Indian Travel Industry expected to Exponentially grow

Indian Travel Industry expected to Exponentially grow

According to industry research authority, PhoCusWright, Asia Pacific has become the world’s largest travel market. India, one of the emerging economic powerhouses, is one of the driving forces in world travel to set another all-time high record. With these trends, we expect the Indian travel market to continue to grow and play a big part in driving the world travel industry.

According to the latest data from the country’s Ministry of Tourism, a total of 656,000 overseas visitors arrived in India last month – 9.7% more than the 598,000 recorded in October 2013.

Neighboring Bangladesh remains the top visitor source market for India, accounting for 14.2% of the total monthly visits, followed by the USA (12.6%), UK (11.0%), Sri Lanka (3.7%) and Russia (3.6%).

And the number of people taking advantage of India’s visa-on-arrival scheme soared in October 2014, rising 41.5% to 2,705. This accounts for just less than half a percent of India’s total arrivals however, and India’s tourism industry will be keen for the government to push ahead with a planned expansion of the scheme  cover almost all of the world’s countries.

International Visitors to India

Source: The World Bank

India’s niche is built around Cultural, Heritage and Adventure Tourism with its diverse topography and geopolitical heritage. While these core areas continue to drive tourism there have been efforts to create niche tourism products like Medical and Wellness, Rural Tourism, Eco-tourism, Wildlife Tourism, etc. in the last decade.

The Ministry of Tourism has taken several new initiatives including introducing visa on arrival for several countries, simplification of procedures for classification/reclassification of hotels and restaurants, improving infrastructure development, identification and improving  major tourist circuits, intensification of promotional and marketing strategies to further build brand ‘Incredible India’, and translating of the Ministry’s promotional website www.incredibleindia.org in various languages like Chinese, Arabic, French, German, Korean, and Japanese, to further position India as a leading tourist destination.

 Compiled from various sources

 

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