Trade Analytics
Tourism and Hospitality
The World Travel and Tourism Council forecasts Indian tourism sector to grow at annual average growth rate of 7 per cent over the next ten years.

Growth of Tourism and Hospitality Industry - Infographic

Latest update: December, 2017

  • In CY2017, foreign tourist arrival in India stood at 10.177 million and reached 2.12 million in CY 2018 (up to February).
  • Foreign tourist arrivals into the country is forecast to increase at a CAGR of 7.1 per cent during 2005–25
  • The number of Foreign Tourist Arrivals (FTAs) in February 2018 were 1.05 million as compared to FTAs of 956,000 in February 2018 and 849,000 lakh in February 2016.
  • The growth rate in FTAs in February 2018 over February 2017 was 10.1 per cent.
  • The Government of India has set a target of 20 million foreign tourist arrivals (FTAs) by 2020 and double the foreign exchange earnings as well.
  • The Government of India is working to achieve 1 per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025.
Growth

Notes: CY – Calendar Year, E- Estimated, *up to February 2018
Source: World Travel & Tourism Council’s Economic Impact 2017, Ministry of Tourism 12.

  • The sector’s total contribution to GDP stood at US$ 208.9 billion (9.6 per cent of GDP) in 2016 and is forecast to rise by 6.7 per cent in 2017, and to rise by 6.7 per cent pa to Rs 28,491.8 billion (US$ 424.5 billion), 10 per cent of GDP in 2027.
  • In February 2018, the country earned foreign exchange of around US$ 2.706 billion, from the tourism sector.
Growth

Notes: The definition of direct, indirect and induced contribution is specified in the glossary, E- Estimated, F - Forecast
Source: World Travel & Tourism Council’s Economic Impact 2017, News Article

 

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