Tag Archives: CAPA India

India’s GDP to reach USD492 billion in 2028: WTTC

WTTC forecasts the total contribution of Travel and Tourism to India’s GDP will more than double from USD234 billion in 2017 to USD492.2 billion in 2028. Besides the direct contribution of travel and tourism to national GDP, the sector’s induced contribution increased 6.6 per cent per annum between 2012 and 2017, while indirect contribution grew at 7.5 per cent during the period, CAPA India’s Inbound Tourism Report reveals. The sector can support job opportunities in rural opportunities in rural communities — where they are needed the most, especially in developing countries like India. Additionally, for developing economies, travel services were consistently the lead contributer towards service exports between 2006 to 2016.

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India is highly dependent on long haul source markets for tourists

The majority of India’s inbound tourists (60.6 per cent) are from long haul source markets, that is, greater than six hours’ flights, according to a latest report by CAPA India research and analysis. Most of the world’s largest tourism destinations receive the largest proportion of their visitors from short and medium haul markets. This distance puts India at a strategic disadvantage in terms of cost and ease of access and increases the number of potential destinations it competes with that lie within a similar arc. It is relatively less well-placed to attract travellers planning short, spontaneous breaks.

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