Tag Archives: airlines

Tourism likely to contribute 3.5 per cent to India’s GDP by 2027

The direct contribution of travel and tourism sector — which reflects the net value of output generated by hotels, airlines, travel agents, other passenger transportation services (excluding commuter services), and restaurants and leisure industries directly supported by tourists — was expected to rise 6.9 per cent YoY in 2017, suggests a FICCI-KPMG report. This accounts for 3.3 per cent of the country’s GDP, and is expected to form 3.5 per cent of it by 2027. In accordance with its GDP contribution, the sector contributes significantly to job creation. The sector directly accounts for 5.8 per cent of the total employment in India. Further, the Indian travel and tourism sector is expected to have attracted capital investment of Rs 2,387.7 billion (USD35.2 billion) in 2017 — accounting for 5.7 per cent of the total national investment.

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India witnesses 6.17% increase in tourists from the USA

The Ministry of Tourism has clarified that the Foreign Tourist Arrivals (FTAs) in India from the USA during 2017 have registered a positive growth of 6.17 per cent over 2016. Since 2010, the number of FTAs from the USA in India has never declined. However, it is observed from the report of National Travel & Tourism Office (NTTO), USA, that the outbound tourists from the USA to India have declined by 7 per cent in 2017, as compared to 2016. The figures of outbound travellers in the report are 1,195,000 and 1,111,000 for the years 2016 and 2017, respectively. In the said report released by NTTO, it is also mentioned that traveller volume is based on the US Department of Homeland Security Advanced Passenger Information System wherein all airlines are required to electronically submit passenger data on flights arriving into and departing from the United States. Thus, it is obvious that the source of data for the report is only airlines reporting. In the cases where direct flight between the USA and India is not operating, it is not known whether the final destination is reported as India by the passengers. Moreover, departures at international check posts other than airports are not captured in the report.

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India dominates domestic airline growth chart

According to IATA, India has topped the domestic growth chart for the 11th consecutive month with a 22.7 per cent year-on-year traffic growth in October, supported by significant growth in real consumer spending and increases in the number of airport pairs served. Asia-Pacific airlines’ traffic rose 7 per cent in October compared to the year-ago period. Capacity rose 7.1 per cent and load factor dipped 0.1 percentage point to 76.9 per cent. The strong upward trend in seasonally-adjusted traffic has slowed in recent months, although it is too soon to determine whether this is an actual weakening or just a brief pause. On the other hand, the Asia-to-Europe market, which is highly sensitive to shock events, is continuing to recover.

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