Tag Archives: tourism sector

Expressing his happiness over the Budget 2025-2026, KB Kachru, President, HAI, said, “Budget is progressive, especially with its focus on tourism and job creation. The government’s commitment to developing 50 new destinations, improving infrastructure, and leveraging Public-Private Partnerships (PPP) is promising. This year’s budget very well highlights the importance of promoting Buddhist tourism with neighbouring countries and simplifying visa processes to enhance international travel. With India’s world-class hospitals, we have great potential in medical tourism, but there is a need to collaborate with the medical fraternity to attract international visitors. The introduction of Mudra loans for homestays will support startups and entrepreneurs in expanding homestay offerings, further boosting tourism. Overall, the initiatives taken by the government in this year’s budget are the steps in the right direction for the industry.”

Announcing the tourism sector, Nirmala Sitharamann, Finance Minister, GoI said that an infusion of ₹20,000 crore to increase tourism-led employment is going to help several states that house top tourist locations build infrastructure and boost connectivity. The onus has been put on states to acquire land to build hotels and other required facilities. Also, a continued focus to promote India as key destination on the world map for on spiritual tourism gets a boost – especially projecting it as a birthplace of Lord Ram through the Ramayana circuit, and as the birthplace of Buddha through the Buddhist circuit, roping in south east Asian tourist footfall. They are also likely to get visa fee waivers, so will the medical tourism segment, with a focus on Heal in India, she added.

K Syama Raju, President, Federation of Hotel & Restaurant Associations of India (FHRAI), said, “The future of India’s hospitality sector and tourism is bright, with substantial growth expected in 2025 and beyond. Domestic tourism is projected to grow by 15–20%, driven by govt initiatives. The travel market is on track to reach $125 billion by FY27, with the hotel market set to grow from $32 billion in FY20 to $52 billion.

Suggesting that India has to create an enabling environment for the market forces to unleash with aggression in terms of investments in the sector to realise the sector’s true potential, Suman Billa, Additional Secretary, MOT, said, “Tourism currently contributes 5.6% to the country’s GDP which is quite low. The task is to double it in the next 10 years by encouraging market forces to invest aggressively in the sector.”

Suman Billa, Addl. Secretary, MOT, said, “There is a need for targeted strategies including decongesting popular tourist sites and developing new ones.” Currently, tourism sector contributes five per cent to India’s GDP, whereas Thailand and Turkey adds 23 per cent and 11 per cent, respectively. 

Patanjali Govind Keswani, CMD, Lemon Tree Hotels during his address at the first National Conclave on India 2047, said, “Tourism sector has the potential to resolve 50% of the country’s employment challenges with the right government support adding that India’s tourism sector is on the verge of hitting the inflection point.”

Opening the International Kayaking Facilitation Centre at Pulikkayam in Kodenchery, PA Mohamed Riyas, Public Works Department & Tourism Minister, Kerala, said it will be ideal to have off-road championships regularly within Kerala, and Kodenchery that will boost the tourism sector. ‘We will attract not just locals but participants from all over the globe,” he said.

A comprehensive Vision plan for 2024 has been released by FHRAI (Federation of Hotels & Restaurants Association of India) which includes the creation of the Center of Excellence in Tourism and Hospitality and the return of the FHRAI Annual Convention from 16-18 October in Goa. The move aims to elevate industry standards, and cultivate excellence.

Addressing a Rozgar Mela, Narendra Modi, Prime Minister, said that India’s tourism sector alone is anticipated to contribute ₹20 lakh crore to the economy by 2030 and has the potential to create 13-14 crore new job opportunities by 2030.

According to a report by Visa & EY, tourism sector is on track to become a trillion-dollar industry by 2047. The report also mentioned that data-driven tourism, emerging technologies to be major driving force behind this growth