India

Tourism & Leisure Sector Review

Definition and scale of sector

Why the sector was chosen in the West Midlands

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 A Brief Report On Tourism In India - August 2012

Tourism has been a major social phenomenon of societies all over the world. It is driven by the natural urge of every human being for new experiences, and the desire to be both educated and entertained. The motivation for tourism also include religious and business interests; the spread of education has fostered a disire to know more about different parts of the globe. The basic human thirst for new experience and knowledge has become stronger, as communication barriers are getting overcome by technological advances. Expenditure on tourism induces a chain of transaction requiring supply of goods and services from the related sectors. The consumption demand, emanating from tourist expenditure also induces more employment and generates a multiplier effect on the economy.

Tourism in India broadly classified in North Indian Tourism, East Indian Touris, West Indian Tourism and South Indian Tourism. Each part of India offers identifiable differences from the rest of the nation. Tourism in India has come into its own as a brand-India Tourism. The creation of niche tourism products like heliport tourism, medical tourism, wellness tourism, adventure tourism, cruise tourism and caravan tourism has served to widen the net of this sector. Inbound tourism is booming and the country is going all out to lure more travelers from around the world. Contrary to perceptions across the world that tourism in India is still confined to traditions, the country is opening up with trendy tour packages and affordable air travel deals to woo inbound visitors from every segment.

Source: ASA & Associates chartered accountants

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    Tourism & Hospitality Sector Report - November 2010

As per the Travel and Tourism Competitiveness Report 2009 by the World Economic Forum, India is ranked 11th in the Asia Pacific region and 62nd overall, moving up three places on the list of the world's attractive destinations. It is ranked the 14th best tourist destination for its natural resources and 24th for its cultural resources, with many World Heritage sites, both natural and cultural, rich fauna, and strong creative industries in the country. India also bagged 37th rank for its air transport network. The India travel and tourism industry ranked 5th in the long-term (10-year) growth and is expected to be the second largest employer in the world by 2019.
Combining unparalleled growth prospects and unlimited business potential, the industry is certainly on the foyer towards being a key player in the nation's changing face. Furthermore, banking on the government’s initiative of upgrading and expanding the country’s infrastructure like airports, national highways etc, the tourism and hospitality industry is bound to get a bounce in its growth.
The hotel and tourism industry’s contribution to the Indian economy by way of foreign direct investments (FDI) inflows were pegged at US$ 2.17 billion from April 2000 to September 2010, according to the Department of Industrial Policy and Promotion (DIPP).

Source: India Brand Equity Foundation (IBEF)

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Tourism and Hospitality Sector Report from IBEF - April 2008

The Indian tourism and hospitality industry is on a roll, driven by the huge surge in both business and leisure travel by domestic and foreign tourists. The country's travel and tourism industry is expected to generate approximately US$ 100 billion in 2008, rising to Rs 15 US$ 275.5 billion by 2018 over the next ten years, as per the latest Tourism Satellite Accounting (TSA) research released by the World Travel and Tourism Council (WTTC) and its strategic partner Accenture.

The growth of tourist inflow into India was well above world average, leading to a rise of India's share in World arrivals from 0.37 per cent in 2001 to 0.53 per cent in 2006. Also, as noted by UN World Tourism Organisation (UNWTO), the growth of Indian tourism industry was instrumental in the 'emergence' of South-Asia as a tourist destination.

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Source: India Brand Equity Foundation (IBEF)

The 2008 Travel & Tourism Economic research - January 2008

The World Travel & Tourism Council (WTTC) is the business leaders' forum for Travel & Tourism, working with Governments to raise awareness of the importance of the World's largest generator of wealth and jobs.

Measurement of that importance is best achieved through the construction of Travel & Tourism Satellite Accounts, analogous to the national income accounts routinely published by government statistical offices worldwide. The 2008 Tourism Satellite Accounting research - sponsored by Accenture and produced by Oxford Economics - constructs such accounts for 176 countries and follows the standardised United Nations' methodology for measurement of Travel & Tourism's economic impact aon personal consumption, business spending, capital investment, government expenditures, exports and imports, cultimanting in qualification of the contribution to gross domestic product and employment.

Source: World Travel and Tourism Council

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Tourism and Hospitality - Overview from IBEF - July  2007 

It is boom time for India's Tourism and Hospitality sector. Driven by a surge in business traveller arrivals and a soaring interest in the country, India has emerged as a leading tourist destination. The world's leading travel and tourism journal, "Conde Nast Traveller", ranked India amongst top 4 preferred holiday destinations in the world.

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Source: India Brand Equity Foundation (IBEF)

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