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India Tourism Industry Report - 2015

India Tourism Industry Report - 2015

This report profiles India’s tourism industry, discussing market trends through 2014 and outlook for 2015 and beyond. The report also highlights leading players in the sector including Indian Hotels Company Ltd, EIH Ltd and Thomas Cook (India) Ltd.

During the last decade, the Indian tourism industry went through a period of high growth with rapid increase in foreign tourist arrivals. Tourism has played an important role in the development of the country’s economy. It is a service-oriented sector which not only generates foreign exchange earnings for the government, but creates substantial job opportunities and is a means of livelihood for millions of Indians. The industry involves a plethora of service providers in both organized and unorganized sectors which include travel agents, tour operators, guides, hotels, guest houses, inns, restaurants and other allied services.

2014 was a good year for the Indian tourism industry. After a slow growth in 2013, the industry revived, witnessing a growth in both foreign tourist arrivals and foreign exchange receipts. The growth picked up particularly due to increased activity in the second and third quarters which are generally lean. Domestic tourism continued its growth trend while outbound tourism also saw an increase in 2014. The outlook is bright as India’s growing young population and rising per capita consumption, coupled with the improvement in infrastructure and facilities, bode well for the tourism sector.

Key Points:

Though it is one of the core sectors of the economy, the full potential of Indian tourism is yet to be tapped. In 2014, India only received 0.68% of the world’s international tourist arrivals.

During 2006-13, foreign exchange earnings (FEEs) from tourism grew at a CAGR of 11%. In FY14, it grew by 6.6% y/y.

During 2006-13, domestic tourist visits grew at a CAGR of 14%. The number of domestic tourists exceeded 1bn in 2012.

During 2008-14, the number of foreign tourist arrivals (FTAs) in the country grew at a CAGR of 8% to reach 7.6mn in 2014. FTAs grew by 10% y/y in 2014, higher than the historic growth rate.

1. Industry Profile
1.1 Sector overview
1.2 Sector size
1.3 Competitive landscape
1.4 Environmental scanning

2. Market Trends and Outlook
2.1 Key economic indicators-India
2.2 Foreign tourist arrivals
2.3 Foreign exchange earnings
2.4 Domestic tourism trends
2.5 Outbound tourism
2.6 Hotel industry trends
2.7 Market outlook

3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 Indian Hotels Company Limited (IHCL)
3.1.2 East India Hotels Limited (EIH)
3.1.3 Thomas Cook (India) Ltd (TCIL)
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables and Charts
Table 1: Global international tourist arrivals statistics
Table 2: Targets to be achieved in respect of tourism sector during 12th Plan
Table 3: Top 10 most visited monuments by foreign tourists
Table 4: Top 10 most visited monuments by domestic tourists
Table 5: Key financial ratios of the leading players

Chart 1: Annual foreign tourist arrivals in India
Chart 2: Direct contribution of travel & tourism industry to India’s GDP
Chart 3: Domestic and foreign tourists spending
Chart 4: Foreign direct investment in hotel & tourism Sector
Chart 5: Current account deficit and fiscal deficit
Chart 6: Changing demographics of India
Chart 7: Breakup of foreign tourist arrivals by quarters
Chart 8: Quarterly GDP growth rate-India
Chart 9: Average Monthly USD to INR Exchange Rate
Chart 10: Inflation-India
Chart 11: Repo rate
Chart 12: Foreign tourist arrivals
Chart 13: Foreign tourist distribution by country of origin
Chart 14: Distribution of foreign tourist visits by state
Chart 15: Foreign exchange earnings from tourism- Annual
Chart 16: Y/Y change in foreign exchange earnings from tourism
Chart 17: Distribution of international tourism receipts by country
Chart 18: Y/Y growth in international tourism receipts (2013)
Chart 19: Domestic tourist visits across India
Chart 20: Distribution of domestic tourist visits by state
Chart 21: Spending on Domestic Travel and Tourism
Chart 22: Number of Indian nationals’ departures from India
Chart 23: Most visited foreign destinations by Indian nationals
Chart 24: International departures of Indian citizens at various airports
Chart 25: Spending on outbound travel and tourism by Indian nationals
Chart 26: Distribution of approved hotels by classification
Chart 27: Average occupancy rate of Indian hotels- annual
Chart 28: Profile of hotel guests by origin
Chart 29: Profile of hotel guests by purpose of visit
Chart 30: Forecast for the number of foreign tourist arrivals in India
Chart 31: IHCL inventory-Total number of rooms
Chart 32: Total revenues of IHCL
Chart 33: Profit margins of IHCL
Chart 34: Revenue distribution of EIH Ltd and its subsidiaries
Chart 35: Consolidated revenues of EIH
Chart 36: Profit margins of EIH-Consolidated
Chart 37: Segment wise distribution of TCIL
Chart 38: Consolidated revenues of TCIL

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