Tag Archives: 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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With 1123 aircraft on order and 620 in use, India has the highest fleet ratio: CAPA

Amongst the 10 largest fleets in the world by country, India has the highest ratio of aircraft on order to aircraft in-service, according to a latest report by CAPA India.  In India, for example, the propensity to fly is 0.1 trips per capita today but by 2037 will rise to 0.4, or roughly four times greater. A survey questioned 20,000 people from 18 countries and found that 56 per cent of the people surveyed coming from emerging countries saw themselves first and foremost as global citizens. In India, this figure was 67 per cent. The BBC suggests this is partly because “…the world as a whole is becoming more prosperous and air travel is becoming more affordable to the rising middle classes.”

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One-third of new hotel signings in India emerge from Tier-III markets

Rapid urbanisation in India is increasingly making Tier-III markets more relevant in the eyes of the hotel brands, according to a ‘India Hospitality Industry Review’ report by HVS Anarock. Nearly a third of new hotel signings emerge from these markets despite hotels being much smaller than those located in Tier-I markets. This is also happening on account of newer hotel management companies setting shop as also the smaller ones looking to grow rapidly through franchise or management agreement of smaller stand-alone hotels in Tier II, III cities.  

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Over 30,000 branded hotel rooms to be developed in India by 2021-22

An HVS report titled ‘Hotels in India: Trends and Opportunities’ forecasts over 30,000 branded hotel rooms to be developed in the country over the next three years, taking the total anticipated branded supply to 1,49,276 rooms by 2021-22. The highest percentages of supply actively under development are in Chennai (94 per cent), followed by Hyderabad (89 per cent) and Bengaluru (72 per cent). The mid market segment continues to dominate the new supply pipeline accounting for 44.1 per cent of the proposed rooms.

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Finland witnesses 15 per cent growth in Indian tourist arrivals in 2018

Finland witnessed a 15 per cent growth in Indian arrivals in 2018 and over 80,000 overnights, informed Jukka Holappa, Commercial Counsellor, Country Head—India and Sri Lanka, Business Finland, at VisitFinland and India Workshop 2019 held in Delhi on February 25. Speaking at the event, he said, “The numbers from India have been growing. At our roadshows in Delhi and Mumbai, we have 10 partners from Finland and are looking at a participation of about 70-80 agents in each city. Indians usually like to explore more countries in one single visit, often going to Russia and Estonia; we are hoping to get them to stay longer in Finland.” Holappa claims that the they are committed to support, educate and grow the business for their travel partners. “It’s our role to educate the travel agents on Finland but the Indian travel trade needs to educate us to manage Indian travellers as well,” he concluded. He also informed that Lapland is very popular with Indians as they love to see the Northern Lights.

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Europe-India airline seat numbers grew by 12.9 per cent in 2018

India is only the ninth largest country market outside Europe for international airline seats from Europe in 2018, reports a study by CAPA – Centre for Aviation. However, if North Africa and the Middle East are excluded, India is Europe’s number four long haul market, behind only the US, China and Canada. Among these leading long haul markets, Europe-India seat numbers grew fastest in 2018 versus 2017, with an increase of 12.9 per cent compared with 6.7% for the US, 10.9% for China and 7.3% for Canada. The annual seat capacity from Europe to India has enjoyed strong growth in each of the past two years, increasing by 9.4% in 2017 and 12.9% in 2018. The total number of seats (one way) in this market reached 5.0 million in 2018 (compared with 45 million for Europe-US) – a 30% increase from the low point of 3.8 million in 2013.

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India and Maldives to liberalise visa norms from March 11, 2019

India and Maldives exchanged diplomatic notes for the implementation of the visa facilitation agreement with an aim to boost people-to-people ties between the two countries. The agreement provides a very liberal visa regime for Maldivian nationals to visit India for tourism, business, education and medical purposes. It will be effective from March 11 after all formalities including information being provided to all immigration offices, border points and customs authorities have been completed. The agreement was signed during Maldivian President Ibrahim Solih’s visit to India on December 17 last year. The exchange of diplomatic notes follows the signature of the agreement by President Ram Nath Kovind after the Union Cabinet had given its approval, read a statement from the Ministry of External Affairs (MEA). Relations between New Delhi and Male came under strain during former President Abdulla Yameen’s five-year rule, which saw him cosying up with China for various development projects, cracking down on dissent and imposing a state of emergency by jailing opposition leaders. Moreover, there were several diplomatic issues under the Yameen government with many Indian nationals being reportedly denied visas. Solih’s surprise victory in the Maldives presidential elections in last September came as a major diplomatic victory for India, after New Delhi repeatedly warned the Yameen government to respect democratic institutions and free the jailed opposition leaders.    

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India becomes fastest growing domestic aviation market 4th year in a row: IATA

The domestic aviation market in India has registered the fastest growth for the fourth year in a row in 2018, according to a recent report by International Air Transport Association (IATA). The year-end aviation data analysis by IATA revealed, “The India domestic market recorded the fastest full-year domestic growth rate for the fourth year in a row (18.6 per cent), followed by China (11.7 per cent).” In fact, India recorded its 50th consecutive month of double-digit annual growth in October. Other than India and China, Russia (9 per cent), USA (5.1 per cent) and Brazil (4.8 per cent) were among the top five fastest growing domestic air travel markets. According to the IATA report, globally, revenue passenger kilometers (RPKs) rose by 6.5 per cent in 2018, slower than the 8 per cent growth registered in 2017.  

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Business travel in India to grow by 11.5 per cent in 2019

FCM Travel Solutions and KPMG’s recent whitepaper titled ‘Redefining Corporate Travel Management’ forecasts that the total market for business travel in India is projected to grow at an annual rate of 11.5 per cent and a spend of up to USD 46 billion in 2019. In the past year, rise in annual growth of business travel spend for India has been the highest among the top 15 business travel markets globally. Consequently, India surpassed South Korea to reach seventh position in the top 15 business travel markets (by spend) globally and is projected to be in the top five by 2022. It is forecasted to be one of the fastest growing markets over the next five years, growing at the rate of 12.5 per cent over the forecasted period.

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India records fastest domestic aviation growth of 18.6 per cent: IATA

The India domestic market posted the fastest full year domestic growth rate for the fourth year in a row (18.6 per cent), according to an International Air Transport Association (IATA) report. Domestic demand in India was underpinned by a robust economic expansion as well as by increasing number of domestic pairs. The country recorded its 50th consecutive month of double-digit annual growth in October. .“While globally, domestic air travel climbed 7 per cent last year, which remained unchanged from the rate in 2017. All markets showed annual growth, led by India and China, which both posted double-digit annual increases,” the report added.

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