(MENAFNEditorial)
The India tourism report looks at a range of key indicators in this established tourism destination in the competitive Asia Pacific region including forecasts for inbound and outbound travel volumes and the impact of growth on industry value and tourism related expenditure. Overall India offers enormous growth potential a fact recognised by many leading domestic and global hotel groups which are focused on extensive expansion plans across the country.
India has a strong inbound tourism market attracting visitors from a diverse range of source markets in Europe Asia and North America. This has helped it to offset declines from major source markets such as Russia in recent months. A relaxation of visa restrictions and a new online visa application are yielding tangible benefits are overall we expect to see visitor numbers increase by 5% to reach 7.4mn this year. There are some headwinds to growth however including an increasingly negative safety perception which has seen visitor numbers in some areas (such as the Taj Mahal) declining. Considering the size and range of India's attractions there is substantial long term growth potential in terms of inbound tourism.
Full Report Details at
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India's outbound tourism potential is also substantial. The country has a large population and increasingly affluent middle class which is boosting outbound tourism figures. In 2015 positive growth in household income and wider economic growth will support a 9% increase in outbound travel with departures set to reach 13.7. Many countries including Vietnam and Australia are specifically targeting Indian tourists keen to tap into an increasingly lucrative potential market and we expect outbound tourism to continue to expand as travel becomes more affordable and as visa restrictions on Indian visitors are eased.
There is also a strong tradition of domestic travel in India along with the high volumes of inbound travel this means the country's hotel market is already very well...
The India Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport reason for travel origin and destination; and the accommodation market.
BMI's India Tourism Report provides industry professionals and strategists corporate analysts associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the Indian tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for India to test other views - a key input for successful budgetary and planning in the Indian tourism market.
* Target business opportunities and risks in the Indian tourism sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in India.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
This contains a synopsis of our forecasts and any changes together with an overview of key trends and developments in the tourism industry and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects new hotel developments and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the tourism sector and within the broader political economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2019 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Inbound Tourism: Total arrivals (‘000 and growth % y-o-y) arrivals by region (‘000 and growth % y-o-y) arrivals by country (‘000 and growth % y-o-y) top 10 source countries for arrivals.
* Outbound Tourism: Total departures (‘000 and growth % y-o-y) departures by regional destination (‘000 and growth % y-o-y) departures by country (‘000 and growth % y-o-y) top 10 destination countries.
* Travel & Receipts: Methods of travel for arrivals (air ship rail) (‘000 and growth % y-o-y) international tourism receipts for transport (USDbn and growth % y-o-y) international tourism receipts for travel items (USDbn and growth % y-o-y).
* Hotels: Hotel industry value (USDbn and growth % y-o-y) number of hotels (‘000 and growth % y-o-y) total overnight stays (‘000 and growth % y-o-y) length of stay occupancy rate (%) number of total
BMI’s Tourism Risk Reward Index
BMI’s Risk Reward Indices provide investors (tour operators tourism infrastructure investors financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards.
Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide an indices of highest to lowest appeal to investors with each position explained.
Market Overview
This contains a comprehensive overview of the tourism industry in the country its overall value the value of its hotels industry trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country which brands are present in which cities the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database which contain details of projects their value the time frame their current status the companies involved and their estimated completion dates.
Competitive Landscape
This section provides insight into key domestic players in the hotel industry discussing for example the number of hotels brands financial data geographical spread recent developments and strategies of individual companies.
Sources
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