The number of premium rooms across 12 key cities is likely to go up from 82,800 in FY2018 to 98,900 as on FY2023, with ICRA research tracking about 16,100 premium rooms under construction and to be launched over the next five years. The Indian hotel industry witnessed its highest ever 10-year occupancy in FY2018 and its revenue per available room (RevPAR) was higher by 17 per cent compared to the 10-year low, witnessed in FY2014. Similarly, the pan-India average room rate (ARR) which stood at Rs 5,800 in FY2018, was also the highest since FY2014, according to a recent research by ICRA. Foreign Tourist Arrivals (FTAs) into India slowed down from April 2018 onwards due to the Nipah virus scare and diversion of traffic to other global events such as the soccer world cup in Russia. While the FTAs growth picked up in Aug 2018, the Kerala floods impacted it in Sep and Oct 2018. Kerala witnessed decline in FTAs in Q2 (-4.6 per cent) and Q3 CY2018 (-13.6 per cent). In addition, there was general weakness in the global ITAs during Q3 CY2018. As for the domestic demand momentum, it has remained strong; the domestic revenue passenger kilometre (RPKM), a proxy for domestic travel grew by a robust 20.3 per cent year on year (YOY) in YTD October CY2018 at ~ 10.5 million passengers. Domestic demand in FY2019 will continue to be driven by increased air connectivity and higher appetite for domestic leisure travel. On the supply side, the supply of room is likely to lag demand over the medium term and grow at a subdued CAGR of 3.6 per cent over the next five years (FY19-23).
Read More »Tourism is the future of India: Alphons at 14th CII Annual Tourism Summit
Addressing delegates during the inaugural ceremony of 14th CII Annual Tourism Summit in Delhi, KJ Alphons, Union Minister of State (I/C) Tourism, said that tourism is the future of India. “Tourism is the future of the country. Foreign tourist arrivals (FTAs) have gone up by 14 per cent, while the global figures were at 7 per cent. Approximately, 84 million people are currently employed by the tourism industry across the country,” he said. Suggesting ways to keep tourists for longer in the country, he said, “We are also thinking in terms of further visa reforms. I think Yoga and Ayurveda are the two things that can bring wellness and help us to keep tourists for longer in our country. Tourism is about jobs, money and bringing the world together. We have ambitous targets and we all can achieve them together.”
Read More »India witnesses 7.9% growth in FTAs from January to June 2018 YOY
India has witnessed a total of 51,63,343 Foreign Tourist Arrivals (FTAs) in 2018, a growth of 7.9% compared to 2017, reveals a latest report ‘India Tourism Statistics at a glance 2018’ by the Ministry of Tourism (MoT). Last year, from January to June, the country saw 47,84,847 FTAs. However, in 2016, there were 41,68,864 FTAs during the same months. When compared, an increase of 14.8% was found in FTAs from 2016 to 2017. The report also mentions that in FY2016-17, the months of April and June saw 21.3% increase in the number of FTAs – the maximum in the year. In April 2016, there were 5,92,004 FTAs in the country, whereas 7,17,899 in 2017. The report also highlights that in the current year, March 2018 records the highest percentage (18%), with 10,25,830 FTAs in India.
Read More »Foreign Exchange Earnings grow by 17% in 2017 over 2016
Foreign Exchange Earnings (FEEs) during 2017 were USD 27,742 mn with a growth of 17.0 per cent over 2016, according to a recent report on inbound tourism by FICCI and Yes Bank. This growth trend is dependent on many external factors including exchange rate and socio–political scenario. However, despite global undulations, FEEs have consistently contributed a significant share to the tourism GDP of India. The rising flow of Foreign Tourist Arrivals (FTAs) is clearly a function of the stellar growth performance of emerging tourism trends like MiCE along with spiritual travel and medical tourism. Furthermore, it goes without saying that FTAs have been able to garner considerable resources for the country and started contributing significantly to the economy.
Read More »4.4% growth in foreign tourist arrivals in April YOY
Foreign Tourist Arrivals (FTAs) this April were 7,49,477 as compared to 7,17,899 in April 2017, according to the latest data released by the Ministry of Tourism. The growth rate in FTAs in April 2018 over April 2017 was 4.4 per cent. FTAs during the period January-April 2018 were 38,76,021 as compared to 34,98,969 in January-April 2017 registering a growth of 10.8%. The percentage share of Foreign Tourist Arrivals in India during April 2018 among the top 15 source countries was highest from Bangladesh (24.32%) followed by USA (11.21%), UK (9.14%), Sri Lanka (3.48%), Australia (3.33%), Malaysia (3.06%), China (2.62%), Canada (2.53%), Germany (2.48%), France (2.33%), Japan (2.22%), Russian Federation (2.07%), Thailand (1.70%), Afghanistan (1.65%) and Nepal (1.64%).
Read More »13.4% growth in foreign tourist arrivals in March YOY
Foreign Tourist Arrivals (FTAs) this March were 10.26 lakh as compared to FTAs of 9.05 lakh in March 2017, according to the latest data released by the Ministry of Tourism. FTAs during the period January-March 2018 were 31.27 lakh with a growth of 9.9 per cent over the same period of previous year. The percentage share of FTAs in India during March 2018 among the top 15 source countries was highest from Bangladesh (19.59 per cent) followed by UK (11.56 per cent), USA (10.79 per cent), Russian Federation (3.89 per cent), Sri Lanka (3.72 per cent), Malaysia (3.36 per cent), Canada (3.35 per cent), Germany (3.19 per cent), China (2.67 per cent), Australia (2.62 per cent), France (2.58 per cent), Japan (2.11 per cent), Thailand (2.00 per cent), Singapore (1.64 per cent) and Afghanistan (1.60 per cent).
Read More »10.1% growth in foreign tourist arrivals in February YOY
Foreign Tourist Arrivals (FTAs) this February were 10.53 lakh as compared to FTAs of 9.56 lakh in February 2017 and 8.49 lakh in February 2016, according to the latest data released by the Ministry of Tourism. The growth rate in FTAs in February 2018 over February 2017 was 10.1 per cent as compared to 12.7 per cent in February 2017 over February 2016. FTAs during the period January-February 2018 were 21.19 lakh with a growth of 9.2 per cent over the same period of previous year, as compared to the FTAs of 19.40 lakh with a growth of 14.6 per cent in January-February, 2017 over January-February, 2016. The percentage share of FTAs in India during February 2018 among the top 15 source countries was highest from Bangladesh (18.28 per cent) followed by USA (12.40 per cent), UK (11.75 per cent), Canada (4.36 per cent), Russian Federation (4.20 per cent), France (3.24 per cent), Malaysia (3.14 per cent), Germany (3.04 per cent), Sri Lanka (2.89 per cent), China (2.33 per cent), Japan (2.09 per cent), Thailand (1.92 per cent), Afghanistan (1.65 per cent) and Nepal (1.41 per cent).
Read More »58.5% growth in FTAs on eTV in Jan 2018 over Jan 2017
The number of Foreign Tourist Arrivals (FTAs) in January 2018 was 10.66 lakh as compared to FTAs of 9.83 lakh in January 2017 and 8.45 lakh in January 2016. The growth rate in FTAs in January 2018 over January 2017 was 8.4 per cent, compared to 16.4 per cent in January 2017 over January 2016. During January 2018, a total of 2.40 lakh foreign tourists arrived on e-Tourist Visa as compared to 1.52 lakh during the month of January 2017 registering a growth of 58.5 per cent. The percentage share of Foreign Tourist Arrivals (FTAs) in India during January 2018 among the top 15 source countries was highest from Bangladesh (16.36%) followed by USA (14.10%), UK (10.81%), Canada (4.63%), Russian Federation (4.49%), Australia (3.60%), France (2.76%), Germany (2.64%), Malaysia (2.63%), Sri Lanka (2.59%), China (2.27%), Japan (2.08%), Republic of Korea (1.93%), Afghanistan (1.86%) and Nepal (1.59%). The percentage share of top 15 source countries availing e-Tourist Visa facilities during January, 2018 was as follows: UK (18.6%), USA (10.6%), Russian Fed (6.5%), France (5.4%), Canada (5.3%), China (4.8%), Australia (4.3%), Germany (4.0%), Korea (Rep.of) (3.9%), Oman (3.4%), Italy (2.4%), Thailand (1.9%), Israel (1.4%), Netherlands (1.4%), and South Africa (1.4%). The percentage share of Foreign Tourist Arrivals (FTAs) in India during January 2018 among the top 15 ports was highest at Delhi Airport (28.03%) followed by Mumbai Airport (17.47%), Haridaspur Land Check Post (7.63%), Chennai Airport (7.17%), Goa (6.19%), Bengaluru Airport (5.16%), Kolkata Airport (4.81%), Cochin Airport (3.77%), Ahmadabad Airport (3.01%), Hyderabad Airport (2.56%),Gede Rail Land Check Post (1.82%), Trivandrum Airport (1.56%), Tiruchirapalli Airport (1.25%), Ghojadanga Land Check Post (1.11%), Amritsar Airport (1.01%).
Read More »48.3% growth in FTAs on e-TV in December y-o-y
The number of Foreign Tourist Arrivals (FTAs) in December 2017 was 11.76 lakh as compared to FTAs of 10.21 lakh in December 2016 and 9.13 lakh in December 2015. The growth rate in FTAs in December 2017 over December 2016 has increased to 15.2 per cent, compared to 11.9 per cent in December 2016 over December 2015. FTAs in 2017 were 101.77 lakh with a growth of 15.6 per cent over 2016, compared to FTAs of 88.04 lakh with a growth of 9.7 per cent in 2016 over 2015. The percentage share of Foreign Tourist Arrivals (FTAs) in India during December 2017 among the top 15 source countries was highest from Bangladesh (19.04%) followed by USA (16.90%), UK (10.41%), Australia (5.31%), Canada (3.85%), Russian Fed. (3.79%), Malaysia (3.11%), Germany (2.08%), China (2.06%), Sri Lanka (2.01%), Singapore (1.85%), France (1.81%), Japan (1.64%), Thailand (1.60%) and Italy (1.44%). The percentage share of Foreign Tourist Arrivals (FTAs) in India during December 2017 among the top 15 ports was highest at Delhi Airport (25.80%) followed by Mumbai Airport (17.31%), Haridaspur Land Check Post (9.75%), Chennai Airport (6.36%), Bengaluru Airport (5.33%), Dabolim (Goa) Airport, (5.29%), Kolkata Airport (4.95%), Cochin Airport (3.92%), Hyderabad Airport (3.02%), Ahmadabad Airport (2.63%), Gede Rail Land Check Post (1.94%), Trivandrum Airport, Trichy Airport (1.44%), Ghojadanga Land Check Post (1.26%) and Sonauli Land Check Post (1.14%).
Read More »Nearly 2 lakh hotel room deficiency for tourists in India: MOT
While the tourism sector in India has gained huge impetus in recent times, the lack of infrastructure to support the surge in tourism has now caught the eye of the sector. In a recent statement, Tourism Ministry officials have revealed that India has a shortage of nearly 2 lakh hotel rooms and is struggling to manage the acceleration in tourist arrivals. “We are plagued with a huge shortage of hotel rooms and instead of building new ones, we are trying to encourage homestays and exploring other alternatives like tying up with existing known brands with operational hotels and accrediting them,” said a senior official. The MOT is also working on creating five special tourism zones in the country so that these areas can be developed into tourist hotspots, officials said. According to a report of the working group on tourism for the 12th Five Year Plan (2012-17), for a projected annual growth of 12 per cent in foreign tourist arrivals (FTAs), the projected requirement of additional hotel rooms in 2016 over 2010, was estimated to be 1,90,108.
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