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India
Tourism & Leisure Sector Review
Definition and scale of sector
- Attractions, accommodation,
- Catering,
- Public realm management,
- Information services,
- Intermediary services,
- Catering, supplies,
- Leisure goods,
- Presentational arts
Why the sector was chosen in the West Midlands
- Significant employment growth potential - although highly concentrated in certain parts of the region around specific types of product.
- Potential for expansion of heritage-related, business and sports-related tourism.
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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
FOR THE FULL REPORT PLEASE CLICK HERE
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.
Source: India Brand Equity Foundation (IBEF)
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