India Tourism Report Q1 2015

Business Monitor International
November 19, 2014
57 Pages - SKU: BMI5388607
Countries covered: India

India Tourism Report Q1 2015

BMI View: The India tourism report examines a range of key indicators in this enormous market, includingexpected growth in the number of inbound and outbound travellers and the forecast increases in tourismrelatedexpenditure and industry value. With growth expected across the board as India benefits fromimproving domestic economic conditions and expands its regional and international travel connections, thefuture is looking very bright for the burgeoning tourism industry.

The outbound tourism market is currently more substantial than inbound tourism, with some 17.6mntourism departures expected in 2015. With a population of more than 1.2bn, India offers an enormouspotential outbound tourism market, as well as a substantial domestic tourism market. In line with this, manymajor tourist destinations such as Australia, South Africa and Egypt are actively targeting the Indianoutbound tourism market. As GDP growth in the country continues and private financial consumption (akey indicator of tourism spending) expands, we expect to see healthy growth in the number of departures,forecast to reach around 24.4mn in 2018.



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