India’s domestic travel spending to grow by 7.3 in 2018: WTTC

According to a report by WTTC,  domestic travel spending is expected to grow by 7.3 per cent in 2018 to Rs 12,999.5 billion, and rise by 7.4 per cent per annum to Rs 26,427.8 billion in 2028. The domestic travel spending has generated 87.2 per cent of direct Travel and Tourism GDP in 2017 compared with 12.8 per cent for visitor exports (ie foreign visitor spending or international tourism receipts), the report said. Visitor exports are expected to grow by 8.8 per cent in 2018 to Rs 1,934.1 billion, and rise by 5.5 per cent per annum to Rs 3,316.4 billion in 2028.