India Travel and Tourism - Key Trends and Opportunities to 2016

In 2011, India was ranked the twelfth-most attractive tourist destination in the Asia-Pacific region by the World Economic Forum. Furthermore, travel and tourism is the largest service industry in India, accounting for 6.23% of the country’s GDP and employing 8.78% of the country’s total workforce. During the review period, India’s tourist volumes increased due to a variety of factors, with some of the most notable being robust global economic growth, government initiatives such as granting of export house status to the Indian tourism industry, and incentives for promoting private investment in the form of income tax exemptions and the provision of interest subsidies. Over the forecast period, India’s total tourist volumes are expected to grow due to India’s rapidly increasing average disposable income, the rising number of business opportunities in the country, vast natural and cultural resources, and increased spending by the government on developing tourism infrastructure. India is also expected to record high growth in the number of medical tourists arriving from developed countries. Furthermore, the emergence of newer forms of tourism such as cruise tourism, agritourism and eco-tourism has the potential to substantially increase India’s inbound tourist volumes over the forecast period.

Scope

• This report provides an extensive analysis of the travel and tourism market in India:
• It details historical values for the Indian travel and tourism industry for 2007–2011, along with forecast figures for 2012–2016
• It provides top-level analysis of the overall travel and tourism market, as well as individual category values for both the 2007–2011 review period and the 2012–2016 forecast period
• The report makes a detailed analysis and projection of tourist spending patterns in India
• The report profiles the top travel and tourism companies in India

Travel and Tourism Market

Published: March 2012
No. of Pages: 315
Single User Lisence : US $ 1950   Corporate user Lisence : US $ 5850

Key highlights

• Travel and tourism is the largest service industry in India, accounting for 6.23% of the country’s GDP and employing 8.78% of the country’s total workforce.
• In 2011, India was ranked the twelfth-most attractive tourist destination in the Asia-Pacific region by the World Economic Forum.
• Medical tourism in India is expected to grow significantly as the government has relaxed the criteria to receive a visa for getting medical treatment in India. As a result, India’s share in the global medical tourism industry is forecast to grow from 2% in 2011 to 3% by the end of 2013.
• The government had extended infrastructure status to the tourism industry in 2004, allowing cheaper, long-term funds to help finance tourism infrastructure.
• The Indian aviation market is one of the fastest-growing in the world, with private airlines accounting for more than 80% of the domestic aviation market.

Reasons to buy

• Take strategic business decisions using top-level historic and forecast market data related to the Indian travel and tourism industry and each sector within it
• Understand the demand and supply-side dynamics within the Indian travel and tourism industry, along with key market trends and growth opportunities
• Assess the competitive landscape in the travel and tourism market in India and formulate effective market-entry strategies
• Identify the growth opportunities and industry dynamics within the Indian tourism industry’s key categories, including transportation, accommodation and travel intermediaries