Domestic travel spending 74.4 per cent more than foreign tourist spend in 2018

A report by India Brand Equity foundation, titled Tourism & Hospitality, revealed that domestic tourists will lead the growth of tourism in terms of spending. The share of foreign tourist spending in 2018 was 12.8 per cent, while that of domestic visitor spending was 87.2 per cent, which was 74.4 per cent more. The report estimated the domestic travel revenues at US$ 215.38 billion in 2018, which is anticipated to further increase to US$ 40.5.8 billion by 2028.