Increasing popularity of India as a tourism spot and increasing business ties with other countries will fuel growth for foreign tourist arrivals at a CAGR of around 8% during 2010-2014, RNCOS identified.
(TRAVPR.COM)INDIA - June 2nd, 2011 - According to our research report “Indian Tourism Industry Analysis”, the tourism sector in India is quite lucrative and a crucial one for the country’s economy. It contributes significantly to the country’s GDP and provides rampant employment, directly and indirectly throughout the nation. Domestic tourism is the backbone of Indian tourism sector, driven by rich cultural diversity and heritage, along with popular pilgrim tourism. Other nations have widely noticed it during the last decade, courtesy Incredible India campaign, and came to India to feel the unique experience. This, along with increasing business ties with various countries will cause the foreign tourist arrivals to grow at a CAGR of around 8% through 2010-2014.
According to our research, the country will witness a growing market for all types of tourism activities. States, such as Andhra Pradesh, Uttar Pradesh, Tamil Nadu, Karnataka, and Rajasthan have been the center of attraction for tourists. It has also given a huge impetus to the civil aviation sector apart from fueling the hospitality and transport sector.
Further, our report discusses the direction, in which, the tourism sector in India is likely to move in near term. The report also features forecast for foreign tourist arrivals, outbound tourists, domestic tourist visits and several other factors crucial to future developments at regional level. Besides, our report provides a detail analysis on market potential of hotel industry in the country. It also covers government initiatives in the country’s tourism Industry.
“Indian Tourism Industry Analysis”, provides latest developments in the tourism sector of India. Besides, the report analyzes market opportunities critical to further growth and their impact on the tourism sector. Additionally, the report features business description of key players to provide balanced research outlook of the tourism industry. It also sheds light on the emerging market trends, which are expected to decide the future of the India’s tourism sector.
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