旅游與酒店業(yè)分析英文

TableofContent

ExecutiveSummary 3

AdvantageIndia 4

MarketOverview 6

RecentTrendsandStrategies 16

GrowthDrivers 19

Opportunities 28

IndustryAssociations 32

UsefulInformation 34

EXECUTIVESUMMARY

ContributiontoGDPaboveworldaverage

Creatinghigheremployment

Higherinvestments

Increasingvisitorexports

NewVisaReforms

Note:CY-CalendarYear,*-IncreasedinUS$terms

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2018,MinistryofTourism

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Indiaranked7thamong184countriesintermsoftravel&tourism’stotalcontributiontoGDPin2017.India’sforeignexchangeearnings(FEEs)fromtourismincreasedby20.8percentduringCY2017toreachUS$27.693billion.DuringJanuary-September2018,FEEsfromtourismincreased10.20percent*year-on-yeartoUS$21.56billion.

InIndia,thesector’sdirectcontributiontoGDPisexpectedtogrowby7.1percentperannumduring2018-28.

Thetravel&tourismsectorinIndiaaccountedfor8percentofthetotalemploymentopportunitiesgeneratedinthecountryin2017,providingemploymenttoaround41.6millionpeopleduringthesameyear.Thenumberisexpectedtoriseby2percentannumto52.3millionjobsby2028.

Travel&tourism’scontributiontocapitalinvestmentinIndiaisprojectedtogrow6.7percentperannumduring2018–28.

Contributionofvisitorexportstototalexportsisestimatedtoincrease5.5percentperannumduring2018–2028.

Electronictouristauthorisations,knownasE–TouristVisa,launchedbytheGovernmentofIndiahaveresultedinincreaseinnumberoftouristvisaissuedinthecountry.Thefacilityhasbeenextendedtocitizensof163countriesasofMarch2018.

Arrivalsthroughe-visaincreasing57.2percentto1.697millionduringCY2017.DuringJanuary-September2018,arrivalsthroughe-visaincreased47.90percentyear-on-yearto1.58million.

Tourism&Hospitality

ADVANTAGEINDIA

ADVANTAGEINDIA

By2020,medicaltourismindustryofIndiaisexpectedtotouchUS$9billion.

10.18millionforeigntouristsvisitedIndiainCY2017,witnessingincreaseof15.6percentfromCY2016.DuringJanuary-September2018,7.47millionforeigntouristsarrivedinthecountry.

Internationaltouristarrivalsareexpectedtoreach

30.5millionby2028.

Indiahasadiverseportfolioofnichetourismproducts–cruises,adventure,medical,wellness,sports,MICE,eco-tourism,film,rural&religioustourism

InJanuary2017,FederationofIndianChambersofCommerce&Industry(FICCI)announcedthelaunchofIndiaTravelTechLaunchpad.

ADVANTAGEINDIA

A5-yeartaxholidayhasbeenofferedfor2,3and4starcategoryhotelslocatedaroundUNESCOWorldHeritagesites(exceptDelhi&Mumbai)

UndertheSwadeshDarshanscheme,13thematiccircuitsinthecountryhavebeenselectedfordevelopmentoftourisminfrastructure.

E-visafacilityofferedto163countriesasofMarch2018.

Indiaoffersgeographicaldiversity,attractivebeaches,30WorldHeritageSitesand25bio-geographiczones

Thecountry’sbigcoastlineisdottedwithanumberofattractivebeaches

Note:UNESCO–UnitedNationsEducational,ScientificandCulturalOrganisation,MICE–Meetings,Incentives,Conferences,andExhibitions,CY–CalendarYear

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2018,MinistryofFinance,ArancaResearch

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MARKETOVERVIEW

EVOLUTIONOFTHEINDIANTOURISMAND

HOSPITALITYSECTOR

Anationalpolicyontourismwasannouncedin2002,focusingondevelopingarobustinfrastructure

Onlinetravelportals&low-costcarrierairlinesgaveaboosttodomestictourism

TheNationalTourismPolicywasannouncedin1982

Thegovernmentformulatedacomprehensiveplanin1988topromotetourism

2015onwards

1990–2000

Pre-1990

2000–05

Thegovernmenthasundertakenvariousmarketinginitiativestoattracttourists

TheNationalMedical&WellnessTourismPromotionBoardformedin2015.

12InstitutesofHospitalityManagementsanctionedinnorth-eaststatesinAugust2016.

E–touristvisalaunchedand1.697milliontouristsarrivedinIndiain2017throughthisfacility.

TravelandTourismsectoraccountedfor8percentoftotalemploymentopportunitiesinIndiain2017.

VariousstatesinIndiadeclaredtourismasanindustry

Thegovernmentstressedonprivate-publicpartnershipinthesector

Governmentpoliciesgiveafilliptothehotelindustry

Source:WTTC,MinistryofTourism,ArancaResearch

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SEGMENTSOFTOURISMANDHOSPITALITY

Accommodationcouldbehotels&motels,apartments,camps,guesthouses,lodge,bed&breakfastestablishments,houseboats,resorts,cabins&hostels.Inaddition,touristsalsorequirecateringfacilities,whichincludesincludehotels,localrestaurants,roadsidejoints,cafeterias&retailoutletsservingfood&beverages.

Accommodationandcatering

Comprisesairlinecompanies,cruiseservices,railways,carrentals&more.Atourist’schoiceoftransportwoulddependonthetravelbudget,destination,time,purposeofthetour&conveniencetothepointofdestination.

Transportation

Anothermajorcomponentofthetravel&tourismindustryis‘a(chǎn)ttractions’suchasthemeparks&naturalattractionsincludingsceniclocations,cultural&educationalattractions,monuments,events&medical,socialorprofessionalcauses.

Tourismandhospitality

Attractions

Afragmentedsectorwithanumberofindependenttravelagents&manyonlinebusinesses.Theyalsosellassociatedproductssuchasinsurance,carhire¤cyexchange.

Businesstravelagenciesspecialiseinmakingtravel&accommodationarrangementsforbusinesstravellers&promotingconferencetrades.

Travelagents

Touroperators

Offercustomisedtours,includingtravel,accommodation&sightseeing

Source:DunandBradstreet’sReportonTourisminIndia

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EMERGINGTOURISMANDHOSPITALITYSEGMENTS

Theaimistodevelopinterestinheritageandculture;&promotevisitstovillagesettingstoexperience&livearelaxed&healthylifestyle

Awiderangeofadventuresportsarecoveredunderthiscategorywithspecialisedpackages

Theactivitiesincludemountaineering,trekking,bungeejumping,mountainbiking,riverrafting&rockclimbing

Oneofthebiggestcontributortotourismindustry.Indiabeingreligioushubfordifferentculturesattractsalargenumberoftouristseveryyear

Ruraltourism

Pilgrimagetourism

Adventuretourism

Touristsseekspecialisedmedicaltreatments,mainlyayurvedic,spa&othertherapies

Theprimarypurposeisachieving,promotingormaintaininggoodhealth&asenseofwell-being

Medicaltourism

Vastvarietyofflora&faunainvariousstatesisamajorfactorbehindtheirgrowingpopularityastouristdestinations.

ThenmalainKeralaisthe1stplannedecotourismdestinationinIndia.

Eco-tourism

Heritagetourism

Luxurytourism

TouristsvisitIndiaforitsculturalheritageinvariouscities

Thecountry’srichheritageisamplyreflectedinthevarioustemples,majesticforts,pleasuregardens,religiousmonuments,museums,artgalleries,urban&ruralsites

TheluxurytravelmarketinIndiaregisteredagrowthrateof12.8percentin2015,thehighestincomparisonwithanyotherBRICcountry.

Source:DunandBradstreet’sReportonTourisminIndia

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RISINGCONTRIBUTIONTOINDIA’SGDP

Indiaranked8thintheworldin2017intermsofabsolutedirectcontributionoftravel&tourismsector’stoitsGDP.Itisthe3rdlargestforeignexchangeearnerforthecountry.

Thetourism&hospitalitysector’sdirectcontributiontoGDPin2017,wasRs5.94trillion(US$91.27billion).ThisisexpectedtoreachRs12.68

trillion(US$194.69billion)in2028,implyingaCAGRof7.23percentduring2012-28.

Note:CAGR–CompoundAnnualGrowthRate,E-Estimated,F-Forecast

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2018

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63.73

67.77

72.74

79.56

87.17

91.27

98.17

194.69

163.99

174.22

187.18

204.01

223.20

234.03

251.64

492.21

TotalContributionofTravelandTourismtoGDPatReal2017Visakhapatnamporttraffic(milliontonnes)

Prices(US$billion)

DirectContributionofTravelandTourismtoGDPatReal2017Visakhapatnamporttraffic(milliontonnes)

Prices(US$billion)

600.00 CAGR7.11%

500.00

400.00

300.00

200.00

100.00

0.00

2012 2013 2014 2015 2016 2017 2018E2028F

250.00 CAGR7.23%

200.00

150.00

100.00

50.00

0.00

2012 2013 2014 2015 2016 2017 2018E2028F

FOREIGNARRIVALSARERISING

InCY2017,foreigntouristarrivalsinIndiastoodat10.177millionandreached7.47millioninJanuary-September2018,achievingagrowthrateof6.70percentyear-on-year.

Growthintouristarrivalshasbeenduetoflexiblegovernmentpolicies,developedrail&roadinfrastructure,easeinavailabilityofe-visastoforeigntourists.DuringJanuary-September2018,arrivalsthroughe-

visaincreased47.90percentyear-on-yearto1.58million.

TheGovernmentofIndiahassetatargetof20millionforeigntouristarrivals(FTAs)by2020anddoubletheforeignexchangeearningsaswell.

TheGovernmentofIndiaisworkingtoachieve1percentshareinworld'sinternationaltouristarrivalsby2020and2percentshareby2025.

Note:CY–CalendarYear,E-Estimated,T-Target,*uptoSeptember2018,

Source:MinistryofTourism

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3.90

4.40

5.10

5.30

5.20

5.80

6.30

6.60

7.00

7.40

8.00

8.80

10.18

7.47

20.00

VFisoarkeihganptaotunarimstspoarritvrianfgficin(mInidlliaon(mtoilnlinoens))

25 CAGR^11.51%

20

15

10

5

0

RISEINFOREIGNEXCHANGE

TourismisanimportantsourceofforeignexchangeinIndiasimilartomanyothercountries.

During2017,IndiaearnedforeignexchangeofUS$27.69billionfromtourism.ForeignExchangeEarnings(FEEs)inJanuary-September2018wereUS$21.56billion,recordingayear-on-yeargrowthrateof

10.20percent.

Foreignexchangeearnings(FEEs)fromtourisminIndiawitnessedgrowthataCAGRof9.97percentduring2006-17.

ThenumberoftouristsfromIndiaisexpectedtoreach50millionby

2020,accordingtotheWorldTradeOrganization.This

rapid

forex

increaseinoutboundtourism

providersinthecountry.

from

India

is

going

to

benefit

Note:*uptoSeptember2018

Source:MinistryofTourism,EconomicTimes

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10.70

11.80

11.40

14.20

16.60

17.70

18.40

20.20

21.10

23.15

27.69

21.56

ForeignExchangeEarningsfromtourisminIndiaVisakhapatnamporttraffic(milliontonnes)

(US$billion)

30

25

20

15

10

5

0

DOMESTICCONSUMERSTOLEADGROWTH

DomestictravelrevenuesareestimatedatRsUS$186billionin2017andareanticipatedtofurtherincreasetoUS$405.8billionby2028E

Note:E-Estimated,Updatefor2018isexpectednextyear

Source::WorldTravel&TourismCouncil’sEconomicImpact2018

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Expectedshareoftouristsbyexpenditure(2028E)

VisSahkahraepoaftntoaumripstosrtbtyraefxfipce(nmdiiltluiornet(o20n1n7e)s)

11.15% Domesticspending

Foreignvisitorspending

88.85%

12.80% Domesticspending

87.20% Foreignvisitorspending

RISINGREVENUESFROMLEISUREANDBUSINESS

SEGMENTS

Shareofrevenuesfromleisuretraveltothetotaltourismrevenuestoodaround94.6percentin2017.

LeisuretravelspendingreachedUS$201.7billionin2017andisexpectedtoreachUS$432.3billionby2028E.

BusinesstravelrevenueswereUS$11.6billionin2017andareprojectedtoincreasetoUS$24.4billionby2028E.

Note:E-Estimated,Updatefor2018isexpectednextyear

Source:WorldTravel&TourismCouncil’s(WTTC’s)EconomicImpact2018,ArancaResearch

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Expectedsegment-wiserevenueshare(2028E)

VisaSkehgampeantnta–mwipsoerrtetvraefnfiuce(mshilaliroen(2to0n17n)es)

Leisurespending

5.45%

Businessspending

94.55%

5.4% LeisureSpending

94.6% BusinessSpending

MAJORCOMPANIESACROSSSEGMENTS

241

Y,,,,

Onlinebooking

FY17

FY18

FY19*

86

Hotel

ITC,Oberoi,Marriott

FY17

FY18

FY19**

529

Touroperators

SOTC,RajTravels

FY17

FY18

FY19*

Note:*-April-September2018,**-April-June2018

Source:Respectivecompanywebsites

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Company Segment Revenue Othermajorplayers

(US$millions)

1,373

1,771

382

410

448

675

Tourism&Hospitality

RECENTTRENDS

ANDSTRATEGIES

NOTABLETRENDSINTHETOURISMINDUSTRYIN

INDIA

Onlinetraveloperators

Wellnesstourism

Cruises

Adventure

Campingsites

Spiritualtourism

Source:IncredibleIndia,EconomicTimes

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Over70percentofairticketsarenowbeingbookedonlineinthecountry

Anumberofonlinetravel&touroperators,whichprovidebetterprices&optionstoconsumers,haveemergedinIndia

ThewidespreadpracticeofAyurveda,yoga,siddha&naturopathythatiscomplementedbythenation’sspiritualphilosophymakesIndiaafamouswellnessdestination.

GovernmentofIndiahasestimatedthatIndiawouldemergewithamarketsizeof1.2millioncruisevisitorsby2030-31.Thegovernmentisplanningtosetupfivecruiseterminalsinthecountry.

Adventuretourismisoneofthemostpopularsegmentsoftourismindustry.OwingtoIndia’senormousgeo-physicaldiversity,ithasprogressedwellovertheyears

PartofIndia’stourismpolicy,almosteverystatehasdefiniteprogrammetoidentify&promoteAdventuretourism

Promotionofcampingsiteshasbeenencouragedwithadequateacknowledgementofitsadverseeffectsonenvironment

Besidesprovidinguniquerewardingexperiences,responsibleconductofcampingcanbeamajorsourceforbothadditionaleconomicopportunitiesinremoteareasaswellasaninstrumentofconservation

Indiahasbeenknownastheseatofspiritualism&India’scosmopolitannatureisbestreflectedinitspilgrimcentres

Indiahasbeenrecognisedasadestinationforspiritualtourismfordomestic&internationaltourists

STRATEGIESADOPTED

Onestopsolution

Multiplechannels

Branding

M-visa

DataAnalyticsand

ArtificialIntelligence

Source:MakeinIndia,Companywebsites,MinistryofTourism,KPMG–Expedition3.0,VCCircle

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Playersaretryingtoensureconveniencefortheircustomersbyprovidingallservicesavailableonasingleportal.Forexample,&ahostofotherwebsitesprovideacomprehensivebasketofofferingswhichincludeoutbound&inboundtravelforleisure&businesstrips,hotels&carbooking,holidaypackageswithinIndiaorabroad,etc

Playersareoptingformanychannelstomaximisesales&ensureconveniencefortheircustomers.Forexample,ThomasCook&KuoniIndialaunchedtheironlineportalstocompetewithothers.Ontheotherhand,isplanningtogofortheofflinechanneltocomplementitsexistingportal&hasalreadylaunchedmobileappsformaximisingsales.

Thelaunchofseveralbranding&marketinginitiativesbytheGovernmentofIndiasuchasIncredibleIndia!&AthitiDevoBhavaprovidesafocusedimpetustogrowth

Indiangovernmenthasalsoreleasedafreshcategoryofvisa–themedicalvisaorMvisa,toencouragemedicaltourisminIndia.IndianmedicaltourismisexpectedtoreachUSD8billionby2020

Companieshavestartedusingdataanalyticstocreatea360degreeprofileoftheircustomers.

MakemytriphasalsostartedusingAIpoweredchatbots.25percentofitspost-salesrequestsarenowservicesbythesechatbots

Tourism&Hospitality

GROWTHDRIVERS

GROWTHDRIVERSFORTHETOURISMMARKET

Domesticexpenditureontourismisexpectedtoriseduetothegrowingincomeofhouseholds

Anumberofnicheofferingssuchasmedicaltourism&ecotourismareexpectedtocreatemoredemand

MorethanhalfoftheMinistryofTourism’sPlanbudgetischannelisedforfundingthedevelopmentofdestinations,circuits,megaprojectsaswellas

ruraltourisminfrastructureprojects.

Growthdrivers

Hotel&TourismsectorhasreceivedcumulativeFDIinflowsofUS$11.39billionbetweenApril2000andJune2018.

InternationalhotelbrandsaretargetingIndia.CarlsongroupisaimingtoincreasethenumberofitshotelsinIndiato170by2020.

Hospitalitymajorsareenteringintotieupstopenetratedeeperintothemarket,suchasTaj&Shangri-Laenteredintoastrategicalliancetoimprovetheirreach&marketsharebylaunchingloyaltyprogrammeaimedatintegrating

rewardedcustomersofbothhotels.

100percentFDIisallowedundertheautomaticrouteintourism&hospitality,subjecttoapplicableregulations&laws

TheGovernmentofIndiawilldevelop10prominentsitesinIndiaintoiconictouristdestinations,asperUnionBudget2018-19.

CampaignssuchasIncredibleIndia&AthithiDevoBhavawerelaunchedto

harnessthetourismindustry’spotential

Source:MakeinIndia,DIPP,ArancaResearch

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RISEININCOMEANDCHANGINGDEMOGRAPHICS

BOOSTINGDEMAND

Risingincomesmeanasteadygrowthintheabilitytoaccess

healthcare&relatedservices

India’sGDPPerCapitaatcurrentpricesisestimatedtohavereachedUS$1,749.16in2017.ItisexpectedtoreachUS$3,273.85by2023,implyingacompoundedannualgrowth

rateof

Note:*estimatesafter2013

Source:InternationalMonetaryFund,WorldEconomicOutlookDatabase,April2018

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2012

1,481.56

2013

1,485.60

2014

1,610.36

2015

1,638.76

2016

1,749.16

2017

1,982.70

2018

2,134.75

2019

2,334.14

2020

2,538.82

2021

2,762.31

2022

3,006.54

2023

3,273.85

VGisDakPhPaepratCnaapmitapoarttCtruarfrfeicnt(mPrililcioens*to(UnSn$e)s)

3,500 CAGR7.47%

3,000

2,500

2,000

1,500

1,000

500

0

INCREASINGSPENDINGONTOURISM

Domesticexpenditureontourismhasgrownsignificantly;In2017,itreachedRs12.11trillion(US$186.03billion),

ItisexpectedtoreachRs26.43trillion(US$405.84billion),

implyingacompounded

between2012-28.

annual

growth

rate

of

7.29

per

cent

Note:F–Forecast,E–Estimated,*atreal2017pricesconvertedatUSD=INR65.12

Source:WTTC-Travel&TourismEconomicImpact2018

22

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131.61

139.55

149.42

163.82

179.33

186.03

199.63

405.84

DomViessatkichaEpxaptennadmitpuorertotnraTffoicur(imsmilli*o(nUtSo$nnbeilsli)on)

450.00 CAGR7.29%

400.00

350.00

300.00

250.00

200.00

150.00

100.00

50.00

0.00

2012 2013 2014 2015 2016 2017 2018E2028F

GOVERNMENTINITIATIVES

Source:UnionBudget,ArancaResearch

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StatueofUnity

StatueofSardarVallabhbhaiPatel,alsoknownas‘StateofUnity’,wasinauguratedinOctober2018.Itisthehigheststandingstatueintheworldataheightof182metre.

ItisexpectedtoboostthetourismsectorinthecountryandputIndiaontheworldtourismmap.

NationalTourismPolicy2015

FormulationofNationalTourismPolicy2015thatwouldencouragethecitizensofIndiatoexploretheirowncountryaswellaspositionthecountryasa‘MustSee’destinationforglobaltravellers

UnderUnionBudget2017,USD14.87millionwasallocatedforpromotion&publicityofvariousprogrammes&schemesoftheTourismministry.

PilgrimageRejuvenationandSpiritualAugmentationDrive(PRASAD)

NationalMissiononPilgrimageRejuvenation&SpiritualAugmentationwasimplementedbytheMinistryforenhancingthefacilitiesprovided&infrastructureatpilgrimagecentresofallcities

InMarch2018,totalamountsanctionedbytheMinistryofTourismforthisschemewasRs5638.87crore(US$868.87million)since2014-15.

SwadeshDarshan

Basedonspecificthemes,governmenthasidentified13circuitswhichincludesKrishnaCircuit,BuddhistCircuit,HimalayanCircuit,NorthEastCircuit&CoastalCircuit

Tajmahotsav:the10daycelebrationprovideaplatformtoexperienceIndia’sarts,craft,culture,cuisine,dance&music.

UnderBudget2018-19,thegovernmentallottedRs1,250crore(US$193.08million)forIntegrateddevelopmentoftouristcircuitsunderSwadeshDarshanandPilgrimageRejuvenationandSpiritualAugmentationDrive(PRASAD).

TOURISMPOLICYANDINITIATIVESGIVEABOOSTTO

THEINDUSTRY…(1/2)

Source:WorldTravel&TourismCouncil,UnionBudget2015–16,ArancaResearch

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TaxIncentives

Aninvestment-linkeddeductionunderSection35ADoftheIncomeTaxActisinplaceforestablishingnewhotelsinthe2-starcategoryandaboveacrossIndia,thuspermittinga100percentdeductioninrespectofthewholeoranyexpenditureofacapitalnature

SafetyandSecurityInitiatives

MinistryofTourismlauncheda24x7TollFreeMultilingualTouristInfor-Helplinein12languageswhichwillprovideinformationrelatingtotravelinIndia

MinistryofTourismissuedguidelinesonSafetyandSecurityforStates/UTsalongwithtipsfortravelers

LaunchedSocialMediaAwarenessCampaigninthespiritof‘AtithidevoBhava’todevelopimportanceofgoodconductandbehaviortowardstourists

InitiativetoconductconstantdialoguewithState/UTsfordrawingideasfordevelopmentandpromotionoftourism

TouristPolice

InMarch2018,MinistryofTourisminitiatedStateGovernments/UnionTerritoryadministrationsofIndiatodeployTouristPolice

SpecialBoards

TheMinistryhassetupaHospitalityDevelopment&PromotionBoard,whichwillmonitor&facilitatehotelprojectclearances/approvals

TOURISMPOLICYANDINITIATIVESGIVEABOOSTTO

THEINDUSTRY…(2/2)

IncentivesfromMinistryofTourism

ProjectMausam

E–TouristVisa

IndiaTourismMart2018

Source:WorldTravel&TourismCouncil,ArancaResearch

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InSeptember2018,firsteverIndiaTourismMart(ITM2018),wasorganised.Itwasathreedayeventinwhichallthestakeholdersoftheindustrycametogethertointeractandtransactbusiness.

Thenumberoftouristsarrivingone-touristvisagrew35percentyear-on-yearto158,884duringthemonthofSeptember2018.

ForeignerstravellingtoIndiaone-touristvisawillreceiveaBSNLSIMcardwhichwillbepreactivatedandloadedwithtalktimeanddata.

Under‘ProjectMausam’theGovernmentofIndiahasproposedtoestablishcrossculturallinkages&torevivehistoricmaritimecultural&economictieswith39IndianOceancountries.In2015,GovernmentofIndialinkedChinaSilkRoadprojectwithProjectMausam.

Assistanceinlargerevenue-generatingprojects.

SupporttoPublicPrivatePartnershipsininfrastructuredevelopmentsuchasviabilitygapfunding.

Schemesforcapacity-buildingofserviceproviders.

CONTINUEDGROWTHININVESTMENTSINTHE

TOURISMSECTOR

India’stourismsectorattractedcapitalinvestmentsofUS$47.8billionin2017

andexpectedtoreachUS$95.3billionby2028.

BerggruenHotelsisplanningtoaddaround20propertiesunderitsmid-marketsegment'KeysHotels'brandacrossIndia,by2018

Hiltonplanstoadd18hotelspanIndiaby2021,alongwith15operationalhotelsunderitsbrandsnamelyHampton,HiltonGardenInn,Conrad,HiltonHotels&Resorts&DoubleTreebyHilton.

In2018,MarriottInternationalplanstoadd20morepropertiestoitsexistingportfolioof98hotelsinIndia.

LouvreHotelsGroup,world’sfifthlargesthotelgroup,planstoincreaseitsbusinessinIndiato10-15percentby2021from5-7percent,asofSeptember2018.

CollectivegovernmentspendinginIndiaontravelandtourismisexpectedtoreachRs367.9billion(US$5.85billion)in2028fromRs169.8billion(US$

2.81billion)in2017.

InSeptember2018,theIndiangovernmentlaunchedthe‘IncredibleIndia

MobileApp’toassistthetravellertoIndiaandshowcasemajorexperiencesfortravelling.

Note:E–Estimated,F-Forecast

Source:WorldTravel&TourismCouncil’sEconomicImpact2018,2017,ArancaResearch

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1.67

33.7

23.8

1.76

28.9

1.88

33.0

31.3

1.97

32.2

2.31

35.0

2.61

34.6

36.6

2.89

47.8

5.65

95.3

Collectivegovernmentspendingontourism(US$Visakhapatnamporttraffic(milliontonnes)

billion)

CapitVailsiankvheasptmatennatmsipnotrhtetrtaofufircis(mislleiocntotro(nUnSe$s)billion)

6.00

CAGR7.91%

5.00

4.00

3.00

2.00

1.00

0.00

2012 2013 2014 2015 2016 20172018E2028F

120.0

CAGR5.33%

100.0

80.0

60.0

40.0

20.0

0.0

GROWTHINVISAONARRIVAL

InJune2016,theIndiangovernmentapproved150countriesunder

theVisaonArrivalschemetoattractadditionalforeigntourists.

TouristArrivalsthroughVisaonArrivalincreasedataCAGRof

120.99percentduring2010-17toreach1,697,175touristsin2017.

Indiangovernmenthasalsoreleasedafreshcategoryofvisa–themedicalvisaorMvisa,toencouragemedicaltourisminIndia.Foreigntouristarrivalsformedicalpurposeincreasedfrom427,014

in2016to495,056in2017(P).

Note:P-Provisional

Source:MinistryofTourism,ArancaResearch

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6,594

12,761

16,084

20,294

39,048

4,45,300

1079696

16,97,175

VisakhapGatrnoawmthpionrtvitsrafoicn(amrriilvliaolntonnes)

1800000 CAGR120.99%

1600000

1400000

1200000

1000000

800000

600000

400000

200000

0

2010 2011 2012 2013 2014 2015 2016 2017

Tourism&Hospitality

OPPORTUNITIES

NICHESEGMENTSOFFERGOODOPPORTUNITIES

Source:MinistryofTourism,BMI,ArancaResearch

29

Tourism&Hospitality

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Ecotourism

Ruraltourism

Cruisetourism

Medicaltourism

Indiaisoftentermedashotspotofbio-diversity&thisrichnaturalheritageisunparalleledinmanyways.

Suchvaluableresourcebasegivesimpetusforthepracticeofvarietyofalternatetourismforms&manyofwhicharealreadyinexistence.

Forexample:Thenationalparks,wildlifesanctuaries&biospherereserves

ThepotentialforthedevelopmentofruraltourisminIndiaishighasmostofitspopulationresidesinruralareas

Thiscanbenefitthelocalcommunityeconomically&socially,andfacilitateinteractionbetweentourists&localsforamutuallyenrichingexperience

Cruiseshippingisoneofthemostdynamic&fastestgrowingsegmentsofthegloballeisureind