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1、TOURISM&HOSPITALITYForupdatedinformation,pleasevisitwww.ibef.orgOCTOBER2018TableofContentExecutiveSummary.......................................3AdvantageIndia...............................................4MarketOverview..............................................6RecentTren
2、dsandStrategies....................16GrowthDrivers................................................19Opportunities..................................................28IndustryAssociations....................................32UsefulInformation….....................................
3、34EXECUTIVESUMMARY?Indiaranked7thamong184countriesintermsoftravel&tourism’stotalcontributiontoGDPin2017.India’sforeignexchangeearnings(FEEs)fromtourismincreasedby20.8percentduringCY2017toreachUS$ContributiontoGDP27.693billion.DuringJanuary-August2018,FEEsfromtourismincreased11.
4、8percent*year-on-yeartoUS$aboveworldaverage19.46billion.?InIndia,thesector’sdirectcontributiontoGDPisexpectedtogrowby7.1percentperannumduring2018-28.?Thetravel&tourismsectorinIndiaaccountedfor8percentofthetotalemploymentopportunitiesgeneratedinCreatinghigherthecountryin2017,pro
5、vidingemploymenttoaround41.6millionpeopleduringthesameyear.Thenumberisemploymentexpectedtoriseby2percentannumto52.3millionjobsby2028.?Travel&tourism’scontributiontocapitalinvestmentinIndiaisprojectedtogrow6.7percentperannumduringHigherinvestments2018–28.Increasingvisitor?Contri
6、butionofvisitorexportstototalexportsisestimatedtoincrease5.5percentperannumduring2018–exports2028.?Electronictouristauthorisations,knownasE–TouristVisa,launchedbytheGovernmentofIndiahaveresultedinincreaseinnumberoftouristvisaissuedinthecountry.Thefacilityhasbeenextendedtocitize
7、nsNewVisaReformsof163countriesasofMarch2018.?Arrivalsthroughe-visaincreasing57.2percentto1.697millionduringCY2017.DuringJanuary-August2018,arrivalsthroughe-visaincreased49.5percentyear-on-yearto1.42million.Note:CY-CalendarYear,*-IncreasedinUS$termsSource:WorldTravel&TourismCoun
8、cil’s(WTTC’s)EconomicImpact2018,MinistryofTourism3Tour
