India is expected to record a GDP growth rate of over 5% in 2014, driven by an improvement in global economic conditions, according to a new study on ASDReports

Tuesday 29 July 2014, Amsterdam

Report description overview:

Timetric’s Travel and Tourism in India to 2018 provides detailed market analysis, information and insights, including historic and forecast tourist volumes covering the entire travel and tourism sector in India. Also included is a detailed analysis of tourist spending patterns in India for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail and travel intermediaries.

The difference:

• Explore the market dynamics across key segments in the travel and tourism industry in India which will allow you to make strategic business decisions using in-depth historic and forecast market data.
• Provide yourself with a comprehensive analysis of trends in the accommodation, foodservice, retail and travel intermediaries industries, to better position yourself for future growth.
• Assess the competitive dynamics in India’s travel and tourism industry, in order to identify the growth opportunities and market dynamics within key segments.

Additional report highlights:
India has a number of tourist attractions owing to its geographical location and cultural diversity. These range from the Himalaya Mountains to the Thar Desert, the Sundarban and Kaziranga forest reserves, Maharashtra’s cultural heritage, Goa’s beaches and Portuguese culture, the Indian Ocean, the Ganges and the Brahmaputra valleys.

According to the Union Ministry of Tourism, Maharashtra was the most-visited state in India in 2012, attracting almost 25% of the country’s total foreign visitors in 2012, owning to its cultural heritage, beaches and rural tourism. Maharashtra’s capital Mumbai is the country’s major commercial hub, and houses the film industry. Goa recorded a 12% growth in total tourist arrivals in 2013 over 2012, with over 3 million tourists in 2013. This was due to its beaches, Portuguese culture and churches.

Growth is expected to continue over the next four years driven by government initiatives to promote tourism through participation in international events and promotional campaigns in key source markets such as the US, Japan and emerging markets such as China. In addition, infrastructure development, road shows and tourist attraction development within the country also contribute towards country’s tourism growth.