India Tourism Report - Q4 2014

Business Monitor International
August 20, 2014
60 Pages - SKU: BMI5315661
Countries covered: India

India Tourism Report - Q4 2014

BMI View: With a population of over 1.2bn, India offers an enormous potential outbound and internaltourism market. The country has a fast growing middle class, and thanks to GDP growth we are seeing anexpansion of private financial consumption which is a key indicator of tourism spending. The outboundtravel market in 2013 reached 13.7mn, and thanks to robust growth during the forecast period we expectoutbound travel to reach 24.4mn by 2018.

India already has a well established tourism market, and has long been a popular holiday destination fortravellers from a range of source markets across the world, including the UK and the USA. Movingforward, we expect India to build upon this healthy base market and thanks to growth of around 5% per yearwe are forecasting that annual arrivals will reach 8.8mn per year by 2018. As the world's seventh largestcountry, India has a lot to offer potential visitors, including the mountain ranges of the Himalayas, theaquatic wonderland of Kerala, the Thar desert and endless historical and cultural attractions (not to mentionpicturesque beach holiday destinations). There is therefore a great deal of scope to expand tourism acrossthe country.

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