Travel and tourism investment is expected to rise by 6.7 per cent per annum over the next 10 years to Rs 5,546.3 billion in 2028, according to FICCI-Yes Bank Knowledge Paper titled ‘Tourism Infrastructure Investments- Leveraging Partnerships for Exponential Growth’. Usha Padhee, Joint Secretary, Ministry of Civil Aviation, said that the tourism and civil aviation ministries are engaging continuously to identify solutions and implement them for the growth of both the sectors. “The way forward is a focused approach for evolving tourist places under the aviation connectivity scheme and expanding existing routes under UDAN scheme including helicopter routes in hilly and north-eastern regions. This will provide good infrastructural support to the tourism sector,” said Padhee. She also added that the Ministry of Civil Aviation is working to remove bottlenecks in remote and regional areas by providing proper navigation means, technology, better security and safety. Dr Jyotsna Suri, Past President, FICCI & Chair, FICCI Tourism Committee and CMD, Lalit Suri Hospitality Group, in her address said that increasing connectivity will boost tourism, adding that ‘one flight per day to Khajuraho will build the demand eventually’. Dipak Deva, Co-Chair, FICCI Tourism Committee and MD, SITA, TCI & Distant Frontiers also presented his views on the growth of tourism in the country at the 4th Tourism Investors Meet held in Delhi.
Read More »10th Great Indian Travel Bazaar kicks off in Jaipur with 280 buyers & 270 exhibitors
The 10th edition of Great Indian Travel Bazaar (GITB) opened with 280 foreign buyers from 55 countries and 270 exhibitors at The Lalit Jaipur on April 22. Committed to boost tourism in India, the inbound show was inaugurated by Vasundhara Raje, Chief Minister, Rajasthan; Rashmi Verma, Secretary, Ministry of Tourism; Jyotsna Suri, Chairperson, FICCI Tourism Committee; Dipak Deva, Co-Chairman, FICCI Tourism Committee; Nihal Chand Goel, Additional Chief Secretary (Tourism, Art & Culture), among other officials from the Government of Rajasthan. The show, celebrating a decade of successfully promoting inbound tourism in Rajasthan, hopes to cross the 11,000 mark in terms of pre-scheduled B2B meetings between the exhibitors and buyers. Raje said, “It is heartening to see such an enthusiastic participation at GITB. The tourism sector has seen a new vigour and dynamism after the launch of the campaign ‘Jane Kya dikh Jaye’. Our vision was to get 50 million tourists in Rajasthan by 2020 but by the end of 2017 itself, the state received 47.5 million tourists and we would compete our target by the end of 2018.” Raje also thanked the central government for the financial support provided for the state’s various tourism projects. An MoU was also singed on behalf of the Government of Rajasthan and FICCI under which the GITB will continue to be hosted till 2024. The dates for the next edition of the show in Jaipur are April 28-30, 2019.
Read More »GITB 2018 from April 22-24 in Jaipur
The 11th edition of GITB will be held from April 22-24, 2018, at Jaipur, announced Jyotsna Suri, Chairperson, Tourism Committee, FICCI. “GITB has become the biggest show for inbound tourism in India and the most exclusive one that promotes all segments of tourism in the country. It has grown over the last 10 years from 260 buyers to 275 buyers, from 3000 to 10,800 meetings over the last few years. It has played a vital role in the influx of foreign tourists to India and Rajasthan. Since it is held in Jaipur, it gives maximum exposure to the state of Rajasthan. We hope that the foreign buyers attending the show become our ambassadors and bring more and more tourists to the country.”
Read More »GITB 2017 opens with 275 foreign buyers and 288 exhibitors
The Great Indian Travel Bazaar opened with 275 foreign buyers and 288 exhibitors at The Lalit Jaipur on April 23. The inbound show committed to boost tourism in India and in Rajasthan was inaugurated by Suman Billa, Joint Secretary, Ministry of Tourism, Government of India, and Krishnendra Kaur, Tourism, Art and Culture Minister, Government of Rajasthan, Jyotsna Suri, Chairperson, Tourism Committee FICCI, Nihal Chand Goel, Additional Chief Secretary (Tourism, Art & Culture), Bhim Singh, President, Federation of Hospitality and Tourism of Rajasthan, and Rahul Chakravarty, Senior Director and Head-Tourism, FICCI. Addressing the show, Billa said, India is truly on a growth path. We have grown at a rapid pace of 11 per cent in 2016 and since January to date we have grown at a staggering rate of 16 per cent, there is nothing in the market to suggest that it will slow down. Domestic tourism forms a key part of Indian tourism. Last year we had 1.7 billion domestic travellers and we are growing at 8-9 per cent Y-o-Y. Admittedly we are growing on a narrow base but the potential of tourism in India is immense. All of you here are at the right place to lay the seeds for what will become a great engagement for a market that has huge potential. He also informed that accordingly to the World Economic Forum report, India improved its tourism competitiveness by 25 places over three years and tourism is the government’s main agenda.
Read More »Tourism Investors Meet 2016 hosts 72 buyers
The second edition of the Tourism Investors Meet (TIM) organised by FICCI brings together 72 buyers and seven sellers, who are representatives from difference state governments, and aims to host more than 600 meetings over two days, informed Dr Jyotsna Suri, Chairperson, FICCI Tourism Committee and Chairperson & MD, Lalit Suri Hospitality Group, at the addressing the inauguration of the summit. The event commenced on July 28 in New Delhi after a speaker session which was graced by Vinod Zutshi, Secretary, Ministry of Tourism, Govt. of India, Suman Billa, Joint Secretary, Ministry of Tourism, Govt. of India, Ramesh Abhishek, Secretary, DIPP, Govt. of India, Nikhil Sahni, Senior President – Government Banking & Strategic Government Advisory, Yes Bank, Dr Didar Singh, Director General, FICCI. On the occasion, the dignitaries released the FICCI-YES Bank knowledge paper on ‘Investment in Tourism Infrastructure: Unleashing the Growth Potential’. Representatives from the tourism departments of Chhattisgarh, Rajasthan, Karnataka, Delhi, Punjab, Madhya Pradesh and Telengana were present to showcase projects in a bid to attract more private players. Through the private public partnership model, the summit aims to harness the enormous investment opportunities offered by the tourism sector.
Read More »Economic growth will boost tourism
Commenting on the General Budget 2016-17, Jyotsna Suri, immediate past president of FICCI, said, “Nothing for tourism this year, is it something new? Overall the budget this year was on infrastructure, rural development and spending on buildings. That is what is the need of the hour. This is going to increase the economy and that will somehow affect tourism altogether. Though we didn’t have much for tourism this time like last year I think if economy grows tourism will grow.”
Read More »