India: India Tourism Profile 2012
2012/03/13
India Tourism Profile 2012
March 23, 2012
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 major service industry in India;
During the review period, India’s tourist volumes increased due to a variety of factors, with some of the majority notable being robust world economic increase, government initiatives such as granting of export home 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 estimate 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 as well expected to record high increase in the number of medical tourists arriving from developed nations. 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 estimate period.
India is of the top tourist destinations in the world and tourist volumes have registered strong increase in the last years. Tourist volumes are expected to grow at over 11% annually until 2015, with health and wellness tourism recording particularly strong increase due to the high healthcare costs in Western nations and the high-quality medical facilities offered in India.
There are considerable opportunities for capital investment. Air transport in India is still in the increase phase, and the rising request and increasing buying power has made this sector very attractive. However, infrastructure bottlenecks, poor hygiene standards, delays in policy frameworks and crime rates are part the major challenges that need to be addressed before the full increase potential of India's travel and tourism sector can be harnessed.
2009 witnessed a decline in inbound traffic
Tourism Statement Q4 2010
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