Southern India Continues to Dominate Travel & Tourism Market
Increasing
foreign tourist footfall, robust medical infrastructure, rising government
initiatives, and increasing trend towards recreational tourism to drive India
travel & tourism market through 2023
According to TechSci Research report, “India
Travel & Tourism Market By Product/Service Offering, By Type, By
Purpose of Visit, By Tourist Profile, By Average Duration of Stay, Competition
Forecast & Opportunities, 2013 – 2023”, travel & tourism market in India is forecast to reach
$ 86 billion by 2023, backed by growing leisure & recreation, adventure, medical
and wellness tourism in the country. As
per the Ministry of Tourism, in 2016, foreign tourist footfall in India was
over 8.5 million, which was 9.59% higher than the previous year, on account of
rising infrastructural developments, increasing trend towards recreational
tourism and growing regional and central government’s focus on promoting the
country’s tourism industry.
Browse 12 market data Tables and 91
Figures spread through 121 Pages and an in-depth TOC on"India Travel & Tourism
Market"
https://www.techsciresearch.com/report/india-travel-tourism-market-by-product-service-offering-by-type-domestic-inbound-etc-by-purpose-of-visit-by-tourist-profile-by-average-duration-of-stay-by-mode-of-travel-competition-forecast-and-opportunities/883.html
Southern region dominated India travel & tourism market in 2017,
and the region is anticipated to continue dominating the market through 2023,
on account of growing domestic and foreign tourist footfall, and increasing
number of religious and leisure trips to the region. Moreover, the region is emerging
as a key hub for medical and wellness tourism. Leisure & recreation, which is
the main purpose of visit in the country, accounts for the largest market share,
on the back of increasing number of people visiting families and friends for
various occasions and tour operators offering cheap packages. Medical tourism
is a small, but a robustly growing segment in India travel & tourism
market. Fast growth in India medical travel & tourism market can be
attributed to the availability of cost-effective and high quality medical
treatment procedures offered at internationally renowned healthcare facilities.
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“India travel
& tourism industry is not only a large employment generator, it is also a
significant source of generating foreign exchange for the country. Moreover,
the Ministry of Tourism is designing national policies for the promotion and
development of the country’s travel & tourism sector. The ministry is also
collaborating with other stakeholders in the industry including state
governments, various central ministries/agencies, representatives of the
private sector and union territories, which would further aid the market in the
coming years.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“India Travel & Tourism Market By
Product/Service Offering, By Type, By Purpose of Visit, By Tourist Profile, By
Average Duration of Stay, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of travel & tourism market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the India travel & tourism market
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