‘By ’24, In­di­ans to be fastest grow­ing int’l vis­i­tors to US’

The Times of India (New Delhi edition) - - Times Global - Sau­rabh.Sinha @times­group.com

The US ex­pects In­di­ans to be its fastest-grow­ing over­seas vis­i­tors in the next five years.

The US de­part­ment of com­merce’s “Fore­cast of In­ter­na­tional Trav­ellers to the US by Top Ori­gin Coun­tries” sees the num­ber of In­di­ans grow­ing from 13.8 lakh in 2018 and 14.3 lakh in 2019 to al­most 19 lakh in 2024.

This an­tic­i­pated growth of 37% in ab­so­lute terms (com­par­ing 2019 to 2024) and 5% CAGR (com­pounded an­nual growth rate) is the high­est among the top 21 source vis­i­tor coun­tries. The av­er­age five-year growth in the to­tal num­ber of vis­i­tors from all 21 coun­tries is 13.7%. The CAGR of 2.2% for vis­i­tors from the 21 coun­tries is ex­pected to rise from 8 crore in 2019 to nearly 11crore in 2024.

Canada and Mex­ico are the top two source mar­kets for in­ter­na­tional vis­i­tors to the US. Among over­seas vis­i­tors, UK, Ja­pan and China are the top three mar­kets. In­dia was at num­ber 10 in 2018.

Full report on www.toi.in

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.