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India Tourism Report Q2 2015

67 Pages BMI Research February 04, 2015 SKU: BMI5465508

India Tourism Report Q2 2015

BMI View: India's tourism market is expected to show healthy growth across key indicators over themedium term (2015-2019). A relaxation of visa requirements and increase in international flightconnections will help to improve accessibility for major inbound source markets while domestic economicgrowth is supporting robust growth in the larger outbound travel market. As a result of increased travel, weexpect to see healthy gains in tourism related expenditure and industry value.

The outbound tourism market from India is substantial and has enormous potential for future growthconsidering the size of the population. Solid annual GDP growth and increasing wages will boost thespending power of Indian tourists, and many countries are targetting the country as a growth area. Australiais currently trialling a new online visa application system for visitors from India, as part of the Tourism2020 plans which aims to increase the contribution of tourists from India to between USD1.5bn andUSD1.8bn a year. We expect to see steady annual growth in outbound tourism from India, increasing from13.10mn departure in 2015 to 17.25mn departures in 2019.

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India Tourism Report Q2 2015

BMI Research
February 04, 2015

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