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• UN Tourism Members advance agenda for Europe as region leads global recovery
• Sustainable tourism market to grow at 14% CAGR by 2032
• UN Tourism launches investment guidelines for Albania
• 'UAE, Egypt, Vietnam popular among Indian solo travellers'
• Oman Air mulls single aircraft-type operating model
• Etihad Airways adds Al Qassim to its route network

TOP STORIES

Visakhapatnam airport sees 10% passenger increase.

• Monday, 29 April 2024, 6:03 PM

Tourism Ministry promotes ‘Wed in India’ at Jaipur Expo

• Monday, 29 April 2024, 6:00 PM

Railways to unveil Vande Metro for intra-city transportation in July

• Monday, 29 April 2024, 4:00 PM

‘Over 196k tourists including foreigners visited Mizoram in 2023’

• Monday, 29 April 2024, 3:00 PM

VFS Global partners with Responsible AI Institute to Champion Ethical AI Development

• Monday, 29 April 2024, 2:25 PM

J&K Tourism initiates campaign to promote offbeat destinations

• Monday, 29 April 2024, 1:00 PM

Nixtour India partners with Aeroflot to enhance travel to Russia

• Monday, 29 April 2024, 11:25 AM

MV The World makes maiden voyage to Vizag Cruise Terminal

• Monday, 29 April 2024, 10:47 AM

Sharjah opens Hanging Gardens in Kalba city

• Monday, 29 April 2024, 10:00 AM

SKIL records INR 113cr turnover with y-o-y growth from key verticals

• Monday, 29 April 2024, 8:16 AM

Busy Bee Airways reviews legal decision before finalising Go First bid

• Sunday, 28 April 2024, 7:01 PM

Over 280,000 visitors flock to Sikkim this year

• Sunday, 28 April 2024, 6:57 PM

IndiGo places major order for Airbus A350s

• Sunday, 28 April 2024, 6:20 PM

US passengers to get automatic cash refunds for disrupted flights

• Sunday, 28 April 2024, 6:18 PM

New barrier in Japan limits tourist access for photos of Mount Fuji

• Sunday, 28 April 2024, 5:50 PM

Delhi High Court allows lessor reclaim of Aircraft

• Sunday, 28 April 2024, 5:45 PM

India sees record footfall of cruise tourists

• Friday, 26 April 2024, 8:31 PM

Lack of senior pilots threatens airlines’ profitability: Sky One

• Thursday, 25 April 2024, 3:21 PM

Kashmir’s Tulip Garden closes after 4.2 lakh visitors

• Thursday, 25 April 2024, 2:45 PM

DigiYatra Foundation switches app developer after security reports

• Thursday, 25 April 2024, 2:37 PM

‘Conscious travel emerges as a rising trend’

• Thursday, 25 April 2024, 11:00 AM

Red Carpet Travels unveils ‘Red Planner’ platform for seamless travel planning

• Thursday, 28 March 2024, 10:09 AM

Guide to Lake Tahoe, California

• Wednesday, 17 April 2024, 6:19 PM
• TBM Staff - Mumbai

SEBI gives not to TBO Tek, Awfis Space for IPO

• Wednesday, 24 April 2024, 8:20 AM

Tri Valley’s Vibrant Wildflower Hotspots

VFS Global attracts over 400 agents across four cities as it kicks off its roadshows

California’s Diverse Hiking Trails for All Levels

Ayodhya’s Ram Mandir: A New Vista for Religious Tourism

California Welcomes New Attractions and Celebrates Milestone Anniversaries in 2024

Resorts World Cruises unveils platform ‘RW Cruise Buddy’ for agent partners in India

Sabre appoints Samual Machado as MD to spearhead agency business growth across India & South Asia

Travelport is One Global Travel’s Preferred GDS Partner to Support Community of Travel Management Companies

Sabre and IAG expand partnership with multi-year distribution agreement including NDC content

Amadeus travel data reveals surge in flight demand for Taylor Swift & Coldplay concerts in Asia Pacific

‘We are committed developing the Indian market through partnerships’

• Tuesday, 23 April 2024, 11:00 AM

‘FCM Travel India’s revenue has grown by more than 20% as compared to 2019’

• Tuesday, 16 April 2024, 3:45 PM

‘Travomint’s hybrid booking model caters to digital-savvy & traditional booking travellers’

• Monday, 8 April 2024, 1:59 PM

‘The highlight of this year’s HICSA is going to be the culinary carnival’ : Manav Thadani, Founder Chairman, Hotelivate

• Wednesday, 27 March 2024, 12:23 PM

‘We achieve success by foreseeing industry trends, addressing customer needs, and leveraging technology’

• Thursday, 8 February 2024, 12:00 PM

‘Currently, wedding tourism is gaining momentum from India’

• Wednesday, 10 January 2024, 12:00 PM

‘Visa-waiver can stimulate economic activities in tourism & hospitality sectors’

• Wednesday, 3 January 2024, 3:40 PM

• Restricted content
• Tourism Fact Sheet – INDIA (May 2023)
• 47% Of Indians Ready To Switch Itineraries For Better Deals: Skyscanner
• Road to robust travel recovery: APAC hotel occupancy rose above pre- pandemic levels in Q1 2023

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STARTUP FORUM

Start-Up Forum: Bringing Innovations to the Forefront

• Wednesday, 13 March 2024, 1:00 PM

NEW APPOINTMENTS

Guest column.

A Lonely Child No More

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A FORTNIGHT ON THE LONG WHITE CLOUD

Reality of Contrasts

Trade associations.

ATOAI, Hanifl & IMF conduct Adventure Guide Training Programme

• Tuesday, 23 April 2024, 12:00 PM

The Adventure Tour Operators Association of India (ATOAI) in partnership with the Hanifl Centre and Indian Mountaineering Foundation (IMF), has concluded its Adventure Guide Training Programme, an initiative aimed at empowering industry professionals with cutting-edge skills and knowledge to excel in the dynamic world of adventure tourism. The programme spanning four days was conducted in three batches at the Indian Mountaineering Foundation (IMF) from April 10 to April 21, 2024.

TAFI Hosts session with Spanish Consulate, spotlights Visa Surge & Tourism Interest

• Thursday, 18 April 2024, 8:22 AM

IATO’s 2024 Convention in Bhopal from Aug 30-Sept 2

• Tuesday, 16 April 2024, 8:25 AM

GBTA foresees India among Top 10 global business travel markets; plans Chapter opening by 2024

• Tuesday, 12 March 2024, 12:00 PM

Air passenger demand grows 16.6% in January: IATA

• Thursday, 7 March 2024, 11:39 AM

Mauritius exempts event planners from 15% VAT on accommodation costs

• Thursday, 23 November 2023, 12:00 PM

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Jumeirah Group enters Saudi Arabia with Jumeirah Jabal Omar Makkah

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India tourism: How 'revenge travel' saved the industry

• Published 7 October 2022

More than two years after the Covid pandemic halted travel, India's tourism and hospitality industry is now cautiously hopeful. Freelance journalist Rubina A Khan on what's driving the optimism.

Tourism constituted almost 3% of India's GDP and generated around 100 million jobs in 2019.

But the sector was severely hit in India - like in other countries - when the pandemic struck. Only 2.74 million foreign tourists visited India in 2020 compared with 10.93 million the year before, official data shows.

While the number of foreign visitors is still nowhere close to pre-pandemic levels, travel company operators and hotel industry executives say an upsurge in domestic tourists is making them more upbeat.

After two years of being cooped up inside, Indians are now travelling with a vengeance - 'revenge travel', as the phenomenon is called. And many, experts say, now prefer to travel within the country instead of flying to more expensive destinations abroad.

The industry is also benefiting from new trends borne of the pandemic such as micro-holidays and workcations.

Deep Kalra, founder and chairman of travel website Make My Trip, says the sector started seeing an upturn in the last quarter of 2020, and has been consistently recovering ever since.

"In fact, the last three fiscal quarters have operationally been the most profitable ones for our company," he says.

Exploring India

Experts say the pandemic offered Indians an opportunity to explore their own country.

India has always been a popular tourist destination. From historic forts and stunning palaces to dense jungles, there's no shortage of options for visitors.

But with international travel disrupted for months, more and more Indians became open to the idea of vacationing within the country, says Vishal Suri, the managing director of travel company SOTC.

"The pandemic has given Indians a new-found appreciation for the outdoors," Mr Suri says.

He adds that there has been an uptick in demand for unexplored destinations - people are seeking ways to combine pilgrimages and spiritual trips with experiencing local food, cultural trails and adventure.

The pandemic also generated new trends such as staycations and workcations - combining remote working with vacations.

"Travellers are now extremely comfortable with booking homestays that offer exclusivity, privacy, and the comfort of a home away from home," says Pradeep Shetty, a senior official at the Federation of Hotel and Restaurant Associations Of India (FHRAI).

Mr Kalra from Make My Trip agrees - he says that people have warmed up to the idea of travelling within India whenever possible.

"Even the travel frequency has changed and become more regular. The annual break has now turned into micro-holidays with people increasingly taking more breaks in the form of multiple weekend getaways and seasonal holiday breaks," he says.

Impact on hospitality sector

This shift has turned out to be a revenue-spinner for hotels in India, as people are now willing to use the money they would normally reserve for their international vacations on better facilities domestically.

Some luxury hotels dropped their prices at intervals in the pandemic, leading to a spike in bookings and short-term revenues.

Puneet Chhatwal, the managing director and CEO of The Indian Hotels Company Ltd (IHCL) - India's largest hospitality company which operates the Taj chain of luxury hotels - says that after each successive Covid wave, the recovery was "stronger and quicker".

"The IHCL's occupancy figures today exceed the pre-pandemic levels - a resurgence that is primarily fuelled by domestic tourism," he adds.

Raffles Udaipur - run by international hotel chain Raffles - is situated on a private island and opened in August 2021, just months after the devastating second wave of the pandemic in India.

But the hotel has seen a "healthy rate of occupancy" every month throughout its first year of operations in India, says Puneet Dhawan, the hotel's senior vice-president for India and South Asia.

"While we have no pre-pandemic metric to compare to, we have observed a steady rise in the response to our property," he adds.

Mr Dhawan says the hotel is gearing up for an even busier year ahead - starting with the tourist rush in winter and the upcoming wedding season.

Mr Kalra says there are other positive signs too, such as the resumption of corporate travel - a trend that is likely to increase in the coming quarters, aiding overall recovery for the travel industry.

But despite the optimism, people in the industry say that domestic tourism alone cannot take the sector back to the pre-pandemic-level of growth.

In September, India's tourism minister said that the government was working towards the all-round revival of the tourism sector.

But foreign arrivals continue to be dismal - data shows they dipped by 44.5% in 2021 compared with the year before.

"India has not released a single campaign inviting the world to us. What we need is a stellar marketing strategy that excites travellers enough to choose us, especially the 60 million people that used to travel to China and aren't today," says Dipak Deva, managing director of the Travel Corporation of India, one of India's best-known travel agencies.

He adds that the government also needs to restore its e-visa facility - especially for countries such as the UK from where a large number of tourists visit India - as the current procedure is too cumbersome.

However, Mr Kalra feels that both domestic and international travel are "here to grow together, and not against each other".

"With international travel now returning to the fore, we are confident that in a few quarters, international travel will also be able to recover completely."

Read more India stories from the BBC:

• WHO links Gambia deaths to India-made cough syrups
• Can India be China’s ‘plus one’ to the world?
• The Indian period drama firing up the box office
• The problem of 'dirty money' in Indian politics
• Why India's abortion ruling is a huge step forward
• An Indian maharaja and a 'mystery' will
• Moonlighting debate divides Indian firms and workers

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the ‘long weekends with marriott bonvoy’ campaign, the grand return of the ‘love connection’ campaign: vietjet offers 50 indian couples free flights throughout vietnam, blr airport sees steady growth in 2023; passenger numbers up by 35%, wtm africa partners with china travel online to tap into chinese outbound travel market, hrawi cheers inauguration of mthl (atal setu), indigo strengthens connectivity from ayodhya: commences operations between ahmedabad-ayodhya, mumbai international airport handles its highest-ever monthly traffic of 2023 with over 4.88 million passengers in december, embark on a journey of festivity and savings with air india express’ exclusive pongal offer, celebrating a 100 million smiles: the 2023 indigo round up, makemytrip shares insights on spiritual tourism, the ministry of environment, forest and climate change and avaana climate and sustainability fund successfully conclude climate conference 2024, global launch of srilankan airlines’ ndc agents portal srilankan direct connect begins in india, air india express kicks off 2024 with ‘time to travel’ sale with fares starting at inr 1,799, ehl’s vocational training program grows in india to further strengthen its partnership with the confederation of indian industry (cii), cygnett hotels & resorts reinforces its footprint in the pink city by unveiling its second hotel, vistara celebrates ninth anniversary with a network-wide sale from 9 – 11 january 2024, air india’s virtual travel assistant is now on whatsapp, bookmark jogi mahal resort opens in ranthambore with 40keys across 3.74-acres, chalet hotels limited launches 100 days wellness challenge, leisure hotels group accelerates its expansion in himachal pradesh with the signing of baikunth resort, kasauli  , indigo commences operations from ayodhya, its 86th domestic destination, pm launches projects worth inr 1,156 crore in kavaratti island, lakshadweep, 16 airlines in india operating with 771 aircraft, sofitel mumbai bkc becomes the first hotel in india to receive the prestigious green key certification, air india set to link bhuj with mumbai, gommt, booking.com and agoda retain their top spots in the fast-growing indian travel economy, akasa air’s braille in-flight safety manual and dining menu are a testimony of the airline’s commitment to making air travel inclusive and accessible., indigo removes the fuel charge w.e.f. 04 jan 2024, top five emerging destinations in “new horizons list” for india from agoda, garuda aerospace receives medium class rpto authorization from dgca, vistara delights club vistara members with privilege extensions, aviation and hospitality sectors saw annual growth of 29.7% and 12.8% in q2-fy24, akasa air welcomes two boeing 737 max 8 aircraft to its growing fleet, dgca issues 1,622 commercial pilot licenses in 2023, mbd house (gulab bhavan) joyfully commemorates 39 years of outstanding achievements and unwavering excellence, uniworld announces ultra luxury showcase in india with biggest incentive to date, café akasa brings back its makar sankranti meal to celebrate the festival of harvest, taj sawai opens in ranthambore with 60 keys, libf expo 2024 unprecedented showcase of global innovation, startups and commerce, sofitel mumbai bkc ends 2023 on a high note , kerala literature festival launches india’s first residency for writers at vagamon, kerala, health is wealth: chowman’s new year resolution, first air india express flight takes off from ayodhya for delhi as ayodhya international airport is inaugurated, madhya pradesh has much in store for tourism in 2024  .

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Travel, Tourism & Hospitality

Travel and tourism industry in India - statistics & facts

The most profitable travel segments, agents to help package travel, key insights.

Detailed statistics

Travel & tourism development rank India 2011-2021

Leading global travel markets by travel and tourism contribution to GDP 2019-2022

Contribution of travel and tourism to GDP of India 2019-2022

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Value of travel market in India FY 2018-2027

Travel market distribution in India FY 2018-2027, by type

Related topics

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• Tourism worldwide
• Hotel industry worldwide
• COVID-19: impact on the tourism industry worldwide
• Tourism industry in China

Recommended statistics

Key figures.

• Basic Statistic Direct contribution of tourism and hospitality to GDP in India 2012-2028
• Basic Statistic Revenue share from tourism in India 2013-2022, by segment
• Premium Statistic Distribution of direct travel and tourism GDP in India FY 2023, by spending type
• Basic Statistic Number of jobs in travel and tourism sector in India FY 2014-2022
• Premium Statistic PE/VC investment deals in travel and hospitality 2013-2022

Direct contribution of tourism and hospitality to GDP in India 2012-2028

Direct contribution of tourism and hospitality to GDP in India from 2012 to 2017, with an estimate until 2028 (in billion U.S. dollars)

Revenue share from tourism in India 2013-2022, by segment

Distribution of revenue from tourism to GDP in India from 2013 to 2022, by segment

Distribution of direct travel and tourism GDP in India FY 2023, by spending type

Distribution of direct travel and tourism GDP in India in the financial year 2023, by spending type

Number of jobs in travel and tourism sector in India FY 2014-2022

Number of direct and indirect jobs in the travel and tourism sector across India from financial year 2014 to 2022, with projection for 2023 (in millions)

PE/VC investment deals in travel and hospitality 2013-2022

Number of private equity and venture capital deals in the travel and hospitality sector in India from 2013 to 2022

• Premium Statistic Tourist arrivals at India 2022, by region
• Basic Statistic Number of domestic tourist visits in India 2000-2022
• Premium Statistic Number of foreign tourist arrivals in India 2008-2022
• Premium Statistic Number of visitors to national monument India FY 2017-2022, by type
• Premium Statistic Number of domestic visitors to ticketed monuments India FY 2023
• Premium Statistic Number of foreign visitors to ticketed monuments India FY 2023

Tourist arrivals at India 2022, by region

Tourist arrivals at India in 2022, by region (in 1,000s)

Number of domestic tourist visits in India 2000-2022

Number of domestic tourist visits in India from 2000 to 2022 (in millions)

Number of foreign tourist arrivals in India 2008-2022

Number of foreign tourist arrivals in India from 2008 to 2022

Number of visitors to national monument India FY 2017-2022, by type

Number of visitors to national monuments across India from financial year 2017 to 2022, by type (in millions)

Number of domestic visitors to ticketed monuments India FY 2023

Leading ticketed monuments in India in financial year 2023, by number of domestic visitors (in 1,000s)

Number of foreign visitors to ticketed monuments India FY 2023

Leading ticketed monuments in India in financial year 2023, by number of foreign visitors (in 1,000s)

Travel services

• Premium Statistic Online travel agency usage India 2023, by gender
• Premium Statistic Agencies used for online services India 2023 by gender
• Premium Statistic Device used for online travel agency India 2023, by age group
• Premium Statistic Purpose of online travel agency usage India 2023, by age group
• Premium Statistic Reason for not using online travel agency India 2023, by gender

Online travel agency usage India 2023, by gender

Share of online travel agency usage in India as of June 2023, by gender

Agencies used for online services India 2023 by gender

Share of agencies used for online travel services in India as of June 2023, by gender

Device used for online travel agency India 2023, by age group

Device used to access online travel agencies in India as of June 2023, by age group

Purpose of online travel agency usage India 2023, by age group

Purposes of using an online travel agency in India as of June 2023, by age group

Reason for not using online travel agency India 2023, by gender

Share of reasons for not using online travel agencies in India as of June 2023, by gender

Market overview

• Premium Statistic Value of travel market in India FY 2018-2027
• Premium Statistic Travel market distribution in India FY 2018-2027, by type
• Premium Statistic Travel market distribution in India FY 2018-2027, by booking channel
• Premium Statistic Value of hotel market in India FY 2018-2027
• Premium Statistic PE/VC investments in travel and hospitality 2013-2022

Value of the travel market in India from financial year 2018 to 2020, with an estimate for 2027 (in billion U.S. dollars)

Distribution of Indian travel market from financial year 2018 to 2020, with an estimate for 2027, by type

Travel market distribution in India FY 2018-2027, by booking channel

Travel market distribution across India from financial year 2018 to 2020, with an estimate for 2027, by booking channel

Value of hotel market in India FY 2018-2027

Value of hotel market in India from financial year 2018 to 2020, with an estimate for 2027 (in billion U.S. dollars)

PE/VC investments in travel and hospitality 2013-2022

Private equity and venture capital investments in travel and hospitality sector in India from 2013 to 2022 (in million U.S. dollars)

Hotel industry

• Premium Statistic Distribution of hotel market in India FY 2018-2027, by type
• Premium Statistic Distribution of the hotel market in India FY 2018-2027, by booking channel
• Premium Statistic Number of hotel rooms in India FY 2001-2023
• Premium Statistic Number of approved hotels in India 2022, by category
• Premium Statistic Supply of hotel rooms in India FY 2022-2023, by city
• Basic Statistic Occupancy rate in hotels in India FY 2001-2024

Distribution of hotel market in India FY 2018-2027, by type

Distribution of the hotel market across India from financial year 2018 to 2020, with an estimate for 2027, by type

Distribution of the hotel market in India FY 2018-2027, by booking channel

Distribution of the hotel market across India from financial year 2018 to 2020, with an estimate for 2027, by booking channel

Number of hotel rooms in India FY 2001-2023

Number of hotel rooms across India from financial year 2001 to 2023, with an estimate until 2027 (in 1,000s)

Number of approved hotels in India 2022, by category

Number of approved hotels in India in 2022, by category

Supply of hotel rooms in India FY 2022-2023, by city

Existing supply of hotel rooms across Indian cities from financial year 2022 to 2023 (in 1,000s)

Occupancy rate in hotels in India FY 2001-2024

Occupancy rate in hotels in India from financial year 2001 to 2023, with estimates of 2024

Major players

• Basic Statistic Leading hotel and restaurant companies in India 2023, by market capitalization
• Basic Statistic Domestic market share of airlines across India FY 2023, by passengers carried
• Premium Statistic Revenue of Airbnb India FY 2018-2020
• Premium Statistic Revenue of OYO across India FY 2019-2023
• Premium Statistic Thomas Cook India revenue FY 2020-2023
• Premium Statistic MakeMyTrip's revenue FY 2015-2023

Leading hotel and restaurant companies in India 2023, by market capitalization

Leading hotel and restaurant companies in India as of 2023, based on market capitalization (in billion Indian rupees)

Domestic market share of airlines across India FY 2023, by passengers carried

Domestic market share of airlines across India in financial year 2023, by passengers carried

Revenue of Airbnb India FY 2018-2020

Revenue of Airbnb India from financial year 2018 to 2020 (in million Indian rupees)

Revenue of OYO across India FY 2019-2023

Revenue of OYO across India from financial year 2019 to 2023 (in billion Indian rupees)

Thomas Cook India revenue FY 2020-2023

Revenue of Thomas Cook (India) Limited from financial year 2020 to 2023 (in billion Indian rupees)

MakeMyTrip's revenue FY 2015-2023

Revenue of MakeMyTrip Limited from financial year 2015 to 2023 (in million U.S. dollars)

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ITB India 2023: A major success with first face-to-face edition

Itb india celebrated its successful launch with the first instalment of a live on-site event in mumbai from april 26 to 28..

The annual trade show hosted top international buyers as well as high-profile exhibitors, serving as a framework for business facilitation, with international attendees making more than 5,200 business appointments.

ITB India 2023, the three-day B2B trade show and conference held in the Jio World Convention Centre, Mumbai, built the bridge to the Indian and South Asian travel markets with quality buyers and international exhibitors. This was the first time ITB India was held as a live on-site event, bringing together key travel industry leaders and international exhibitors from various segments of MICE, Leisure, Corporate, and Travel & Technology.

David Ruetz, Senior Vice President of Messe Berlin, commented: “2023 is seeing a strong revitalisation of the global travel market in all segments. We must capitalise on this trend and steer it towards the new, up-and-coming markets. With buyers and exhibitors from diverse verticals and destinations, ITB India spearheads the effort of showcasing the Indian and South Asian travel market to the global audience.”

Strong international presence at ITB India

The exhibition showed a strong presence of national tourism organisations including Atout France India, German National Tourist Office, Saxony Tourism, Tourist Office of Roissy, Tourist Office of Spain, and Visit Sarajevo. International airlines, hotels, travel agencies and tour operators were also highly represented with their products, including AVIS, Collinson Group, Fiji Airways, Mize, IDeaS, Prince Hotels & Resorts, TravelLine, Uzbekistan Airways, and Vietnam Airlines. 

The ITB India 2023 Conference offered a holistic knowledge exchange hub for more than 120 thought leaders of the industry. With more than 80 sessions divided into three theme tracks unified under the motto “Connecting you to the Indian travel market”, the conference totalled 35 hours of insight-rich discussions on the topics critical to the future of MICE, corporate travel, leisure travel, and travel technology. Prominent speakers included representatives from Amadeus, BCD Meetings & Events, Cvent, CWT, FCM Travel India, Google, Hotelbeds, Indian Hotels Company Limited (IHCL), ixigo, KAYAK, MakeMyTrip, Society for Incentive Travel Excellence (SITE), SOTC Travel Limited, Thomas Cook (India) Limited, and many more.

ITB India 2023 was organised in a strategic partnership with the Indo-German Chamber of Commerce. “We believe in building networks across borders and fostering mutually beneficial partnerships. Such partnerships can and should create a strong backbone for global sustainable economic growth and the development of new markets. ITB India is a powerful motor that drives the growth of the travel industry and helps its actors adopt the best global practices”, stated Sonia Prashar, Deputy Director General of the Indo-German Chamber of Commerce.

ITB India 2023’s successful launch emphasised the increasing interest in the Indian and South Asian travel markets from suppliers, buyers, and trade visitors alike. ITB India will be back on from September 11 to 13 2024 , at Jio World Convention Centre. Super Early Bird Rates on booth registration for ITB India, MICE Show India, and Travel Tech India end on 15 May 2024. Register your booth today by clicking  here .

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How India and China Are Fueling the Global Travel and Tourism Industry Boom?

Monday, April 8, 2024 Favorite

India & China reshape global tourism, fueling growth with their booming outbound markets as the world adapts to welcome these pivotal travelers.

In a pivotal shift poised to redefine global demographics, India’s population is on track to surpass China’s by mid-year, with projections indicating a rise to 1.4286 billion against China’s 1.4257 billion. This transition not only marks India’s ascent as the world’s most populous country but also underscores the burgeoning influence of Indian and Chinese tourists in the global travel industry. As these two nations ascend the global stage, their outbound tourism sectors are igniting a boom across the travel industry, with destinations worldwide vying to attract this vast and growing consumer base through incentives like visa-free arrivals and enhanced travel experiences.

The surge in outbound tourism from India and China is reshaping the landscape of global tourism, compelling countries to tailor their offerings to the preferences and expectations of these travelers. This shift is driven by the expanding middle classes in both countries, equipped with the disposable income and the desire to explore international destinations. Recognizing the immense potential of the Indian and Chinese markets, nations around the globe are adapting their strategies to welcome these travelers, whose preferences are now pivotal in shaping the future trends and economic prospects of the global travel industry.

Tourism Industry in China

The Surge in Tourism Investments in China

In a significant move poised to redefine its economic landscape, China has earmarked substantial funds towards rejuvenating its tourism sector in 2023. Predictions suggest an impressive escalation in tourism revenue, poised to hit 5.2 trillion yuan (US$724.8 billion), a resurgence to 91% of the pre-pandemic levels observed in 2019. This strategic infusion of capital underscores tourism’s pivotal role in catalyzing economic recovery and expansion, further highlighting its influence on employment and overall economic vitality.

UN Tourism Forecast: A Bright Horizon for Chinese Tourism

A noteworthy anticipation by the United Nations Tourism casts the spotlight on an expected uptick in both inbound and outbound tourism for China in 2024. This optimistic projection is anchored on the ease of visa regulations and enhancements in air travel capacity. In an unprecedented gesture of goodwill and strategic tourism promotion, China has initiated a year-long visa-free travel policy for nationals from France, Germany, Italy, the Netherlands, Spain, and Malaysia, valid through to 30 November 2024.

Strategic Endeavors to Boost Tourism in China

China’s forward-looking investment in its tourism infrastructure in 2024 is a testament to the sector’s robust growth and the country’s concerted efforts to attract a global traveler base. The resurgence in travel activity, especially highlighted by the surge during the Chinese New Year holidays in 2024, has yielded impressive domestic tourism revenue figures, amounting to roughly RMB 632.7 billion (approximately $87 billion). This marks a notable rise from the preceding years, fueled by eased visa policies, expanded air travel capacity, and collaborative marketing initiatives aimed at wooing Chinese tourists.

In a strategic move to invigorate tourism, China has set ambitious visitation goals for 2024, targeting significant tourist influxes to popular destinations such as Thailand and Indonesia. These initiatives are part of a broader strategy to leverage the escalating demand for travel and leisure, both domestically and internationally.

China Economic Implications of Tourism Investments

The Lunar New Year holidays in 2024 witnessed a staggering 47.3% year-on-year increase in tourism revenues, catapulting figures beyond the pre-Covid benchmarks of 2019. The festive period alone generated approximately 632.7 billion yuan ($87.96 billion) in domestic tourism spending, surpassing previous records and indicating a recovery trajectory that exceeds pre-pandemic levels by 7.7%. Furthermore, the anticipated total revenue from domestic tourism in 2023 is set to exceed RMB 4 trillion (about US$580 billion), reflecting a 96% growth. This surge is attributed to relaxed travel restrictions, an increase in disposable incomes, and the burgeoning appeal of domestic travel destinations.

Through these strategic investments and policy adjustments, China is not only paving the way for a robust tourism sector but also positioning itself as a leading destination in the global travel and leisure industry, signaling a promising future for its economic and cultural landscape.

Aviation Industry in China

A Multifaceted Approach to Bolstering the China’s Airline Industry

China’s strategic investments within its airline sector underscore a broad and ambitious plan to fortify its position as a global aviation powerhouse. These investments, spanning capital injections, substantial aircraft acquisitions, and enhancements in aviation services, reflect a multifaceted approach to nurturing the industry’s growth and resilience.

Capital Infusions and Strategic Alliances in China

A prime illustration of these efforts is China Southern Airlines’ significant capital contribution of US$1.69 billion (RMB 11.2 billion) to Sichuan Airlines. This move, structured in three distinct installments, aims at bolstering Sichuan Airlines’ working capital while mitigating financial security risks. Such strategic alliances underscore a commitment to stability and growth within China’s aviation landscape.

China’s Record-Breaking Aircraft Orders

In a monumental leap forward, July 2022 saw four major Chinese airlines place a collective order for 292 Airbus aircraft, amounting to US$37.3 billion (RMB 249.3 billion). Dubbed the “biggest ever single-day jet deal,” this acquisition underscores China’s ascending trajectory in the global aviation market and its ambition to meet burgeoning air travel demand.

The Boeing Perspective: A Forecast of Soaring Demand in China

Boeing’s projection further illuminates the expansive horizon for China’s aviation industry, estimating a need for 8,560 new commercial airplanes through 2042. This forecast, propelled by China’s economic momentum and a rising penchant for domestic air travel, anticipates a staggering $675 billion worth of aviation services demand. This encompasses maintenance, repair operations, training, and the provision of spare parts, highlighting the comprehensive growth potential of China’s aviation sector.

IATA Insights: The Chinese Lunar New Year Surge

The International Air Transport Association (IATA) report sheds light on the significant growth in domestic demand within China, particularly emphasized by the Lunar New Year travel period. This surge is marked by an impressive uptick in air traffic, with specific figures highlighting:

• An 11.2% increase in domestic capacity
• A 33.2% surge in traffic
• A 19.2% rise in load factor
• An 8.4% growth in available seat kilometers
• An 80.2% recovery in demand compared to pre-pandemic levels

China’s Aviation Industry on an Upward Trajectory

China’s aviation sector is on a clear upward trajectory, marked by strategic investments across the board. From capital contributions that strengthen airline operations to record-setting aircraft orders and forecasts predicting a surge in commercial airplane demand, China is laying down the foundation for a future where it remains a central figure in global aviation. These initiatives not only signify China’s ambition to expand its aviation footprint but also highlight its role in shaping the future of global air travel and commerce.

Hospitality Industry in China

Unprecedented Growth in China’s Hotel Market

China’s hotel industry is currently undergoing a remarkable phase of expansion and prosperity, primarily fueled by a growing middle class characterized by rising travel aspirations and increased disposable income. Projections indicate that by 2028, the Chinese hotel market is poised to reach a staggering US$ 166.02 billion, propelled by a robust Compound Annual Growth Rate (CAGR) of 8.86% from 2022 to 2030. This upward trajectory underscores the industry’s vibrant potential and the burgeoning demand for hospitality services across the country.

Diverse Market Segmentation Catering to Varied Preferences of China

The segmentation of the Chinese hotel market into high-end, mid-end, and budget hotels showcases the industry’s versatility in catering to a broad spectrum of travelers. Mid-range hotels, in particular, are anticipated to dominate the market in the forthcoming years. This segment appeals to a diverse clientele, including business travelers, budget-conscious tourists, and leisure travelers, by offering a balanced mix of affordability and quality. Moreover, the market distinction between hotel chains and independent hotels highlights a clear preference among travelers for hotel chains, attributable to their established brand recognition and consistency in service quality.

A Report on the Prosperous Horizon for China’s Hospitality Industry

A comprehensive report on China’s hospitality industry forecasts an optimistic growth trajectory, with the market size expected to burgeon from USD 86.66 billion in 2024 to USD 128.04 billion by 2029. This expansion reflects a steady CAGR of 8.12% during the forecast period, driven by an increase in hotel projects and room availability. Specifically, the first quarter of 2022 witnessed the addition of 3,711 new hotel projects and 704,101 rooms, underscoring the rapid pace of development within the sector.

Strategic Government Initiatives and Foreign Investment in China

The Chinese government’s strategic policies, including the Belt and Road Initiative and the establishment of special economic zones, have significantly contributed to the hotel market’s growth. These initiatives have not only enhanced China’s appeal as a travel destination but have also attracted foreign investment, particularly in major urban centers like Beijing and Shanghai. Despite the intense competition and regulatory challenges, second-tier and remote cities continue to attract foreign capital, driven by their potential for growth and the allure of untapped markets.

The Global Influence of Chinese Hotel Enterprises

Chinese companies have made noteworthy strides in the global hotel industry, acquiring substantial stakes in Western hotel chains. For instance, Jin Jiang’s 13% ownership in France-based Accor and Huazhu Hotels Group’s acquisition of Germany-based Deutsche Hospitality highlight the international ambitions of Chinese hoteliers. Although recent years have seen a recalibration of investment strategies due to geopolitical and regulatory shifts, Chinese firms continue to actively participate in the global hospitality market.

A Vibrant Future for Hospitality in China

The trajectory of China’s hotel industry is marked by significant growth, driven by demographic shifts, strategic government initiatives, and a keen interest from both domestic and international investors. Despite facing challenges, the sector remains poised for a bright future, with a diverse range of hotels catering to the varied needs of travelers and a strategic focus on expanding China’s influence in the global hospitality landscape.

China Travel Technology Industry

Revolutionizing Travel: The Digital Shift in China

China’s strategic foray into the travel technology industry is reshaping the landscape of travel, with a significant push towards digital integration and online platforms. The online travel sector, buoyed by the ubiquity of smartphones, is witnessing unparalleled growth, with mobile and tablet transactions leading the charge. This digital shift is not just changing how travel services are accessed and booked but is also enhancing the overall travel experience for consumers.

The Growth Projections of China: A Future Crafted by Innovation

The online travel market in China is on an impressive trajectory, with forecasts projecting a reach of US$1.56 trillion by 2030. This growth, characterized by a Compound Annual Growth Rate (CAGR) of 12.99% from 2023 to 2030, underscores China’s dominant position in the global online travel industry. Key drivers of this growth include the expanding middle class, increased internet and mobile penetration, and proactive government initiatives, which collectively are setting new benchmarks in travel planning and bookings.

Trip.com’s Insights: A Glimpse into the Future of China Travel technology industry

Trip.com’s reports offer a tangible glimpse into the burgeoning success of China’s online travel sector. A remarkable four-digit growth in visitor numbers compared to the same period in 2022 indicates a swift rebound to more than 60% of pre-pandemic levels. Furthermore, Malaysia and Germany emerge as leading contributors to inbound tourism, with notable spikes in interest and bookings highlighting a revived global interest in traveling to China.

The recovery extends to long-haul inbound travel, with European bookings to China not only surpassing pre-pandemic levels but also recording a staggering increase of 663.0% compared to 2022 and a 28.9% growth over 2019. This resurgence signals a robust recovery and a growing appetite for Chinese travel experiences among international travelers.

Pioneers of Innovation: Leading Travel Technology Companies in China

China’s travel technology landscape is dotted with innovators and industry leaders who are defining the future of travel. Prominent players include:

• Trip.com : At the forefront of online travel services, offering comprehensive travel solutions.
• Klook : Specializing in travel experiences and activities, connecting travelers with unique local adventures.
• Qunar : A leading online travel agency offering a wide range of travel products and services.
• Tujia : China’s answer to home-sharing, providing travelers with unique accommodation options.
• Tuniu : Catering to the leisure travel market with tailored travel packages and services.

Unleashing Potential: China’s Tourism as a GDP Catalyst

The potential of China’s inbound tourism is immense, with projections suggesting that aligning it to the international median of 1.5% of GDP could unlock over RMB 1.3 trillion in growth. This opportunity underscores the strategic importance of the travel technology sector in not just enhancing travel experiences but also in contributing significantly to the country’s economic growth.

Navigating the Future with Innovation with China

China’s investment in the travel technology industry marks a significant pivot towards digitalization, underscoring the country’s commitment to revolutionizing the travel experience. Through strategic investments, innovative platforms, and a focus on digital integration, China is not just navigating the future of travel but is setting new standards for the global travel industry. As the sector continues to evolve, the contributions of leading travel technology companies will undoubtedly play a pivotal role in shaping a more connected and digitally savvy travel ecosystem.

Tourism Industry in India

A Surge in Budgetary Allocation for Tourism in India

The Indian government has underscored its commitment to bolstering the tourism sector with a significant budget allocation of ₹2,400 crore for the fiscal year 2023-2024. This marks an 18.24% increase from the previous budget, spotlighting the sector’s pivotal role in India’s economic framework. Anticipated to contribute 9.9% to the nation’s GDP by 2030, this investment strategy is tailored to encompass key developmental areas: infrastructure enhancement, promotional endeavors, and the upliftment of domestic travel destinations.

India Spearheading Development with Swadesh Darshan and PRASAD

Central to this financial strategy is the allocation of ₹1,644 crore towards infrastructure development and ₹421.50 crore dedicated to the promotion and publicity of India’s rich tapestry of travel destinations. An additional ₹75 crore has been earmarked for domestic promotion, alongside a ₹250 crore investment in the PRASAD scheme, aimed at rejuvenating pilgrimage sites across the country.

In a bid to further diversify India’s tourism offerings, the government plans to develop 50 new travel destinations under the ‘Swadesh Darshan’ initiative, focusing on connectivity, tourist security, and natural beauty. The innovative concept of Unity Malls in State Capitals or prominent tourist centers is set to promote the local culture and products of each state, enhancing the visibility and appeal of India’s diverse cultural heritage.

Employment Opportunities and Sectoral Growth in India

The concerted focus on tourism is poised to generate substantial employment opportunities, particularly for the youth, in various sectors including hospitality, hotels, airlines, and food and beverages. By fostering infrastructure development and promoting local artists and businesses, the government aims to not only elevate the tourism sector but also to stimulate youth entrepreneurship.

Projected Economic Impact and Global Positioning of India

With the tourism sector’s revenue projected to reach over $59 billion by 2028 and Foreign Tourist Arrivals expected to hit 30.5 million by the same year, India’s strategic investments in tourism are aimed at catalyzing job creation, with an estimated 140 million jobs anticipated by 2030. The government envisions positioning India as a premier global travel destination by 2047, celebrating the country’s centennial with a robust and vibrant tourism industry.

Insights from WTTC and Wellness Tourism Projections of India

The World Travel & Tourism Council (WTTC) forecasts the sector to inject INR 16.5 trillion into the Indian economy, with over 1.6 million jobs expected to be created within the year, nearly recuperating the employment shortfall induced by the COVID-19 pandemic. International visitor spending is set to exceed INR 2 trillion, with domestic visitor spending anticipated to surpass INR 12.6 trillion.

Moreover, the burgeoning wellness tourism market in India is projected to expand from USD 19.43 billion in 2024 to USD 26.55 billion by 2029, growing at a CAGR of 6.45%. This growth trajectory underscores the burgeoning appeal of wellness tourism, aligning with global trends towards health and wellness.

India’s Tourism Renaissance

India’s strategic investments and visionary initiatives in the tourism sector herald a renaissance of growth and development. By enhancing infrastructure, promoting cultural heritage, and fostering an inclusive economic impact, the government is laying the groundwork for a sustainable and dynamic tourism industry. With the anticipated economic contributions and job creation, India is steadily advancing towards its goal of becoming a global tourism powerhouse by 2047, embodying a rich tapestry of cultural diversity, heritage, and natural beauty.

India’s Aviation Industry

India’s Expansive Growth in Infrastructure and Fleet

India’s aviation sector is witnessing an unprecedented surge in growth and development, evidenced by the dramatic increase in the number of airports from 74 in 2013-2014 to an anticipated 220 by 2024-2025. This expansion reflects a deep-rooted commitment to enhancing the country’s aviation infrastructure, accommodating the burgeoning demand for air travel. With the aviation industry projected to contribute up to $1 trillion annually to the economy by 2043, India’s strategic investments are setting the stage for a transformative impact on the national and global aviation landscape. The addition of 470 aircraft to an already impressive order of 800 underscores a robust investment pipeline that promises to bolster the country’s air transport capabilities significantly.

UDAN: Bridging the Sky and Empowering Regions in India

The UDAN (Ude Desh ka Aam Naagrik) scheme, launched in 2016 under the National Civil Aviation Policy (NCAP), epitomizes India’s vision of making air travel accessible to the wider populace. By enhancing connectivity to underserved and unserved routes, UDAN is a cornerstone initiative driving tourism, trade, and economic empowerment across various regions. With 75 airports operationalized under the scheme as of October 2023, UDAN’s phased implementation has been instrumental in expanding India’s aviation network, marking a pivotal shift towards inclusive growth and regional development.

UDAN’s Phases: A Journey of Inclusive Indian Aviation Growth

From the commissioning of 36 new airports and 128 flight routes in UDAN 1.0 to the introduction of helicopter and seaplane routes in subsequent phases, each iteration of UDAN has broadened the scope of India’s aviation reach. UDAN 4.0 and 4.1, in particular, have focused on enhancing connectivity to remote islands and underserved areas, further solidifying the scheme’s role in knitting a more connected and accessible India. The scheme’s integration with key governmental initiatives underscores its multifaceted impact, contributing to the broader vision of Digital India, Make in India, and enhancing e-governance and digital connectivity.

Economic and Sectoral Impact: A Vision for India’s Growth

The aviation sector’s anticipated economic contribution, along with the successful implementation of the UDAN scheme, signals a new era of prosperity and connectivity for India. The scheme not only fosters regional development but also catalyzes demand for a diverse range of aircraft, supporting the dynamic growth of the aviation industry.

IATA’s Optimistic Outlook for India’s Aviation

The International Air Transport Association (IATA) paints a promising picture for India’s aviation sector, with profits expected to hit $25.7 billion and operating profits forecasted to reach $49.3 billion in 2024. This optimistic outlook, coupled with projected revenue growth of 7.6% to $964 billion, reflects the robust health and upward trajectory of India’s airline industry.

Soaring High with Strategic Investments in India

India’s strategic investments in the airline and aviation industry, highlighted by the expansion of its airport infrastructure and the visionary UDAN scheme, are charting a new course for national and global aviation. These initiatives, backed by the positive economic forecasts from IATA, position India as a burgeoning aviation hub poised for significant growth. As the country continues to invest in and expand its aviation capabilities, the promise of enhanced connectivity, economic prosperity, and regional empowerment stands as a testament to India’s skyward journey.

Hospitality Industry in India

Strategic Expansion and Economic Impact of India

India’s hospitality sector is on a trajectory of rapid growth, with mid-size and upscale hotel companies at the forefront of this expansion. A notable investment of Rs 3,500 crore, as reported by Noesis Capital Advisors, is set to introduce over 5,000 new rooms into the market, alongside approximately 25,000 job opportunities. This investment not only underscores the industry’s capacity expansion ambitions but also highlights the sector’s significant role as an economic catalyst.

Focusing on Devotional Travel in India

The sector’s growth is intricately linked with the surge in religious tourism, with hotel companies increasingly focusing on expanding their presence in key religious destinations such as Haridwar, Amritsar, Mathura, Dwarka, Varanasi, and Sikar in Rajasthan. This strategic alignment with the rising tide of devotees traveling to religious sites presents a unique opportunity for the hospitality industry to cater to a niche yet expanding market segment.

Future Projections of India: A Rising Tide of Investment

Investments in India’s hospitality industry are anticipated to exceed $2.3 billion in the next two to five years. This influx, earmarked for the development of new hotels and the refurbishment of existing ones, is poised to bolster the industry’s growth, offering diverse opportunities for investors and stakeholders. The envisioned expansion not only promises to enhance the sector’s capacity but also to diversify the hospitality offerings available to travelers and devotees.

Spotlight on Key Players and Market Opportunities in India

For investors eyeing the hotel industry, prominent companies such as Indian Hotels Co, East India Hotels, Chalet Hotels, Lemon Tree Hotels, and Mahindra Holidays & Resorts India Ltd represent prime avenues for growth and investment. These entities stand out for their commitment to excellence in hospitality services and their strategic focus on value creation for investors, marking them as attractive options for those looking to tap into India’s burgeoning hotel industry.

Market Insights on India: Achieving New Heights in Occupancy and Rates

The HVS ANAROCK report highlights remarkable achievements in the industry, with Mumbai setting a precedent by surpassing the 80% occupancy level. Similarly, Kolkata and Ahmedabad have exceeded the 75% occupancy mark, showcasing the robust demand driving the market. Additionally, Hyderabad and Kochi have witnessed a commendable year-on-year increase of over 30% in average rates, indicating a strong pricing power and market resilience.

Future Outlook: A Promising Horizon of India

According to Renub Research, the India Hotel Market is projected to reach a staggering US$ 47.50 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 12.50% from 2022 to 2030. This forecast underscores the dynamic growth potential of India’s hotel industry, positioning it as a key player in the global hospitality arena.

India Charting a Course for Prosperity

India’s hotel industry is poised for unprecedented growth, fueled by strategic investments, the booming demand for religious tourism, and a focus on enhancing capacity and service quality. As the industry navigates through a period of expansion and diversification, the pathway is set for creating substantial economic value, generating employment, and offering lucrative opportunities for investors. The sector’s robust growth projections affirm its vital role in India’s economic landscape, heralding a new era of prosperity and global prominence in the hospitality domain.

Leading the Charge: India’s Top 5 Travel Technology Pioneers

The travel technology landscape in India is vibrant and dynamic, with several key players driving innovation and enhancing the travel experience for millions. These companies have not only revolutionized the way travel bookings are made but have also significantly contributed to the growth of the tourism sector in the country. Here’s a closer look at the top 5 travel technology pioneers in India:

1. EaseMyTrip

EaseMyTrip stands out for its user-friendly platform and comprehensive travel solutions. Known for offering competitive airfares, hotel bookings, and holiday packages without convenience fees, EaseMyTrip has carved a niche for itself in the travel industry. Its commitment to providing value-driven services has made it a preferred choice among travelers seeking hassle-free travel planning.

2. MakeMyTrip

A trailblazer in the Indian travel technology sector, MakeMyTrip has been at the forefront of transforming how Indians travel. Offering a wide array of travel services, including flight bookings, hotel reservations, holiday packages, and more, MakeMyTrip is synonymous with convenience and reliability. Its innovative use of technology to enhance customer experience has set industry standards.

Yatra has firmly established itself as a leading travel technology company in India, offering diverse travel services across its platform. From domestic and international flights to hotels and holiday packages, Yatra provides a seamless booking experience. It is known for its excellent customer service and competitive pricing, making it a go-to platform for many travelers.

Goibibo is a key player in India’s travel technology landscape, renowned for its intuitive user interface and wide range of travel products. It specializes in providing affordable travel options, including flights, hotels, and bus bookings, making travel accessible to a broader audience. Goibibo’s continuous innovation in technology has enhanced its popularity among the younger demographic.

5. Cleartrip

Cleartrip rounds out the top five with its clean, simple, and efficient platform. It offers a hassle-free booking experience for flights, hotels, and trains, among other travel services. Known for its straightforward approach to travel planning, Cleartrip emphasizes transparency and ease of use, appealing to travelers who value simplicity and reliability in their travel arrangements.

India’s Travel Technology Triumph

These top 5 travel technology companies are revolutionizing the travel and tourism industry in India, making it easier and more accessible for people to explore the world. Their innovative platforms, emphasis on customer satisfaction, and commitment to providing value have set them apart as leaders in the field. As the travel industry continues to evolve, these companies are poised to play a pivotal role in shaping its future, driving growth, and enhancing the travel experience for millions of users.

India’s AI and Travel Technology Industry

India is on the cusp of a transformative era, marked by substantial investments in AI infrastructure and startups, projected to reach US$1.2 billion. The burgeoning AI market, expected to soar to US$17 billion by 2027, is poised to revolutionize various sectors, including travel technology. This investment signifies a major leap towards harnessing AI’s potential to drive innovation, sustainability, and enhanced customer experiences within the travel industry.

AI: The Catalyst for a Sustainable Travel Ecosystem in India

The Indian travel technology sector is witnessing a significant surge in investment, with an anticipated growth rate of 14% in 2024. The focus is sharply on integrating Environmental, Social, and Governance (ESG) initiatives, underpinned by the pivotal role of technology in fostering sustainable travel practices. A report by Amadeus underscores the industry’s commitment to ESG, with 58% of Indian travel companies set to augment their ESG investments in the coming year. The overwhelming consensus (91%) among industry stakeholders is that technology is indispensable in achieving sustainability goals, particularly in initiatives aimed at carbon footprint reduction and atmospheric CO2 removal, which 34% of respondents believe to hold the highest potential impact.

India Embracing Sustainability: Strategies and Challenges

The optimism towards achieving a sustainable future in travel is tangible, with 92% of industry professionals either having a concrete strategy in place or planning to adopt one in 2024 to meet sustainability objectives. Despite the enthusiasm, the path to sustainability is fraught with challenges, including financial constraints, technological limitations, and the need for executive support. Yet, the resolve remains strong within the global travel industry, with 79% of ESG decision-makers confident in the industry’s capacity to reach net zero emissions.

Easemytrip: A Case Study in Growth and Sustainability in India

Easemytrip exemplifies the potential for success in integrating technology and sustainability within the travel industry. The company’s recent financial performance, with a 9.6% increase in consolidated net profit to INR 456 million ($5.5 million) and an 18% year-on-year growth in operating revenue to INR 1.61 billion ($19.3 million) as of December 2023, highlights the robust demand and the efficacy of leveraging technology to enhance service offerings and operational efficiency. This success story not only reflects the financial viability of sustainable practices but also underscores the significant role of technological innovation in shaping the future of travel.

Navigating Towards a Sustainable and Technologically Advanced Future in India

India’s strategic focus on AI and travel technology investment marks a pivotal shift towards a more sustainable, efficient, and customer-centric travel industry. As the country harnesses the power of AI and technology, it sets a precedent for innovation, aiming to redefine the travel experience while addressing critical environmental challenges. The collective drive towards sustainability, backed by technological advancements and strategic investments, signifies a promising horizon for the Indian travel technology sector, aiming to achieve global leadership in creating a more sustainable and innovative travel ecosystem.

As we navigate through a transformative era in global tourism, the emergent roles of India and China stand as pivotal forces within the international travel landscape. The impending demographic milestone, wherein India’s population is set to surpass that of China, marks a significant juncture, positioning India as the world’s most populous nation. This demographic shift, coupled with the economic vigor of both countries, is profoundly influencing the global tourism sector. Nations across the globe are keenly adapting their tourism strategies, offering tailored experiences and easing travel restrictions to attract the burgeoning middle classes from India and China, recognizing their crucial influence on the future of travel and tourism.

Throughout this article, we’ve explored the multifaceted contributions of India and China to the global tourism narrative, spanning investment in the tourism sector, airline industry, hotel industry, travel technology, and the burgeoning field of AI. The world is increasingly attuned to the preferences and economic power of travelers from these nations, driving a global shift towards more inclusive, technologically advanced, and sustainable travel offerings. The engagement of countries in attracting these markets underscores a universal recognition of their potential to redefine the economics and cultural dimensions of global tourism. As we look towards the horizon, the influence of India and China on global tourism is poised not only for growth but for a redefinition of travel norms and practices, promising a new era where India Tourism, China Tourism, Investment in Tourism Sector, India Airline Industry, China Airlines Industry, India Aviation Industry, China Aviation Industry, Travel Technology Industry, and India Travel Technology Industry will significantly shape the essence and dynamics of travel experiences worldwide. This narrative heralds a future rich in opportunities for growth, innovation, and collaboration within the global tourism landscape, marking a new chapter in the story of international travel.

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• Foreign tourist arrivals in India will cross pre-pandemic level in 2024

Recent tourism data indicates an annual growth of 305.4 per cent in foreign tourist arrivals (FTAs) in 2023. In 2023, 9.23 million foreign tourists visited India. Although the FTAs arrival number is still less than the pre-pandemic number of 10.93 million in 2019, experts believe in 2024 we might cross the FTAs arrival number of pre-pandemic days.

• Updated On Apr 29, 2024 at 03:06 PM IST

Uttarakhand starts work to make Dehradun international airport starting with Kathmandu flights

While post covid domestic travel has staged new highs, international inbound is yet to recover fully. Foreign tourist arrivals (FTA) in 2019 were about 1.1 crore. In 2022 that figure was 62 lakh and last year it rose to 92.4 lakh. The industry is deliberating how to get FTAs not just back to 2019 levels but exceed the same. Increased direct international connectivity; more new tourism circuits and ease of visas have been the steps suggested by the industry to improve India’s FTAs.

• Published On Apr 29, 2024 at 03:06 PM IST

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Foreign tourist arrivals to India in 2024 to surpass pre-pandemic level: Experts

F oreign Tourist Arrivals (FTAs) to India in 2024 is expected to surpass the number during pre-pandemic time, reported news agency ANI citing experts. Industry experts believe that India is emerging to be a preferred destination for travellers amid increased conflicts in West Asia and the shift of foreign tourists from China after the Covid-19 pandemic.

According to the report citing recent tourism data, there has been an annual growth of 305.4 per cent in foreign tourist arrivals (FTA) in 2023. In 2023, 9.23 million foreign tourists visited India. Although the FTAs arrival tally is still less than the pre-pandemic number of 10.93 million in 2019, experts believe 2024 numbers will surpass it.

"In the last 12 months the inbound tourism has grown, and the hotels have had probably the best year ever. I think this trend is going to continue at double-digit growth for the next two to three years," ANI quoted Dipak Deva, MD, Travel Corporation of India, at an event 'Tres 2024' on the tourism industry by Tres India.

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The report says that foreign tourist footfall is expected to increase due to the recent orders by Indian airlines to acquire over 1000 aircraft as it will enhance accessibility and connectivity. In the last year, Air India, Indigo and Akasa have together ordered 1120 aircraft from Boeing and Airbus. Also, the number of airports in India has doubled to 149 in the last ten years, enhancing connectivity to tourism destinations in India.

"I believe that from January 2026, Air India is going to be one of the pillars of growth of inbound tourism to India after it signed a deal to acquire 470 aircraft from Airbus and Boeing" said Deva.

Deva further added, "The other major impact that I think is China, which used to be about 120 million inbound tourist destination, does not have that kind of demand anymore. So that has also resulted in India getting the opportunity to get more tourists."

Foreign Tourist Arrivals (FTAs) are expected to reach 30.5 million by 2028. Also, by 2028, India's tourism and hospitality industry is projected to generate revenue of over USD 59 billion. Notably, in 2023, the foreign exchange earnings were USD 28.07 billion.

By 2028, India's tourism and hospitality industry is projected to generate revenue of over USD 59 billion. Additionally, Foreign Tourist Arrivals (FTAs) are anticipated to reach 30.5 million by 2028. The foreign exchange earnings in 2023 were USD 28.07 billion.

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• Goa: Leading the charge towards sustainable tourism at ATM Dubai 2024

The Goa Tourism Pavilion at ATM Dubai will feature sustainable initiatives under the Regenerative Tourism approach which will focus on the pillars under this approach like hinterland exploration, restoration and replenish heritage sites, a journey towards spiritual tourism, and much more.

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• Published On Apr 27, 2024 at 05:00 PM IST

As the global travel and tourism industry gears up for the prestigious Arabian Travel Market (ATM) Dubai 2024 from 6th to 9th May 2024 at the Dubai World Trade Centre (DWTC), there's one destination that's poised to make a significant impact – Goa , India. Renowned for its pristine beaches, rich cultural heritage, and vibrant communities, Goa is set to showcase its commitment to sustainable tourism at ATM Dubai 2024 with this year’s theme: Transforming Travel Through Entrepreneurship. The Goa Tourism Pavilion at ATM Dubai will feature sustainable initiatives under the Regenerative Tourism approach which will focus on the pillars under this approach like hinterland exploration, restoration and replenish heritage sites, a journey towards spiritual tourism , and much more. Along with the 11 temples under the Ekadasha Teertha circuit and the exposition of St. Francis Xaviers at the Basilica of Bom Jesus, Old Goa, which is scheduled to take place after a decade, this year from November 21st 2024 until January 5th, 2025. Advt Suneel Anchipaka, IAS, Director Tourism & Managing Director GTDC said " The Goa Tourism pavilion will reflect the traditional, historical significance and the rich cultural heritage of Goa under Regenerative Tourism. There will be approximately 17 co-exhibitors like tour and travel operators, wedding planners, as we have roped in various planners and MICE representatives. One of our main focus will be on promoting MICE tourism in a massive manner, along with this, the Department of Tourism is in the process of forming the single window Wedding in Goa policy; to rope in more tourists as part of this initiative at ATM Dubai. Goa became the first state to launch Regenerative Tourism with hinterland tourism, spiritual tourism and various MICE tourism under it, all these initiatives are to attract inbound tourists and especially quality tourists. Through this mart, we aim to promote tourism within GCC countries, which have high-spending tourists so that they can visit Goa and explore the hidden gems our state has to offer. Through joint efforts with the Indian Embassy in Dubai, UAE, we underscore our commitment to engage with the global Goan community and harness their support in promoting Goa as a sustainable tourism destination, reinforcing their role as ambassadors for our region on the global stage. Events like ATM Dubai, the Goan diaspora not only strengthens ties between Goa and Dubai but also contributes to the growth of tourism in their homeland.” From May 6 to May 9, 2024, at the ATM Dubai at the Dubai World Trade Centre (DWTC), Stand No: AS7259, visitors to the Goa Pavilion will be treated to an immersive experience highlighting the region's pioneering initiatives in sustainable tourism. At the heart of our showcase is the concept of regenerative tourism – an approach that goes beyond conservation to actively restore and replenish natural and cultural resources while enhancing the well-being of local communities. Goa Tourism’s pavilion will exhibit the best of what Goa has to offer with the presence of Hon’ble Minister of Tourism, Mr. Rohan A Khaunte, Mr. Suneel Anchipaka, IAS, Director Tourism & Managing Director GTDC, Mr. Kuldeep Arolkar, Deputy Director Tourism, Government of Goa, Mr. Shawn Mendes, OSD to Tourism Minister and Mrs. Chitra Vengurlekar, Assistant Tourist Officer, Department of Tourism, Government of Goa, along with co-exhibitors from leading industries like tour operators, hoteliers and wedding planners. ATM Dubai’s theme for 2024 is on sustainable tourism and Goa being the first state to launch Regenerative Tourism, showcases just that; Sustainable & Responsible Tourism. Advt Goa Tourism’s participation at ATM Dubai isn't just about showcasing Goa's cultural and spiritual treasures – it's also about promoting sustainable practices that benefit both the environment and local communities. Through the pavilion, the state aims to inspire travelers to make conscious choices that support responsible tourism and contribute to the long-term well-being of our planet. At Goa's Pavilion, visitors can expect interactive exhibits, engaging discussions, and immersive experiences that highlight the symbiotic relationship between tourism and sustainability.

• Updated On Apr 27, 2024 at 05:00 PM IST

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RBI asks all regulated entities to review their lending practices

The regulator has also asked the entities to take corrective measures, including system-level changes.

Logo of Reserve Bank of India (RBI) put up at its headquarters, in Mumbai, Friday, April 5, 2024. (PTI: Photo/Shashank Parade)

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Explained: how to make payments using credit on upi, you can save on petrol spends with fuel credit cards: which are the best, can credit card be used beyond sanctioned limit all your queries answered, card devaluation: how to pick between axis bank magnus and hdfc regalia gold, pnb ties up with easemytrip to launch travel credit card: key features, around 20 critical mineral blocks to be put on sale by june-end: mines secy, construction sector firms' revenues to see 12-15% growth this fiscal: icra, telecom operators seek ban on illegal wifi devices running on 6 ghz, rental yields from housing assets in gurugram up 4.1%, says report, rising costs, strategy refresh: realtors reframe pricing in blueprint.

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First Published: Apr 29 2024 | 8:52 PM IST

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