How Travel Industry is Unaffected in the Economic Slowdown?
The Tourism industry is one of the fastest growing sectors in India, making a good contribution to the GDP not very much affected by the economic slowdown as other industries.
In the year 2015, India had been ranked at 52nd and at 40th in 2017. India has shown the greatest percentage improvement in tourism to its overall TTCI score, which has helped a lot to become the only country in the segment of lower-middle income in the top 35 globally.
Recognizing also a massive potential in outbound travel from India, around 70 National Tourist Organizations (NTOs) from around the world recently have set up their local offices in Indian cities and are aggressively investing in marketing for their destinations.
For the volume growth, the top five destinations are Saudi Arabia, Thailand, Kuwait, United States and Singapore. Australia and France are good examples of destinations which are succeeding in their promotional efforts recently.
SATTE (South Asia Travel and Tourism Expo) is the Indias largest travel trade event, has been scheduled for January 8 10, 2020, in Greater Noida, Delhi (NCR). This show gathers hundreds of travel agents/agencies and is a good venue for U.S. participants to reach out for a quality target audience. Additional information can be found at: www.satte.in
Economics Times says The foreign tourist arrivals in India during 2018 stood at 10.55 million as compared to 10.03 in 2017 registering a growth of 5.2 per cent.
Factors behind Indian Tourism Industry Growth
Indias rise as a tourist destinationIndia may still be a minnow in the global tourism market, the success of the Incredible India campaign notwithstanding. Foreign tourist arrivals (FTAs) in India in 2018 accounted for 1.2% of international tourist arrivals, according to the UN World Tourism Organization (UNWTO), with at least two-dozen countries having a higher share than India. But the tripling of FTAs in the past 10 years, from 5.3 million to 17.4 million, indicates India is a great destination globally.