Tag Archives: Travel and Tourism

Julia Simpson, President and CEO, World Travel & Tourism Council (WTTC), has revealed in the latest report that travel and tourism will contribute almost ₹42 trillion and about 64 million jobs to India’s economy by 2035. However, the country will need to invest more heavily in infrastructure and destination marketing to remain competitive and sustain the growth momentum in the sector, she added.

The report ‘Scaling Up Sustainable Fuel’ by WTTC warns that unless the travel and tourism sector acts collectively, SAF mandates introduced by governments, requiring a 5% to 10% blend by 2030, could increase travel costs and limit consumer choice. With Travel and tourism forecast to generate $16.5 trillion and support over 460 million jobs by 2035, scaling up sustainable fuel is an economic imperative.

In a significant step towards academic excellence, the Assam down town University (AdtU) join hands with VFS Global Academy to introduce two dynamic programmes in travel and tourism. The university will offer a BBA in Travel & Tourism Management and a Master’s in Travel & Tourism Management, aiming to prepare students for the rapidly growing global travel and tourism sector.

India’s travel and tourism sector is set for significant expansion. Its valuation is expected to more than double to $523 billion over the next decade. According to Julia Simpson, President, WTTC, the sector, which currently contributes around 7% to India’s GDP and employs approximately 45 million people, is projected to support 63 million jobs by 2034.

According to IBEF’s report on ‘Growth of Tourism and Hospitality Industry’, travel and tourism are the two largest industries in India with a total contribution of about $178 billion to the country’s GDP. With this, the travel market in India is projected to reach $125 billion by FY2027, while the foreign tourist arrival is expected to touch 30.5 million by 2028.

In an exclusive interview with Ayyappan Rajagopal, Chief Executive Officer of Cleartrip, quotes that same old mundane itinerary would not work anymore; clients/customers demand and want new experiential and unique itineraries to attract a greater number of loyal clients.