ITAs to India grew at a CAGR of 7.4 per cent YOY

A CAPA India Inbound Tourism Report reveals that data from the Ministry of Tourism (MoT) shows that International Tourist Arrivals (ITAs) in India grew at a CAGR of 7.4 per cent in the three years to 2017. The report further tells that according to the World Tourism Organisation (UNWTO), ITAs globally registered strong year-on-year growth of 6.7 per cent in 2017, to reach 1,322 million. This is the highest growth rate achieved for the last seven years. The last time visitor arrivals growth was this strong was in 2010, when the sector was rebounding after a decline in tourist arrivals during the prior year due to the global financial crisis.
Europe reported the strongest growth in 2017, with 8.4 per cent higher international arrivals (671 million), followed by Africa at 7.8 per cent. Asia Pacific (5.8 per cent), the Middle East (4.8 per cent) and the Americas (2.9 per cent) — all grew at below-the-global-average rate. However, over a 10-year period from 2007 to 2017, Asia Pacific reported the highest average annual growth rate amongst all regions at 6.2 per cent.