1. Market Research
  2. > Travel and Tourism
  3. > Tourism Market Trends

Travel and Tourism in India to 2020

  • January 2016
  • 113 pages
  • GlobalData
Report ID: 3596602

Summary

Table of Contents

Search Inside

Summary
The expanding economy reflected the increased disposable income of the Indian population, encouraging them to take more trips. The trend is expected to continue over the coming years (2016-2020). Tamil Nadu and Uttar Pradesh maintained their first and second rank respectively in terms of domestic tourist visits in 2014. Inbound tourist volume grew at a CAGR of 6.8% during 2010-2015, and the governments visa friendly policy will spur the growth of inbound tourism.

Key Findings
- The Indian travel and tourism sector is flourishing. Domestic trips grew by 9.7% in 2015, while expenditure increased by 7.6%. The rising middle class and increasing disposable incomes continued to support the growth of domestic and outbound tourism. Outbound trips totaled 19.9 million in 2015, up by 8.7%. Inbound trips grew at a CAGR of 6.8% during the historic period (2010-2015). The US is the largest source market for India and the continued depreciation of the Indian currency against the US$ in recent years has supported the growth of inbound tourism. The Indian Rupee fell against the US$ at a CAGR of -6.5% during 2010-2015 and trips grew by. Trips from Russia, another key source market, slowed from 46% in 2013 to 4.1% in 2014 and -2.5% in 2015 as Russia removed India from its safe travel destinations list as Goa, the top destination for Russians, registered cases of robbery and molestation against foreign tourists. This, along with the weak Russian Rouble, resulted in fewer arrivals to India. Over the forecast period (2015-2019), domestic trips, inbound trips, and outbound trips are projected to grow at an average annual rate of 9.7%, 8.4%, and 4.6% respectively.

- The e-tourist visa facility launched in 2014 is currently available for the citizens of 113 countries at 16 airports. E-tourist visas simplify visa procedures and will help India to attract more international visitors. This is clear from the fact that after the introduction of e-tourist visas by India for Russian nationals, nearly 20,000 Russian tourists made use of this facility. In May 2015, Mr. Modi announced an e-visa for Chinese visitors. Furthermore, India and Russia are considering measures such as group visa-free travel, to increase tourist flows between the two countries.

- To attract investments in the aviation sector, India aims to remove the 5/20 rule that mandates that carriers fly for a minimum of 5 years domestically and possess 20 aircraft before flying overseas. If implemented, this rule will benefit companies such as Vistara, which entered the market recently.

Synopsis
Canadean's report - Travel and Tourism in India to 2020 - provides detailed information on the country's tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

- Historic and forecast tourist volumes covering the entire Indian Travel and Tourism sector

- Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics

- Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type - leisure and business travelers

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to India's Travel and Tourism sector

- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

- Direct the promotional efforts on most promising markets by identifying the key source and destination countries

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Future Prospects of Chinese Outbound Travel for the Lodging Industry

  • $ 1197
  • Industry report
  • March 2017
  • by Euromonitor International

Understanding Chinese travellers’ demands, future travel patterns, and the impact of the economic slowdown in China, are key to the success of travel companies looking to attract Chinese travellers. ...

The Global Budget Hotels Market to 2020

  • $ 3450
  • Industry report
  • January 2017
  • by GlobalData

The Global Budget Hotels Market to 2020 Summary Global budget hotel market industry grew in 2015 due to demand for affordable accommodation, with an increase in the middle-class population in Asia-Pacific ...

Motels in China - Industry Market Research Report

  • $ 1020
  • Industry report
  • November 2016
  • by Ibisworld

Abstract Motels in China The Motel industry in China provides low-priced accommodation. In China, hotels without star ratings are called motels. This report covers the scope, size, disposition and growth ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.