Indian Tourism Industry


Indian Tourism Industry INDIAN TOURISM INDUSTRY AT A GLANCE IN 2015 - 2016 Indian Tourism Industry

Indian tourism sector is to grow at an annual average growth rate of 7 per cent over the next ten years. Over 7.1 million foreign tourist arrived in 2015 . By 2025, foreign tourist arrivals in India is expected to reach 15.3 million, according to the World Tourism Organization. The Indian tourism and hospitality industry contributed nearly US$ 187.9 billion or 12.5 per cent to the Gross Domestic Product (GDP) in 2015, while growing the fastest at 11.7 per cent Compound Annual Growth Rate (CAGR) over the period 2011-12 to 2014-15.

The industry is expected to generate 13.45 million jobs! across sub-segments such as Restaurants (10.49 million jobs), Hotels (2.3 million jobs) and Travel Agents/Tour Operators (0.66 million). India has moved up 13 positions to 52nd rank from 65th in Tourism & Travel competitive index. The number of Foreign Tourist Arrivals (FTAs) has grown steadily in the last three years reaching around 7.103 million during January–November 2015 (4.5 per cent growth). Foreign Exchange Earnings (FEEs) from tourism during January-November 2015 were Rs 1,12,958 crore (US$ 16.94 billion), registering a growth of 1 per cent over same period last year.

Indian Tourism in 2015-2016

Online hotel bookings in India are expected to double by 2016 due to the increasing penetration of the internet and smart phones. During the period April 2000-September 2015, the hotel and tourism sector attracted around US$ 8.48 billion of FDI, according to the data released by Department of Industrial Policy and Promotion (DIPP).

The medical tourism market in India is projected to reach US$ 3.9 in size this year having grown at a CAGR of 27 per cent over the last three years, according to a joint report by FICCI and KPMG. Also, inflow of medical tourists crossed 320 million in 2015 compared with 85 million in 2012.

Indian Tourism  INDIAN tourism INDUSTRY AT A Glance IN 2014 - 2015

Indian Tourism  INDIAN tourism INDUSTRY AT A Glance IN 2013 - 2014

Indian Tourism  INDIAN tourism INDUSTRY AT A Glance IN 2012 - 2013

Indian Tourism  INDIAN tourism INDUSTRY AT A Glance IN 2011 - 2012

Indian Industry  back to tourism INDUSTRies