Tag Archives: employment

Mastercard and Invest India recently announced the launch of priceless.com programme in India. Addressing the event, Nivruti Rai, Managing Director & CEO, Invest India said, “Promoting tourism with technology can open new experiences and create 137 million additional jobs by 2030.”

Julia Simpson, President and CEO, WTTC, has said that in 2022, there were 37.2 million people employed in the travel and tourism sector in India. “By the end of this year, we expect 39 million people to be employed in this sector,” she added.

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.