.73
67.77
72.74
79.56
87.17
91.27
98.17
194.69
0.00
50.00
100.00
150.00
200.00
250.00
2012 2013 2014 2015 2016 2017 2018E 2028F
Source: World Travel & Tourism Council’s (WTTC’s) Economic Impact 2018
India ranked 8th in the world in 2017 in terms of absolute direct contribution of travel & tourism sector’s to its GDP.
It is the 3rd largest foreign exchange earner for the country.
The tourism & hospitality sector’s direct contribution to GDP in 2017, was Rs 5.94 trillion (US$ 91.27 billion). This is expected to reach Rs 12.68
trillion (US$ 194.69 billion) in 2028, implying a CAGR of 7.23 per cent during 2012-28.
Visakhapatnam port traffic (million tonnes)
Direct Contribution of Travel and Tourism to GDP at Real 2017
Prices (US$ billion)
CAGR 7.23%
Note: CAGR – Compound Annual Growth Rate, E - Estimated, F -Forecast
163.99
174.22
187.18
204.01
223.20
234.03
251.64
492.21
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2012 2013 2014 2015 2016 2017 2018E 2028F
Visakhapatnam port traffic (million tonnes)
Total Contribution of Travel and Tourism to GDP at Real 2017
Prices (US$ billion)
CAGR 7.11%
11. For updated information, please visit www.ibef.orgTourism & Hospitality11
FOREIGN ARRIVALS ARE RISING
3.90
4.40
5.10
5.30
5.20
5.80
6.30
6.60
7.00
7.40
8.00
8.80
10.18
8.36
20.00
0
5
10
15
20
25
Source: Ministry of Tourism
In CY2017, foreign tourist arrivals in India stood at 10.177 million and
reached 8.36 million in January-October 2018, achieving a growth
rate of 6.20 per cent year-on-year.
Growth in tourist arrivals has been due to flexible government
policies, developed rail & road infrastructure, ease in availability of e-
visas to foreign tourists. During January-October 2018, arrivals
through e-visa increased 44.80 per cent year-on-year to 1.80 million.
The Government of India has set a target of 20 million foreign tourist
arrivals (FTAs) by 2020 and double the foreign exchange earnings
as well.
The Government of India is working to achieve 1 per cent share in
world's international tourist arrivals by 2020 and 2 per cent share by
2025.
Visakhapatnam port traffic (million tonnes)Foreign tourists arriving in India (million)
CAGR^ 11.51%
Note: CY – Calendar Year, E- Estimated, T-Target, *up to October 2018,
12. For updated information, please visit www.ibef.orgTourism & Hospitality12
RISE IN FOREIGN EXCHANGE
10.70
11.80
11.40
14.20
16.60
17.70
18.40
20.20
21.10
23.15
27.69
23.54
0
5
10
15
20
25
30
Source: Ministry of Tourism, Economic Times
Tourism is an important source of foreign exchange in India similar
to many other countries.
During 2017, India earned foreign exchange of US$ 27.69 billion
from tourism. Foreign Exchange Earnings (FEEs) in January-
October 2018 were US$ 23.54 billion, recording a year-on-year
growth rate of 8.30 per cent.
Foreign exchange earnings (FEEs) from tourism in India witnessed
growth at a CAGR of 9.97 per cent during 2006-17.
The number of tourists from India is expected to reach 50 million by
2020, according to the World Trade Organization. This rapid
increase in outbound tourism from India is going to benefit forex
providers in the country.
Visakhapatnam port traffic (million tonnes)
Foreign Exchange Earnings from tourism in India
(US$ billion)
Note: * up to October 2018
13. For updated information, please visit www.ibef.orgTourism & Hospitality13
DOMESTIC CONSUMERS TO LEAD GROWTH
12.80%
87.20%
Domestic spending
Foreign visitor spending
Source: : World Travel & Tourism Council’s Economic Impact 2018
Domestic travel revenues are estimated at Rs US$ 186 billion in 2017 and are anticipated to further increase to US$ 405.8 billion by 2028E
Visakhapatnam port traffic (million tonnes)Share of tourists by expenditure (2017)
88.85%
11.15% Domestic spending
Foreign visitor
spending
Expected share of tourists by expenditure (2028E)
Note: E- Estimated, Update for 2018 is expected next year
14. For updated information, please visit www.ibef.orgTourism & Hospitality14
RISING REVENUES FROM LEISURE AND BUSINESS
SEGMENTS
94.6%
5.4% Leisure Spending
Business Spending
Source: World Travel & Tourism Council’s (WTTC’s) Economic Impact 2018, Aranca Research
Share of revenues from leisure travel to the total tourism revenue stood around 94.6 per cent in 2017.
Leisure travel spending reached US$ 201.7 billion in 2017 and is expected to reach US$ 432.3 billion by 2028E.
Business travel revenues were US$ 11.6 billion in 2017 and are projected to increase to US$ 24.4 billion by 2028E.
Visakhapatnam port traffic (million tonnes)Segment –wise revenue share (2017)
94.55%
5.45%
Leisure spending
Business spending
Expected segment-wise revenue share (2028E)
Note: E- Estimated, Update for 2018 is expected next year
15. For updated information, please visit www.ibef.orgTourism & Hospitality15
MAJOR COMPANIES ACROSS SEGMENTS
Source: Respective company websites
Company Segment
Revenue
(US$ millions)
Other major players
Online booking
Yatra.com, cleartrip.com,
travelocity.com, travelchacha.com, ixigo.com
Hotel ITC, Oberoi, Marriott
Tour operators SOTC, Raj Travels
Note: * - April-September 2018
448
675
241
FY17 FY18 FY19*
382 410
168
FY17 FY18 FY19*
1,373
1,771 529
FY17 FY18 FY19*
17. For updated information, please visit www.ibef.orgTourism & Hospitality17
NOTABLE TRENDS IN THE TOURISM INDUSTRY IN
INDIA
Over 70 per cent of air tickets are now being booked online in the country
A number of online travel & tour operators, which provide better prices & options to consumers, have
emerged in India
Online travel operators
Source: Incredible India, Economic Times
The widespread practice of Ayurveda, yoga, siddha & naturopathy that is complemented by the nation’s
spiritual philosophy makes India a famous wellness destination.
Wellness tourism
Government of India has estimated that India would emerge with a market size of 1.2 million cruise visitors by
2030-31. The government is planning to set up five cruise terminals in the country.
Cruises
Adventure tourism is one of the most popular segments of tourism industry. Owing to India’s enormous geo-
physical diversity, it has progressed well over the years
Part of India’s tourism policy, almost every state has definite programme to identify & promote Adventure
tourism
Adventure
Promotion of camping sites has been encouraged with adequate acknowledgement of its adverse effects on
environment
Besides providing unique rewarding experiences, responsible conduct of camping can be a major source for
both additional economic opportunities in remote areas as well as an instrument of conservation
Camping sites
India has been known as the seat of spiritualism & India’s cosmopolitan nature is best reflected in its pilgrim
centres
India has been recognised as a destination for spiritual tourism for domestic & international tourists
Spiritual tourism
18. For updated information, please visit www.ibef.orgTourism & Hospitality18
STRATEGIES ADOPTED
Source: Make in India, Company websites, Ministry of Tourism, KPMG – Expedition 3.0, VC Circle
Players are trying to ensure convenience for their customers by providing all services available on a single
portal. For example, makemytrip.com & a host of other websites provide a comprehensive basket of offerings
which include outbound & inbound travel for leisure & business trips, hotels & car booking, holiday packages
within India or abroad, etc
One stop solution
Players are opting for many channels to maximise sales & ensure convenience for their customers. For
example, Thomas Cook & Kuoni India launched their online portals to compete with others. On the other hand,
makemytrip.com is planning to go for the offline channel to complement its existing portal & has already
launched mobile apps for maximising sales.
Multiple channels
The launch of several branding & marketing initiatives by the Government of India such as Incredible India! &
Athiti Devo Bhava provides a focused impetus to growth
Branding
Indian government has also released a fresh category of visa – the medical visa or M visa, to encourage
medical tourism in India. Indian medical tourism is expected to reach USD8 billion by 2020
M-visa
Companies have started using data analytics to create a 360 degree profile of their customers.
Makemytrip has also started using AI powered chatbots. 25 per cent of its post-sales requests are now
services by these chatbots
Data Analytics and
Artificial Intelligence
20. For updated information, please visit www.ibef.orgTourism & Hospitality20
GROWTH DRIVERS FOR THE TOURISM MARKET
More than half of the Ministry of Tourism’s Plan
budget is channelised for funding the development
of destinations, circuits, mega projects as well as
rural tourism infrastructure projects.
Domestic expenditure on tourism is expected to
rise due to the growing income of households
A number of niche offerings such as medical
tourism & eco tourism are expected to create
more demand
Hotel & Tourism sector has received
cumulative FDI inflows of US$ 11.39 billion
between April 2000 and June 2018.
International hotel brands are targeting India.
Carlson group is aiming to increase the
number of its hotels in India to 170 by 2020.
Hospitality majors are entering into tie ups to penetrate
deeper into the market, such as Taj & Shangri-La entered
into a strategic alliance to improve their reach & market
share by launching loyalty programme aimed at integrating
rewarded customers of both hotels.
100 per cent FDI is allowed under the
automatic route in tourism & hospitality,
subject to applicable regulations & laws
The Government of India will develop 10
prominent sites in India into iconic tourist
destinations, as per Union Budget 2018-19.
Campaigns such as Incredible India &
Athithi Devo Bhava were launched to
harness the tourism industry’s potential
Growth drivers
Source: Make in India, DIPP, Aranca Research
21. For updated information, please visit www.ibef.orgTourism & Hospitality21
RISE IN INCOME AND CHANGING DEMOGRAPHICS
BOOSTING DEMAND
Source: International Monetary Fund, World Economic Outlook Database, April 2018
Rising incomes mean a steady growth in the ability to access
healthcare & related services
India’s GDP Per Capita at current prices is estimated to have
reached US$ 1,749.16 in 2017. It is expected to reach US$
3,273.85 by 2023, implying a compounded annual growth rate of
7.47 per cent during 2012-23.
Note: * estimates after 2013
1,481.56
1,485.60
1,610.36
1,638.76
1,749.16
1,982.70
2,134.75
2,334.14
2,538.82
2,762.31
3,006.54
3,273.85
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Visakhapatnam port traffic (million tonnes)GDP Per Capita at Current Prices* (US$)
CAGR 7.47%
22. For updated information, please visit www.ibef.orgTourism & Hospitality22
INCREASING SPENDING ON TOURISM
Domestic expenditure on tourism has grown significantly; In 2017,
it reached Rs 12.11 trillion (US$ 186.03 billion),
It is expected to reach Rs 26.43 trillion (US$ 405.84 billion),
implying a Compounded Annual Growth Rate of 7.29 per cent
between 2012-28.
131.61
139.55
149.42
163.82
179.33
186.03
199.63
405.84
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
2012 2013 2014 2015 2016 2017 2018E 2028F
Visakhapatnam port traffic (million tonnes)Domestic Expenditure on Tourism * (US$ billion)
CAGR 7.29%
Source: WTTC - Travel & Tourism Economic Impact 2018
Note: F – Forecast, E – Estimated, *at real 2017 prices converted at USD = INR 65.12
23. For updated information, please visit www.ibef.orgTourism & Hospitality23
GOVERNMENT INITIATIVES
Based on specific themes, government has identified 15 circuits which includes Krishna Circuit, Buddhist
Circuit, Himalayan Circuit, North East Circuit, Coastal Circuit, wildlife circuit & tribal circuit.
During 2018-19, a total of seven projects worth Rs 384.67 crore (US$ 54.81 million) were sanctioned under
the Swadesh Darshan scheme.
Under Budget 2018-19, the government allotted Rs 1,250 crore (US$193.08 million) for Integrated
development of tourist circuits under Swadesh Darshan and Pilgrimage Rejuvenation and Spiritual
Augmentation Drive (PRASAD).
Swadesh Darshan
Source: Union Budget, Aranca Research
National Mission on Pilgrimage Rejuvenation & Spiritual Augmentation was implemented by the Ministry for
enhancing the facilities provided & infrastructure at pilgrimage centres of all cities
In March 2018, total amount sanctioned by the Ministry of Tourism for this scheme was Rs 5638.87 crore
(US$ 868.87 million) since 2014-15.
Pilgrimage Rejuvenation
and Spiritual
Augmentation Drive
(PRASAD)
Formulation of National Tourism Policy 2015 that would encourage the citizens of India to explore their own
country as well as position the country as a ‘Must See’ destination for global travellers
Under Union Budget 2017, USD14.87 million was allocated for promotion & publicity of various programmes
& schemes of the Tourism ministry.
National Tourism Policy
2015
Statue of Sardar Vallabhbhai Patel, also known as ‘State of Unity’, was inaugurated in October 2018. It is the
highest standing statue in the world at a height of 182 metre.
It is expected to boost the tourism sector in the country and put India on the world tourism map.
Statue of Unity
24. For updated information, please visit www.ibef.orgTourism & Hospitality24
TOURISM POLICY AND INITIATIVES GIVE A BOOST TO
THE INDUSTRY… (1/2)
Source: World Travel & Tourism Council, Union Budget 2015 – 16, Aranca Research
The Ministry has set up a Hospitality Development & Promotion Board, which will monitor & facilitate hotel
project clearances/approvals
Special Boards
In March 2018, Ministry of Tourism initiated State Governments/Union Territory administrations of India to
deploy Tourist Police
In November 2018, Nagaland deployed a separate tourist police.
Tourist Police
An investment-linked deduction under Section 35 AD of the Income Tax Act is in place for establishing new
hotels in the 2-star category and above across India, thus permitting a 100 per cent deduction in respect of
the whole or any expenditure of a capital nature
Tax Incentives
Ministry of Tourism launched a 24x7 Toll Free Multilingual Tourist Infor-Helpline in 12 languages which will
provide information relating to travel in India
Ministry of Tourism issued guidelines on Safety and Security for States/UTs along wit h tips for travelers
Launched Social Media Awareness Campaign in the spirit of ‘Atithidevo Bhava’ to develop importance of
good conduct and behavior towards tourists
Initiative to conduct constant dialogue with State/UTs for drawing ideas for development and promotion of
tourism
Safety and Security
Initiatives
25. For updated information, please visit www.ibef.orgTourism & Hospitality25
TOURISM POLICY AND INITIATIVES GIVE A BOOST TO
THE INDUSTRY… (2/2)
Source: World Travel & Tourism Council, Aranca Research
Assistance in large revenue-generating projects.
Support to Public Private Partnerships in infrastructure development such as viability gap funding.
Schemes for capacity-building of service providers.
Incentives from Ministry
of Tourism
Under ‘Project Mausam’ the Government of India has proposed to establish cross cultural linkages & to revive
historic maritime cultural & economic ties with 39 Indian Ocean countries. In 2015, Government of India linked
China Silk Road project with Project Mausam.
Project Mausam
The number of tourists arriving on e-tourist visa grew 26.10 per cent year-on-year to 222,134 during the
month of October 2018.
Foreigners travelling to India on e-tourist visa will receive a BSNL SIM card which will be pre activated and
loaded with talktime and data.
E – Tourist Visa
In September 2018, first ever India Tourism Mart (ITM 2018), was organised. It was a three day event in
which all the stakeholders of the industry came together to interact and transact business.
India Tourism Mart 2018
26. For updated information, please visit www.ibef.orgTourism & Hospitality26
CONTINUED GROWTH IN INVESTMENTS IN THE
TOURISM SECTOR
33.7
23.8
28.9
33.0
31.3
32.2
35.0
34.6
36.6
47.8
95.3
0.0
20.0
40.0
60.0
80.0
100.0
120.0
Source: World Travel & Tourism Council’s Economic Impact 2018, 2017, Aranca Research
India’s tourism sector attracted capital investments of US$ 47.8 billion in
2017 and expected to reach US$ 95.3 billion by 2028.
Berggruen Hotels is planning to add around 20 properties under its mid-
market segment 'Keys Hotels' brand across India, by 2018
Hilton plans to add 18 hotels pan India by 2021, along with 15 operational
hotels under its brands namely Hampton, Hilton Garden Inn, Conrad, Hilton
Hotels & Resorts & DoubleTree by Hilton.
In 2018, Marriott International plans to add 20 more properties to its existing
portfolio of 98 hotels in India.
Louvre Hotels Group, world’s fifth largest hotel group, plans to increase its
business in India to 10-15 per cent by 2021 from 5-7 per cent, as of
September 2018.
Collective government spending in India on travel and tourism is expected to
reach Rs 367.9 billion (US$ 5.85 billion) in 2028 from Rs 169.8 billion (US$
2.81 billion) in 2017.
In September 2018, the Indian government launched the ‘Incredible India
Mobile App’ to assist the traveller to India and showcase major experiences
for travelling.
Visakhapatnam port traffic (million tonnes)Capital investments in the tourism sector (US$ billion)
CAGR 5.33%
1.67
1.76
1.88
1.97
2.31
2.61
2.89
5.65
0.00
1.00
2.00
3.00
4.00
5.00
6.00
2012 2013 2014 2015 2016 2017 2018E 2028F
Visakhapatnam port traffic (million tonnes)
Collective government spending on tourism (US$
billion)
CAGR 7.91%
Note: E – Estimated, F- Forecast
27. For updated information, please visit www.ibef.orgTourism & Hospitality27
GROWTH IN VISA ON ARRIVAL
2010
2011
2012
2013
2014
2015
2016
2017
6,594
12,761
16,084
20,294
39,048
4,45,300
1079696
16,97,175
0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
1800000
2010 2011 2012 2013 2014 2015 2016 2017
Source: Ministry of Tourism, Aranca Research
In June 2016, the Indian government approved 150 countries under
the Visa on Arrival scheme to attract additional foreign tourists.
Tourist Arrivals through Visa on Arrival increased at a CAGR of
120.99 per cent during 2010-17 to reach 1,697,175 tourists in 2017.
Indian government has also released a fresh category of visa – the
medical visa or M visa, to encourage medical tourism in India.
Foreign tourist arrivals for medical purpose increased from 427,014
in 2016 to 495,056 in 2017(P).
Visakhapatnam port traffic (million tonnes)Growth in visa on arrival
CAGR 120.99%
Note: P- Provisional
29. For updated information, please visit www.ibef.orgTourism & Hospitality29
NICHE SEGMENTS OFFER GOOD OPPORTUNITIES
The presence of world-class
hospitals & skilled medical
professionals makes India a
preferred destination for
medical tourism
India’s earnings from medical
tourism could exceed US$ 9
billion by 2020
Tour operators are teaming up
with hospitals to tap this
market
Foreign tourist arrivals for
medical purpose increased
from 427,014 in 2016 to
495,056 in 2017(P).
Medical tourism
Cruise shipping is one of the
most dynamic & fastest
growing segments of the global
leisure industry
Government of India has
estimated that India would
emerge with a market size of
1.2 million cruise visitors by
2030 – 31
Moreover, India is looking to
take advantage of its 7,500Km
coastline to tap growth
potential of the cruise tourism
segment.
The construction of cruise
terminal in Chennai was
started in April 2018.
The cruise terminal in Mumbai
has been allocated Rs 1,000
crore (US$ 155.55 million).
India is also expected to
receive around 950 cruise
liners annually by 2022.
Cruise tourism
The potential for the
development of rural tourism in
India is high as most of its
population resides in rural
areas
This can benefit the local
community economically &
socially, and facilitate
interaction between tourists &
locals for a mutually enriching
experience
Rural tourism
India is often termed as
hotspot of bio-diversity & this
rich natural heritage is
unparalleled in many ways.
Such valuable resource base
gives impetus for the practice
of variety of alternate tourism
forms & many of which are
already in existence.
For example: The national
parks, wildlife sanctuaries &
biosphere reserves
Ecotourism
Source: Ministry of Tourism, BMI, Aranca Research
30. For updated information, please visit www.ibef.orgTourism & Hospitality30
LEADING STATES/UTs IN TERMS OF TOURISTS
Note: All the figures of tourist arrivals are Provisional
Uttar Pradesh – Attracted 237.53 million total tourists (14.14
per cent) in 2017
Domestic Tourists: 233.98 million
Foreign Tourists: 3.56 million
Major attractions – Taj Mahal, Agra Fort, Fatehpur Sikri &
Sarnath
Karnataka – Attracted 180.48 million
total tourists (10.75 per cent) in 2017
Domestic Tourists: 179.98 million
Foreign Tourists: 0.50 million
Major attractions - Mysore Palace,
Hampi, Coorg, Jog falls
Maharashtra – Attracted 124.27
million total tourists (7.40 per cent) in
2017
Domestic Tourists: 119.19 million
Foreign Tourists: 5.08 million
Major attractions – Ajanta & Ellora
Caves, Shirdi, Ashtavinayak &
Matheran
Source: Ministry of Tourism
Tamil Nadu – Attracted 349.92 million total tourists (20.84 per
cent) in 2017
Domestic Tourists: 345.06 million
Foreign Tourists: 4.86 million
Major attractions – Meenakshi Temple, Brihadeeswarar Temple,
Yelagiri Hills, Hogenakkal Falls & Vivekananda Memorial
Andhra Pradesh – Attracted 165.71 million
total tourists (9.87 per cent) in 2017
Domestic Tourists: 165.43 million
Foreign Tourists: 0.27 million
31. For updated information, please visit www.ibef.orgTourism & Hospitality31
AIRLINES INDUSTRY SET TO FLY HIGHER
Growth in low-cost airlines is expected to lower tourism costs & increase domestic spending on tourism. Low
cost flights under the Ude Desh ka Aam Naagrik (UDAN) scheme are expected to connect under served
regions in the country and promote domestic tourism.
Low-cost airlines
Source: World Travel & Tourism Council, Aranca Research
The market is likely to become more competitive due to the entry of an increasing number of international
flight operators expected to offer improved services to tourists. JVs such as Air Asia and Tata SIA are
beginning services in India and can provide better services
Some new players that have entered the country are Etihad & Vistara.
Increase in international
flight operators
The Airports Authority of India aims to start operating 250 airports across the country by 2020. As of May
2018, there were 100 operational airports in India.
Increasing number of
airports
In the Union Budget 2018-19, the government has proposed to develop 10 prominent sites into iconic tourist
destinations.
Higher investments
In October 2018, domestic air traffic in India recorded a double digit growth for 50th consecutive month. It
increased 15 per cent year-on-year in October 2018. International air traffic of India has more than doubled in
a decade to reach 65.47 million in 2017-18. By 2020, passenger traffic at Indian airports is expected to
increase to 450 million people.
Higher passenger traffic
33. For updated information, please visit www.ibef.orgTourism & Hospitality33
INDUSTRY ORGANISATIONS
Visakhapatnam port traffic (million tonnes)
Federation of Hotel & Restaurant Associations of India
(FHRAI)
Hotel Association of India (HAI)
Address: B 212–214
Som Dutt Chamber-I,
Bhikaji Cama Place,
New Delhi – 110 066
Phone: 91-11-2617 1110/14
Fax: 91-11-2617 1115
Address: B-82, 8th Floor, Himalaya House,
23, Kasturba Gandhi Marg,
New Delhi – 110001
Phone: 91-11- 40780780
Fax: 91-11- 40780777
35. For updated information, please visit www.ibef.orgTourism & Hospitality35
GLOSSARY
Direct contribution: Spending on accommodation, transportation, attractions and entertainment
Indirect contribution: Travel and tourism investment spending, and government collective travel and tourism spending
Induced contribution: Spending of direct and indirect employees
GOI: Government of India
CAGR: Compound Annual Growth Rate
INR: Indian Rupee
USD: US Dollar
Wherever applicable, numbers have been rounded off to the nearest whole number
36. For updated information, please visit www.ibef.orgTourism & Hospitality36
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
37. For updated information, please visit www.ibef.orgTourism & Hospitality37
DISCLAIMER
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This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
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