Avi­a­tion & ho­tels to drive In­dia mar­ket

By 2020, the In­dian travel mar­ket will be pro­pelled by rapidly grow­ing avi­a­tion in­dus­try, hos­pi­tal­ity and rail­ways. This will be backed by the govern­ment in­creas­ing spend­ing on tourism in­fras­truc­ture and pro­posed 100 per cent FDI in tourism.

TravTalk - India - - GUEST COLUMN -

In­dian travel mar­ket will grow to $ 48 Bn by 2020

In­dian travel mar­ket is pro­jected to grow at 11-11.5% to the tune of $48 Bn by 2020 with the big­gest con­trib­u­tor, air travel ex­pected to grow at 15% to $30 Bn. Ho­tels will grow at 13% to $13 Bn by 2020 while rail­ways will re­main largely stag­nant at $5 Bn. Do­mes­tic de­mand (busi­ness and leisure) and for­eign de­mand will drive this ac­cel­er­a­tion in growth. The Govern­ment has also in­creased spend­ing on tourism in­fras­truc­ture and pro­posed 100% FDI in tourism.

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