Tag Archives: inbound

According to the Travel and Tourism Development Index (TTDI) 2024 report published by the World Economic Forum (WEF), India ranked 39th among 119 countries. In the previous index published in 2021, India was ranked 54th. However, due to a revision in the WEF’s methodology, India’s 2021 rank was adjusted to 38th place.

Tourism, hospitality and aviation are among the worst affected sectors that are facing the maximum brunt of the present crisis, revealed a report on impact of COVID-19 on Indian economy by FICCI. The survey suggests that there has been a drop in both inbound and outbound tourism of about 67% and 52% respectively since January to February as compared to the same period last year, owing to large scale cancellation of travel plans by both foreign and domestic tourists. Of all the segments of the hospitality sector, the M!CE segment has been hit the most with the cancellation of major trade events. The tourism industry expects the situation to further deteriorate in March and in the forthcoming summer season i.e. April-June, says the report.

From the US, the highest number of bookings happen in September and October, accounting for 21% of all bookings. Even in January there is a peak of 10% from US. From United Kingdom there are 2 periods of peak bookings— January, which accounts for 12% of booking volume and the period September to November, which accounts for 29% of booking volume. Both USA, UK have two peak periods, reveals an analysis of time of actual 2019 inbound bookings data to India by Forwardkeys, from 3 important long-haul source markets – USA, UK and Australia. Australia, being in the Southern Hemisphere has one peak booking peak period – July August September which account 32% of all bookings.