Travel and Tourism Industry: India 2013

The travel and tourism industry contributed a total of 113.2 billion U.S. dollars to GDP in India in 2013 – this accounted for 5.35 percent of India’s total GDP. The industry directly provided more than 22 million jobs in that year. Not only is India the second largest tourism market in Asia after China, the country was also ranked in the twenty fastest-growing tourism destinations worldwide by the World Travel and Tourism Council. Placed eleventh in the list, the direct contribution of travel and tourism to GDP in India is expected to grow an average of 6.4 percent annually between 2014 and 2024.

In 2013, there were 6.85 million international tourist arrivals in India. This was a large increase from the 2.65 million seen just 13 years earlier in 2000. The largest source market for visitors to India was the United States, followed by the United Kingdom. In 2013, visitors in India spent 18.4 billion U.S. dollars. Outbound travel from India is also on the rise: approximately 860 thousand Indian nationals traveled to the U.S. in 2013. This figure was forecasted to rise to 1.32 million in 2018. Europe is even more popular, with 1.77 million Indian tourists traveling there in 2014.

Hotel prices in India are generally low, only rising above 100 U.S. dollars once in the first half of 2014 when average daily rates reached 104.11 dollars in February. In 2013, Mumbai was the second cheapest city in the world for U.S. travelers staying in five-star hotels. With an average daily rate of 177 U.S. dollars, the city came second only to Warsaw in Poland, where the average price for a night in a five-star hotel was just 124 U.S. dollars.

Source: www.statista.com

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