Saturday, February 21, 2015

Tourism Business and Industry in India

Vision 2020

Hospitality Industry in India

According to World Travel & Tourism Council, the industry will grow exponentially to create 8 million additional jobs in India over the next 10 years. The contribution of the Hospitality industry to GDP is expected to rise from 8.6% (US$117.9bn) in 2010 to 9.0%(US$330.1bn) by 2020.

The Travel & Tourism industry today employs over 50 million people in India and is the largest employer after the government. Between now and 2020, the contribution of the travel and tourism economy to employment in India is expected to rise by almost 20% from 49 million to 58 million jobs. In 2020, one in every 9.6 jobs in India will be in the hospitality industry.

In 2011, India had 740 million domestic travellers and 6.3 million foreign travel arrivals. It has 170,000 hotel rooms including 60,000 branded hotel rooms.
Icra report on Hotels in India

January 2015

FTAs grow by 4% in January 2015 over January 2014

FEEs in rupee terms show an increase of 4% in January 2015 over corresponding period last year

 Foreign Tourist Arrivals (FTAs):

FTAs during the Month of January 2015 was 7.90 lakh as compared to FTAs of 7.59 lakh during the month of January 2014 and 7.20 lakh in January 2013. There has been a growth of 4.0% in January 2015 over January 2014.

Foreign Exchange Earnings (FEEs) from Tourism in India in rupee terms and in US$ terms

FEEs during the month of January 2015 were `11,529 crore as compared to `11,082 crore in January 2014 and `10,785 crore in January 2013.

The growth rate in FEEs in rupee terms during January 2015 over January 2014 was 4.0% as compared to 2.8% in January 2014 over January 2013.

FEEs in US$ terms during the month of January 2015 were US$ 1.854 billion as compared to FEEs of US$ 1.786 billion during  the month of January 2014.

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