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:
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.
- 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 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
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 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 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 contributed $91.27 billion to GDP in 2017 and is projected to contribute $194.69 billion by 2028, growing at a CAGR of 7.23%.
- Foreign tourist arrivals in India grew from 10.18 million in 2017 to 10.55 million in 2018, a 5.2% increase year-over-year.
- The government has implemented various reforms like e-visas to boost tourism, with arrivals through e-visas increasing 39.6% in 2018 to 2.37 million.
- The sector employs over 81 million people
India's tourism and hospitality sector has been growing steadily and contributing more to the country's GDP each year. Some key points:
- The sector's direct contribution to GDP was Rs. 5.94 trillion (US$ 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:
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.
- 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 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
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 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 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 contributed $91.27 billion to GDP in 2017 and is projected to contribute $194.69 billion by 2028, growing at a CAGR of 7.23%.
- Foreign tourist arrivals in India grew from 10.18 million in 2017 to 10.55 million in 2018, a 5.2% increase year-over-year.
- The government has implemented various reforms like e-visas to boost tourism, with arrivals through e-visas increasing 39.6% in 2018 to 2.37 million.
- The sector employs over 81 million people
India's tourism and hospitality sector has been growing steadily and contributing more to the country's GDP each year. Some key points:
- The sector's direct contribution to GDP was Rs. 5.94 trillion (US$ 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. 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:
- 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 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.
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.
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.
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 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.
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 $203.3 billion by 2026, outpacing growth in revenues from foreign
India has 28 world heritage sites and 25 bio-geographic zones. The country’s big coastline provides a number of attractive beaches, diverse offerings such as adventure, rural and wildlife tourism.
India ranked 12th among 184 countries in terms of travel & tourism’s total contribution to Gross Domestic Product (GDP) in 2012. The sector’s direct contribution to GDP totalled US$ 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.
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.
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
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
Incredible India: An overview of the Indian tourism industry.Devas Agarwal
The document discusses India's growing tourism industry. It provides statistics showing increases in foreign tourist arrivals, tourism revenues, and the industry's contribution to GDP between 2010-2015. Government initiatives like e-visa schemes and visa on arrival have led to large growth. Key drivers of growth are increasing domestic tourism expenditures and a shift to domestic travelers accounting for most tourism revenues. The "Incredible India" marketing campaign has been very successful in promoting tourism and increasing India's brand value internationally.
Growth and development of indian tourism and ministry of tourismKalyan S Patil
The Indian tourism and hospitality industry has significant growth potential and is a major employment generator. It is expected to generate over 13 million jobs. The government has implemented several initiatives to boost tourism such as increasing the number of countries under the e-visa scheme, approving infrastructure projects, and organizing tourism investment summits. Foreign tourist arrivals and earnings have grown in recent years, supported by India's rising middle class. The Ministry of Tourism is the nodal agency that facilitates tourism growth through various policies, planning, promotion, and coordination activities.
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.
The document provides an overview of India's tourism sector, including its present situation and future outlook. Currently, tourism accounts for approximately 6% of India's GDP and has maintained this share over the past few years. India's tourism sector is among the top 5 largest and fastest growing in emerging economies globally. Domestic tourist visits comprise 98% of total visits and have grown at 15% annually in recent years. Key segments include business travel at 40% and leisure travel also at 40%. Infrastructure development is cited as the top area for improvement according to tourist satisfaction surveys. The future outlook is positive - tourism is forecast to grow at around 7% annually through 2024, making it one of the fastest growing sectors in India. Rising incomes and
This document discusses India's inbound tourism potential and opportunities for growth. It notes that India has emerged as a tourism powerhouse in recent years as the 8th largest country in terms of travel and tourism GDP contributions. Inbound tourism involves people traveling to a country other than their own for tourism purposes, and many countries rely on it. India is rich in religious sites, culture, heritage sites for Hinduism, Buddhism, and Jainism that attract religious pilgrims. Inbound tourism is important for India's development as it generates government revenue, improves infrastructure, and provides employment. It is also an opportunity for growth as it spreads tourism spending throughout the year and exposes India's offerings to a global audience through marketing networks. States like Raj
Tourism is an important industry in India, generating employment and foreign exchange. It is the second highest foreign exchange earner. The government supports the industry through policies promoting infrastructure development and foreign investment. Popular tourist attractions in India include heritage sites, beaches, wellness activities like yoga and Ayurveda, and cultural events. The tourism industry is growing and expected to become one of the fastest growing economies based on foreign arrivals and spending.
The document summarizes tourism's role in the Indian economy. It notes that tourism contributes substantially to India's GDP and employment. The number of foreign tourists visiting India grew 24% in 2004 to over 3 million. Tourism is linked to many other industries like transportation, real estate, and handicrafts. While tourism benefits the economy, some money spent on tourism "leaks" out of India when the country imports goods or foreign investors are involved. The government is taking steps to promote tourism through improved infrastructure and marketing.
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$27.693 billion and tourist arrivals through e-visas grew 57.2% in 2017.
- The sector contributes significantly to India's GDP and employment. Its direct contribution to GDP is expected to grow 7.1% annually until 2028.
- The government has implemented several reforms like e-visas and campaigns to promote medical and wellness tourism to attract more tourists.
The document provides an overview of recent trends and strategies in India's tourism and hospitality industry. Some key points include:
- Online travel operators have emerged as over 70% of air tickets are now booked online. Wellness tourism is also growing due to India's spiritual traditions.
- The government aims to develop cruise tourism with five new cruise terminals planned by 2030. Adventure tourism is being promoted across many states.
- Camping sites are being promoted responsibly to boost remote economies and conservation. Pilgrimage tourism remains an important segment due to India's spiritual heritage.
The document provides an overview of the tourism and hospitality sector in India. It discusses recent trends like the growth in e-visa issuance, India's ranking in travel and tourism contribution to GDP, rising foreign exchange earnings, and employment generation in the sector. The key growth drivers for tourism include medical tourism, infrastructure developments, various state initiatives, and emerging segments like wellness, adventure, and spiritual tourism. The government has implemented several policies to promote tourism and attract more foreign and domestic visitors.
The document provides an overview of the tourism and hospitality sector in India. Some key points:
- India's foreign exchange earnings from tourism increased 19.7% year-over-year during January-August 2017 to US$ 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 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.
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.
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.
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 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.
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 $203.3 billion by 2026, outpacing growth in revenues from foreign
India has 28 world heritage sites and 25 bio-geographic zones. The country’s big coastline provides a number of attractive beaches, diverse offerings such as adventure, rural and wildlife tourism.
India ranked 12th among 184 countries in terms of travel & tourism’s total contribution to Gross Domestic Product (GDP) in 2012. The sector’s direct contribution to GDP totalled US$ 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.
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.
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
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
Incredible India: An overview of the Indian tourism industry.Devas Agarwal
The document discusses India's growing tourism industry. It provides statistics showing increases in foreign tourist arrivals, tourism revenues, and the industry's contribution to GDP between 2010-2015. Government initiatives like e-visa schemes and visa on arrival have led to large growth. Key drivers of growth are increasing domestic tourism expenditures and a shift to domestic travelers accounting for most tourism revenues. The "Incredible India" marketing campaign has been very successful in promoting tourism and increasing India's brand value internationally.
Growth and development of indian tourism and ministry of tourismKalyan S Patil
The Indian tourism and hospitality industry has significant growth potential and is a major employment generator. It is expected to generate over 13 million jobs. The government has implemented several initiatives to boost tourism such as increasing the number of countries under the e-visa scheme, approving infrastructure projects, and organizing tourism investment summits. Foreign tourist arrivals and earnings have grown in recent years, supported by India's rising middle class. The Ministry of Tourism is the nodal agency that facilitates tourism growth through various policies, planning, promotion, and coordination activities.
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.
The document provides an overview of India's tourism sector, including its present situation and future outlook. Currently, tourism accounts for approximately 6% of India's GDP and has maintained this share over the past few years. India's tourism sector is among the top 5 largest and fastest growing in emerging economies globally. Domestic tourist visits comprise 98% of total visits and have grown at 15% annually in recent years. Key segments include business travel at 40% and leisure travel also at 40%. Infrastructure development is cited as the top area for improvement according to tourist satisfaction surveys. The future outlook is positive - tourism is forecast to grow at around 7% annually through 2024, making it one of the fastest growing sectors in India. Rising incomes and
This document discusses India's inbound tourism potential and opportunities for growth. It notes that India has emerged as a tourism powerhouse in recent years as the 8th largest country in terms of travel and tourism GDP contributions. Inbound tourism involves people traveling to a country other than their own for tourism purposes, and many countries rely on it. India is rich in religious sites, culture, heritage sites for Hinduism, Buddhism, and Jainism that attract religious pilgrims. Inbound tourism is important for India's development as it generates government revenue, improves infrastructure, and provides employment. It is also an opportunity for growth as it spreads tourism spending throughout the year and exposes India's offerings to a global audience through marketing networks. States like Raj
Tourism is an important industry in India, generating employment and foreign exchange. It is the second highest foreign exchange earner. The government supports the industry through policies promoting infrastructure development and foreign investment. Popular tourist attractions in India include heritage sites, beaches, wellness activities like yoga and Ayurveda, and cultural events. The tourism industry is growing and expected to become one of the fastest growing economies based on foreign arrivals and spending.
The document summarizes tourism's role in the Indian economy. It notes that tourism contributes substantially to India's GDP and employment. The number of foreign tourists visiting India grew 24% in 2004 to over 3 million. Tourism is linked to many other industries like transportation, real estate, and handicrafts. While tourism benefits the economy, some money spent on tourism "leaks" out of India when the country imports goods or foreign investors are involved. The government is taking steps to promote tourism through improved infrastructure and marketing.
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 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 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 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 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 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 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.
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.
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.
Highlights of National Tourism Policy of India 2015AMITYAITTKOLKATA
Submitted as an assignment for "Tourism Policy and Planning Framework" paper (M.A. Tourism Administration, 1st semester, Amity Institute of Travel and Tourism, Amity University Kolkata)
The document discusses tourism in India. It notes that tourism is India's largest service industry, contributing over 6% to GDP. India receives over 5 million foreign tourists annually as well as 562 million domestic visits. Tourism generated $100 billion in 2008 and is expected to grow to $275.5 billion by 2018. The types of tourism discussed include domestic, inbound, and outbound tourism. Marketing of tourism in India focuses on trust and delivering value given the intangible nature of tourism services. The top tourist destinations and states in India are also outlined.
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.
This document outlines a presentation on tourism in India. It begins with the vision, mission, and objectives of increasing tourism in India. It then analyzes where India currently stands in tourism and where it wants to be by 2025. A SWOT analysis identifies strengths like geography and climate, as well as weaknesses in infrastructure and security. External factors like resources, competition and trends are examined. Market segmentation, value chain analysis, and opportunities in areas like medical and adventure tourism are also discussed. The presentation provides an overview of India's tourism industry and plans for its future development.
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 provides an analysis of the hospitality industry in India. It begins with an overview of the history and growth of the hospitality industry in India. It then categorizes players in the industry based on location, size, level of service, length of stay, theme, target market, and room types. Specific Indian companies like ITC, EIH, IHCL, and OYO are analyzed. Tools like PESTAL, SWOT, Porter's Five Forces, and value chain analyses are applied to the hotel industry. Challenges faced by hotels and frameworks like BCG matrix and McKinsey matrix are discussed. The document concludes with references.
Cultural tourism has significant benefits for economic growth by drawing tourists through cultural attractions and events, exposing visitors to local culture in order to make places frequent destinations. Tourists enjoy exploring new cultures, so showcasing a country's culture through events satisfies this interest while strengthening cultural exchanges between hosts and guests. However, cultural tourism must also consider addressing lingering cultural misconceptions in order to maximize its potential for connecting cultures across borders.
Culture and tourism have a mutually beneficial relationship that can strengthen regions and make them more attractive and competitive. Tourism provides income to support cultural heritage and creativity, while culture enhances tourism. India has seen rapid growth in tourism, generating 9.2% of GDP in 2018. India offers cultural diversity and heritage, with 38 UNESCO World Heritage sites. The government is working to promote niche tourism products and improve infrastructure to further boost the tourism sector.
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.
Similar to Tourism and Hospitality Sector Report - February 2018 (19)
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.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
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.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
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.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
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.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
2. Table of Content
Executive Summary……………….….…….3
Advantage India…………………..….……..4
Market Overview …………………….……..6
Recent Trends and Strategies…………....18
Growth Drivers…………………….............21
Opportunities…….……….......……………30
Industry Associations……………....……...38
Success Stories……………....……………34
Useful Information……….......…………….40
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, with arrivals through e-visa increasing 57.2
per cent to 1.697 million during CY 2017.
New Visa Reforms
Source: World Travel & Tourism Council’s (WTTC’s) Economic Impact 2017, Ministry of Tourism
India ranked 3rd among 184 countries in terms of travel & tourism’s total contribution to GDP in 2016. India’s
foreign exchange earnings (FEEs) from tourism increased by 20.8 per cent during CY 2017 to reach US$
27.693 billion.
In India, the sector’s direct contribution to GDP is expected to grow by 7.9 per cent per annum during 2016–26
Contribution to GDP
above world average
Travel & tourism’s contribution to capital investment is projected to grow 6.3 per cent per annum during 2016–
26, higher than the global average of 4.5 per cent
Higher investments
The travel & tourism sector in India accounted for 9.3 per cent of the total employment opportunities generated in
the country in 2016, providing employment to around 40.3 million people during the same year. The number is
expected to rise by 2 per cent annum to 46.42 million jobs by 2026
Creating higher
employment
Contribution of visitor exports to total exports is estimated to increase 7.2 per cent per annum during 2016–
2026 compared to the world average of 4.3 per cent
Increasing visitor
exports
Note: 1Calendar Year
5. For updated information, please visit www.ibef.orgTourism & Hospitality5
ADVANTAGE INDIA
Foreign tourist arrivals expected to increase at a
CAGR of 7 per cent over 2005–25.
By 2020, medical tourism industry of India is
expected to touch US$ 9 billion.
10.177 million foreign tourists visited India in CY
2017, witnessing increase of 15.6 per cent from CY
2016.
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
The Visa on Arrival scheme was extended
to 150 countries in 2015
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, 13
thematic circuits in the country have been
selected for development of tourism
infrastructure.
ADVANTAGE
INDIA
Source: WTTC, Ministry of Finance, Aranca Research
Notes: F stands for Forecasts, WTTC – World Travel and Tourism Council, Market size forecasts by WTTC, F-Forecast
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 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
The government has undertaken various marketing
initiatives to attract tourists
The National Medical & Wellness Tourism Promotion
Board formed in 2015.
12 Institutes of Hospitality Management sanctioned
in north-east states in August 2016.
E – tourist visa launched and 1.697 million tourists
arrived in India in 2017 through these visa.
Travel and Tourism sector accounted for 9.3 per cent
of employment opportunities in India.
Pre-1990 1990–2000
2005 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 2016, 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 … (1/2)
18
25
24
26
31
31
36
40.1
40.6
42.8
71.7
76.6
148.2
0
20
40
60
80
100
120
140
160
Source: World Travel & Tourism Council’s Economic Impact 2017,
News Article, Aranca Research
Tourism in India accounts for 9.6 per cent of the GDP & is the 3rd
largest foreign exchange earner for the country
The tourism & hospitality sector’s direct contribution to GDP in 2016,
was US$ 71.7 billion. This is expected to rise by 6.9 per cent to US$
76.6 billion in 2017.
During 2006–17E, direct contribution of tourism & hospitality to GDP
is estimated to have registered a CAGR of 14.05 per cent
The direct contribution of travel & tourism to GDP is expected to
reach US$ 148.2 billion by 2027
Visakhapatnam port traffic (million tonnes)
Direct contribution of tourism and hospitality to GDP
(USD billion)
CAGR 14.05%
Notes: CAGR – Compound Annual Growth Rate,
E - Estimates, GDP stands for Gross Domestic Product,
The definition of direct, indirect and induced contribution is specified in the Glossary on Slide 41
11. For updated information, please visit www.ibef.orgTourism & Hospitality11
RISING CONTRIBUTION TO INDIA’S GDP … (2/2)
88
82
89
103
105
116
122.1
126.8
147.7
208.5
239.4
455.9
0
50
100
150
200
250
300
350
400
450
500
Source: World Travel & Tourism Council’s Economic Impact 2017, News Article
The sector’s total contribution to GDP stood at US$ 208.9 billion (9.6
per cent of GDP) in 2016 and is forecast to rise by 6.7 per cent in
2017, and to rise by 6.7 per cent pa to Rs 28,491.8 billion (US$
424.5 billion), 10 per cent of GDP in 2027.
In December 2017, the country earned foreign exchange of around
US$ 3.038 billion, from the tourism sector.
Visakhapatnam port traffic (million tonnes)Travel and tourism’s total contribution to GDP (USD billion)
CAGR 9.72%
Note: The definition of direct, indirect and induced contribution is specified in the glossary
12. For updated information, please visit www.ibef.orgTourism & Hospitality12
FOREIGN ARRIVALS ARE RISING … (1/2)
3.9
4.4
5.1
5.3
5.2
5.8
6.3
6.6
7
7.4
8.0
8.8
10.2
17.3
0
2
4
6
8
10
12
14
16
18
20
Source: World Travel & Tourism Council’s Economic Impact 2015, Ministry of Tourism
In CY 2017, foreign tourist arrival in India stood at 10.177 million.
Foreign tourist arrivals into the country is forecast to increase at a
CAGR of 7.1 per cent during 2005–25
India is expected to attract 17.3 million international tourist arrivals by
2027.
Growth in tourist arrivals has been due to flexible government
policies, developed rail & road infrastructure, ease in availability of e-
visas to foreign tourists.
The number of Foreign Tourist Arrivals (FTAs) in December 2017
were 1,176,000 as compared to FTAs of 1,021,000 in December
2016 and 913,000 in December 2015.
The growth rate in FTAs in December 2017 over December 2016
was 15.2 per cent.
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.
Visakhapatnam port traffic (million tonnes)Foreign tourists arriving in India (million)
CAGR 7.1%
Source: CY – Calendar Year, E- Estimated
13. For updated information, please visit www.ibef.orgTourism & Hospitality13
FOREIGN ARRIVALS ARE RISING … (2/2)
8.6
10.7
11.8
11.4
14.2
16.6
17.7
18.4
20.2
21.1
23.2
27.7
0
5
10
15
20
25
30
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: Ministry of Tourism
During 2017, India has earned foreign exchange of US$ 27.693
billion from tourism.
Foreign exchange earnings from tourism in India witnessed growth at
a CAGR of 10.4 per cent during 2006-17
In FY16, foreign exchange earnings from the tourism sector stood at
US$23.15 billion
Foreign exchange earnings (FEEs) in December 2017 were
US$ 3.038 billion as compared to US$ 2.439 billion in December
2016 and US$ 2.126 billion in November 2015.
The year-on-year growth rate in FEEs in December 2017 was 24.6
per cent, compared to 14.7 per cent in December 2016.
Visakhapatnam port traffic (million tonnes)
Foreign exchange earnings from tourism in India
(USD billion)
14. For updated information, please visit www.ibef.orgTourism & Hospitality14
MAJOR COMPANIES ACROSS SEGMENTS
Source: Respective company websites
Company Segment
Revenue
(USD millions)
Other major players
Online booking
Yatra.com, cleartrip.com,
travelocity.com, travelchacha.com, ixigo.com
Hotel ITC, Oberoi, Marriott
Airlines(1) SpiceJet, Indigo, Indian Airlines
Tour operators SOTC, Raj Travels
Note: (1) Highlights revenues are in billion
139 169
274
FY15 FY16 FY17
335
354
365
FY15 FY16 FY17
2.9
3.3
3.4
FY15 FY16 FY17
71.1
83.1
59.9
FY14 FY15 FY16
15. For updated information, please visit www.ibef.orgTourism & Hospitality15
DOMESTIC CONSUMERS TO LEAD GROWTH
12%
88%
Domestic spending
Foreign visitor spending
Source: : World Travel & Tourism Council’s Economic Impact 2016, Aranca Research
Domestic travel revenues are estimated at US$ 183.48 billion in
2016 are anticipated to further increase to US$ 203.3 billion by 2026
Revenues earned from foreign visitors are estimated at US$ 25.02
billion in 2016 & are projected to further increase to US$ 40.11 billion
by 2026
Indian travellers booked 52 per cent more trips in the 3rd quarter of
2016 as compared to last year.
Out of total Indian travellers, in 2016,17 per cent people were in the
age bracket 18-24 years, compared to 12 per cent in the previous
year, which was mainly due to the increasing usage of smartphones
by the young travellers
India’s state-of-the-art high-speed 15 coach train Tejas Express
made its 1st run on 22nd May 2017, from Mumbai to North Goa. It
covered a distance of 579 kms in 8.5 hours. The train has 2 classes -
Executive Chair Car & Chair Car. It is equipped with facilities like
automatic doors, secured gangways, Wi-Fi, LCD screens,
magazines, tea-coffee vending machines, bio-toilets, etc. At the time
of booking, the passengers will have a choice to opt for on-board
catering services, which will not be compulsory like in Shatabdi
Visakhapatnam port traffic (million tonnes)Share of tourists by expenditure (2016)
16.50%
83.50%
Domestic spending
Foreign visitor spending
Expected share of tourists by expenditure (2026)
Source: E- Estimated
16. For updated information, please visit www.ibef.orgTourism & Hospitality16
RISING REVENUES FROM LEISURE AND BUSINESS
SEGMENTS
5%
95%
Domestic spending
Foreign visitor spending
Source: : World Travel & Tourism Council’s Economic Impact 2016, Aranca Research
Share of revenues from leisure travel to the total tourism revenue
stood around 94.6 per cent in 2016.
Leisure travel spending reached Rs 12,079 billion (US$ 179.7 billion)
in 2016 and is expected to reach Rs 12,910 billion (US$ 196.41)
billion in 2017 and US$ 386.3 billion by 2027
Business travel revenues were Rs 689 billion (US$ 10.25 billion) in
2016 & are projected to increase to Rs 726.6 billion (US$ 11.1)
billion by 2017 and US$ 23.3 billion by 2027
Visakhapatnam port traffic (million tonnes)Segment –wise revenue share (2016 E)
16.40%
83.60%
Leisure spending
Business spending
Expected segment-wise revenue share (2026)
Note: E- Estimated
17. For updated information, please visit www.ibef.orgTourism & Hospitality17
Porter’s Five Forces Framework Analysis
Medium - There is the threat of
forward integration; for instance, the
airline starts selling directly to
customers
The cost of switching suppliers is low
Bargaining Power of Suppliers
Low - Threat of substitute products is
minimal as no substitutes are
available in the market
Threat of Substitutes
High - The Indian hospitality sector is
highly fragmented with a large
number of small and unorganised
players; this increases competition
Customers’ low switching cost and
price sensitivity are increasing
competition among players
Competitive Rivalry
Medium - Entry is easy as it is not
capital intensive, but a player needs
to achieve economies of scale and
access to distribution channel to
compete
Threat of New Entrants
High - Low switching cost gives
customer high bargaining power
Customers are price sensitive and
have information about the services
being provided
Bargaining Power of Buyers
Positive Impact
Neutral Impact
Negative Impact
Source: Aranca Research
19. For updated information, please visit www.ibef.orgTourism & Hospitality19
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
20. For updated information, please visit www.ibef.orgTourism & Hospitality20
STRATEGIES ADOPTED
Players are using innovative marketing strategies to succeed in this sector. For example:
• The Goa Tourism Development Corporation (GTDC) is planning to organise familiarisation trips or “fam” trips
for international tour operators to showcase Goa as a tourist destination. It has also planned to promote Goa in
international markets through the print & electronic media. Benefits such as such as priority reservation &
Indian rail pass for train travel are also being extended to foreign tourists
• Incredible India 2.0 campaign and ‘Adopt a Heritage’ were launched in September 2017. A digital calendar for
Incredible India was launched by the Ministry of Tourism in January 2018.
Marketing strategy
Source: Make in India, Company websites, Aranca Research, Ministry of Tourism
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
In November 2017, a total of 214,000 foreign tourists arrived on e-Tourist Visa, in comparison with 137,000
foreign tourists in October 2016, registering a growth of 56.2 per cent over previous year.
E – Tourist Visa
22. For updated information, please visit www.ibef.orgTourism & Hospitality22
GROWTH DRIVERS FOR THE TOURISM MARKET
More than half of the Ministry of Tourism’s Plan
budget is channelized 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$ 10.6 billion
from April 2000 to September 2017.
International hotel brands are targeting India
.e.g. 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
23. For updated information, please visit www.ibef.orgTourism & Hospitality23
RISE IN INCOME AND CHANGING DEMOGRAPHICS
BOOSTING DEMAND
1430.2
1552.5
1514.8
1504.5
1600.9
1617.3
1747.5
1874.9
2026.7
2207.6
0.0
500.0
1000.0
1500.0
2000.0
2500.0
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17E
FY18F
FY19F
Source: IMF, Aranca Research
Rising incomes mean a steady growth in the ability to
access healthcare & related services
Per capita income is expected to increase at a CAGR of
7.33 per cent over 2014–18
According to IMF, nominal per capita income in the
country is estimated to increase at a CAGR of 4.94 per
cent during 2010-19
Visakhapatnam port traffic (million tonnes)Per capita income in India
Note: E – Estimated, F- Forecast
24. For updated information, please visit www.ibef.orgTourism & Hospitality24
INCREASING SPENDING ON TOURISM
62.9
58.6
66.1
79.7
89.7
85.7
89
96.70
167.17
193.38
383.09
0
50
100
150
200
250
300
350
400
450
Source: WTTC - Travel & Tourism Economic Impact 2017, Aranca Research
Visakhapatnam port traffic (million tonnes)Domestic expenditure on tourism (USD billion)
CAGR 13.00%
Domestic expenditure on tourism has grown significantly; In 2016,
the market reached Rs 11,239 billion (US$ 167.2 billion),
representing growth at a CAGR of 13 per cent during 2008–16,
which is anticipated to increase to Rs 12,024 billion (US$ 182.9
billion) in 2017 and is expected to reach Rs 23,943 billion (US$
364.3) billion by 2027.
Note: F – Forecast, E – Estimated
25. For updated information, please visit www.ibef.orgTourism & Hospitality25
GOVERNMENT INITIATIVES
Based on specific themes, government has identified 13 circuits which includes Krishna Circuit, Buddhist Circuit,
Himalayan Circuit, North East Circuit & Coastal Circuit
Tajmahotsav: the 10 day celebration provide a platform to experience India’s arts, craft, culture, cuisine, dance &
music.
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 2015 – 16, 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
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
Under Union Budget 2017-18, the government allocated USD15.25 million for development of Umiam Lake-
Ulum Sohpetbneng-Mawdiangdiang under North East Circuit of Swadesh Darshan Scheme & USD11.53
million for development of Buddhist sites of MP (Mandsaur- Dhar- Sanchi- Satna- Rewa)
Tourism Projects
26. For updated information, please visit www.ibef.orgTourism & Hospitality26
TOURISM POLICY AND INITIATIVES GIVE A BOOST TO
THE INDUSTRY
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
The Ministry, in consultation with state/UT administrations, has proposed to employ tourist police at prominent
tourist spots
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
27. For updated information, please visit www.ibef.orgTourism & Hospitality27
TOURISM POLICY AND INITIATIVES GIVE A BOOST TO
THE INDUSTRY
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
Since April 2017, the facility has been made available to citizen 161 countries.
Year-on-year growth of 48.3 per cent was registered during the month of December 2017, as a total of
241,000 tourists arrived in India on E – Tourist Visas.
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
28. For updated information, please visit www.ibef.orgTourism & Hospitality28
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
38.2
66.4
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
Source: World Travel & Tourism Council’s Economic Impact 2015, Aranca Research
India’s tourism sector attracted capital investments of Rs 2,284.9 billion
which was 5.7 per cent of total investment (US$ 34 billion) received during
2016. They are expected to grow by 5.7 per cent over the upcoming 10
years.
International hotel chains are increasing their presence in the country, as it
will account for around 47 per cent share in the Tourism & Hospitality sector
of India by 2020 & 50 per cent by 2022, increasing from 44 per cent in 2016.
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..
Visakhapatnam port traffic (million tonnes)Capital investments in the tourism sector (US$ billion)
Government’s collective spending on tourism & hospitality sector, in 2016
stood at around US$ 2.4 billion
The government’s collective spending is expected to increase to Rs 320.1
billion (US$ 4.87 billion) by 2027.
In December 2017, the World Bank agreed to provide US$ 40 million for the
development of tourism facilities in Uttar Pradesh.
CAGR 3.63%
1.3
1.3
1.5
1.9
2.1
2.1
2.1
2.4
2.4
2.5
4.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Visakhapatnam port traffic (million tonnes)
Collective government spending on tourism (US$
billion)
CAGR 7.46%
Note: E – Estimated, F- Forecast
29. For updated information, please visit www.ibef.orgTourism & Hospitality29
GROWTH IN VISA ON ARRIVAL
2010
2011
2012
2013
2014
2015
2016
6,594
12,761
16,084
20,294
39,048
4,45,300
1079696
0
200000
400000
600000
800000
1000000
1200000
2010 2011 2012 2013 2014 2015 2016
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.
The Visa on Arrival scheme registered an average growth of 133.90
per cent over 2010–16
Indian government has also released a fresh category of visa – the
medical visa or M visa, to encourage medical tourism in India
Visakhapatnam port traffic (million tonnes)Growth in visa on arrival
CAGR 133.90%
31. For updated information, please visit www.ibef.orgTourism & Hospitality31
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
201 thousand medical tourists
arrived in India in the 2016 as
compared to 134 thousand in
2015.
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 is
expected to be finished by
March 2018, with the first
arrival planned in April.
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
32. For updated information, please visit www.ibef.orgTourism & Hospitality32
LEADING STATES/UTs IN TERMS OF FOREIGN
TOURISTS
Note: As per latest data available
Tamil Nadu – Attracted 20.1 per cent of total domestic visits in
India in 2016.
Major cities to visit – Chennai, Coimbatore, Kanyakumari,
Madurai, Ooty, Rameswaram & Salem
Major attractions – Meenakshi Temple, Brihadeeswarar Temple,
Yelagiri Hills, Hogenakkal Falls & Vivekananda Memorial
Uttar Pradesh – Attracted 13.9 per cent of domestic tourist
visits in 2016.
Major cities to visit – Agra, Allahabad, Ayodhya, Lucknow,
Fatehpur, Meerut and Varanasi
Major attractions – Taj Mahal, Agra Fort, Fatehpur Sikri &
Sarnath
Delhi – Attracted 28.69 per cent of
foreign tourists visiting India in
September 2017 and
Major attractions – Qutub Minar, Red
Fort, Humayun’s Tomb, India Gate,
Jantar Mantar & Jama Masjid
Maharashtra – Attracted 6.9 per cent
of foreign tourists visiting India in 2016
Major cities to visit – Amravati,
Kolhapur, Mumbai & Nashik
Major attractions – Ajanta & Ellora
Caves, Shirdi, Ashtavinayak &
Matheran
West Bengal – Attracted 4.5 per cent of
domestic tourist visits in 2016.
Major attractions – Victoria Memorial,
Sunderbans, Cooch Behar Palace,
Darjeeling Himalayan Railway, Hazarduari
Palace, Adina Mosque, Shantiniketan,
Bishnupur Terracotta Temples,
Dakshineswar Kali Temple
Source: Ministry of Tourism
33. For updated information, please visit www.ibef.orgTourism & Hospitality33
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. In 2015, Air Pegasus started its
services for South India
Increase in international
flight operators
The Airports Authority of India aims to start operating 250 airports across the country by 2020. In FY2016, the
number of operational airports in the country was estimated to be 95
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
By 2020, passenger traffic at Indian airports is expected to increase to 450 million people in comparison with
around 223.61 million people in 2016
Higher passenger traffic
35. For updated information, please visit www.ibef.orgTourism & Hospitality35
GUJARAT TOURISM: A PARADIGM SHIFT
2.50%
2.80%
3.50%
5.00%
8.20%
10.20%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
2002 2005 2010 2015* 2020E 2022E
Source: World Travel & Tourism Council’s Economic Impact 2013, Aranca Research
Gujarat is the 7th largest state, located in the Western part of India,
with the longest coastline of 1,600 km
The government spent nearly US$ 13 million for the ‘Khusbhoo
Gujarat Ki’ campaign, which featured Amitabh Bachchan, brand
ambassador of the state; the campaign was a huge success
In FY17, tourist arrivals to Gujarat increased 16.94 per cent to 44.8
million. Tourist inflows has increased at a CAGR of 14.91 per cent
between FY12-17.
The government plans to focus on the state's 1,600 km coastline to
promote maritime, coastal & ecotourism
In September 2016, Airbnb, a community-driven hospitality company,
announced that it had signed an MoU with the Government of
Gujarat, so as to boost tourism & create memorable travel
experience in the state
Visakhapatnam port traffic (million tonnes)Contribution of tourism to Gujarat's GDP
Note: E – Estimates, * As per latest available data
36. For updated information, please visit www.ibef.orgTourism & Hospitality36
PRIVATE SECTOR PIONEERS: makemytrip.com
61
88
88
106
139
169
274
0
50
100
150
200
250
300
FY11 FY12 Fy13 FY14 FY15 FY16 FY17
Source: www.makemytrip.com
The website was conceived and founded by Deep Kalra in 2000
Makemytrip offers airline tickets, hotel bookings, domestic & foreign
packaged tours, bus tickets, corporate travel services, visa
assistance, foreign exchange & travel insurance
The company’s revenues have been increasing at a CAGR of 19 per
cent and reached US$ 274 million in FY17. It reached US$ 141.2
million in Q1 FY18 and US$ 139.2 million in Q2 FY18.
As of October 2016, MakeMyTrip Ltd. has agreed to acquire travel
business of Ibibo Group India, at an estimated cost of US$ 720
million
Visakhapatnam port traffic (million tonnes)Net Revenues (USD million)
CAGR 19%
37. For updated information, please visit www.ibef.orgTourism & Hospitality37
PRIVATE SECTOR PIONEERS: IHCL
335
354
365
320
325
330
335
340
345
350
355
360
365
370
FY15 FY16 FY17
Source: IHCL’s website
The company was incorporated in 1902 & launched the first hotel in
India, The Taj Mahal Palace & Tower, in Mumbai in 1903
Taj Hotels Resorts & Palaces has 66 hotels in 42 locations across
India & 16 hotels worldwide
IHCL operates in the luxury, premium, mid-market and value market
segments through various brands such as Taj, Taj Exotica, Taj
Safari, Vivanta, Gateway Hotel & Ginger
IHCL operates Taj Air, a luxury private jet service
The company operates Taj Sats Air Catering Ltd, the largest airline
catering service in South Asia
IHCL’s revenues stood at US$ 365 million in FY17 and US$ 82.31
million in Q1 FY18
Visakhapatnam port traffic (million tonnes)Revenues (USD million)
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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
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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
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EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-17 67.09
Q1 2017-18 64.46
Q2 2017-18 64.29
Q3 2017-18 64.74
Year INR Equivalent of one US$
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India
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