Easy accessibility, improved communication, the wide usage of World Wide Web through the internet has made the world a smaller place. This has encouraged people to travel across the globe and visit places of their interest. The Indian Tourism Sector is witnessing a positive upward trend which is more likely to move in the same direction in the near future.
Indian Tourism Industry Forecast (2007-2011) focuses on different parameters of tourism industry including: inbound tourism, outbound tourism, expenditure by inbound tourists, and medical tourism in India. Today, the Indian tourist is all the more eager to spend more for his holidays and adventures both on domestic as well as foreign travel due to the rise in disposable income. On the other hand the foreign tourists are eager to explore India as well as for their health treatment. Currently Medical tourism is now a US$ 299 million industry with 100,000 patients coming each year which can easily go up to US$ 1.7 billion. Liberalization efforts on the part of Indian government such as limited open sky policy, entry of low cost carriers leading to reduced fares, allowing domestic airlines to fly on few international destinations.
Australia opened its first tourism office in India to seize the opportunities in the Indian tourism market in 2007 and also offers new online tourist visa for Indian visitors as they expect double growth in the Indian outbound tourism. Indian outbound tourist flow is expected to increase at a CAGR of 12.79% over the five-year period spanning 2007-2011.
The Indian hotel industry is generating more than 50% of its revenue through rents. Tourist influx to India is expected to increase at a CAGR of 22.65% between 2007 and 2011. India’s share in global tourism is expected to reach 1.5% by 2010, already its inbound tourist expenditure per head is the third highest in the world. The entire tourism sector and its allied industry are promoting healthcare facilities in order to attract more tourists; this is expected to reach one million by 2012.
Indian Tourism Industry Forecast (2007-2011) focuses on different parameters of tourism industry including: inbound tourism, outbound tourism, expenditure by inbound tourists, and medical tourism in India. Today, the Indian tourist is all the more eager to spend more for his holidays and adventures both on domestic as well as foreign travel due to the rise in disposable income. On the other hand the foreign tourists are eager to explore India as well as for their health treatment. Currently Medical tourism is now a US$ 299 million industry with 100,000 patients coming each year which can easily go up to US$ 1.7 billion. Liberalization efforts on the part of Indian government such as limited open sky policy, entry of low cost carriers leading to reduced fares, allowing domestic airlines to fly on few international destinations.
Australia opened its first tourism office in India to seize the opportunities in the Indian tourism market in 2007 and also offers new online tourist visa for Indian visitors as they expect double growth in the Indian outbound tourism. Indian outbound tourist flow is expected to increase at a CAGR of 12.79% over the five-year period spanning 2007-2011.
The Indian hotel industry is generating more than 50% of its revenue through rents. Tourist influx to India is expected to increase at a CAGR of 22.65% between 2007 and 2011. India’s share in global tourism is expected to reach 1.5% by 2010, already its inbound tourist expenditure per head is the third highest in the world. The entire tourism sector and its allied industry are promoting healthcare facilities in order to attract more tourists; this is expected to reach one million by 2012.
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