Search Result for : Tourism Industry

The Dollar Business Bureau With Kerala shifting its focus on tourism intensively with a new and wide assortment of tourism packages, the state is expecting a sharp rise in international and domestic tourist arrivals at 11% and 9% this year, up from 6.25% and 5.67% in 2016, an official from the state government said on Tuesday. Domestic tourist arrivals stood at 1.32 crore and international tourists at 10.38 lakh during last year, generating a revenue of Rs.29,658.56 crore and Rs.7,749.51 crore, K S Shine, Kerala’s Tourism Information Officer told media in Coimbatore. “With the State shifting into high gear with a new and assorted fare of tourism products, the arrivals are expected to increase considerably,” Shine said. The official said that the mainstay for ...

The Dollar Business Bureau India’s aviation and tourism industry viewed the Union Budget 2017 as pro-growth and pro-poor budget, covering a wide sphere of the industry. They, however, felt that the Finance Minister could have made substantial announcements to make these two industries globally competitive. There were some positive reactions from the industry. KPMG Partner and Head (Aerospace and Defence) Amber Dubey who said that the government’s decision to develop, maintain and operate selected AAI airports in Tier 2 cities through PPP mode is a welcome step. “It will bring in greater efficiency, best practices and accountability. Higher commercial revenues will help reduce aeronautical charges and make flying more affordable," Dubey said. On Wednesday, Jaitely in the budget speech said the AAI framework will be ...

The Dollar Business Bureau India’s travel and tourism industry is capable of growing at a faster pace and create job opportunities for about 46 million people by 2025, only if implementation of apt investments and policies are intact, said Richard Verma, US Ambassador. The tourism and travel industry contributed $120 billion, accounting to 6.3% of India’s GDP, and was supported by 37 million jobseekers in 2015, says the data available with the World Travel and Tourism Council. Timely and economical air connectivity can boost and explore the industry to its fullest potential, said Verma while addressing a conference themed ‘'Travel and Tourism as a means to achieve $500 billion trade between India and USA'. The conference was organized by Indo-American Chamber of Commerce. He ...

The Dollar Business Bureau Tourists taking boat tour on the Ganga river in Varanasi, Uttar Pradesh, India. Ganga, Krishna, Buddha, North East and Kerala are five theme-based circuits that will be developed to boost tourism this year   The number of Foreign Tourist Arrivals (FTAs) to India have increased to around 7.4 million in the calendar year 2014, up around 7.1% from around 6.9 million seen in the previous year. The growth is better than the y/y growth of around 5.9% seen in 2013. According to the Ministry of Tourism, the growth in tourism has fuelled India’s Foreign Exchange Earnings due to tourism from around $18.45 billion in 2013 to about $19.66 billion in 2014, registering a y/y growth of around ...

The Dollar Business Bureau | @TheDollarBiz Foreign Tourist Arrivals to India are up about 11.7% (y-o-y) in April - September 2014   India’s Foreign Exchange Earnings (FEE) from tourism in the first half of FY2014-15 stands at Rs.54,170 crore (about $9 billion), which is up almost 20% compared to Rs.45,275 crore (about $7.66 billion) earned in the corresponding period last year. According to India’s Ministry of Tourism, the total number of tourist arrivals  (Foreign Tourist Arrivals or FTAs) during April-September 2014 has increased to 30.53 lakh, up about 11.7% from 27.33 lakh recorded during the same period last year. The top source countries in September 2014 include: Bangladesh (14.79%), USA (11.88%), UK (8.33%), Sri Lanka (4.77%), Malaysia (4.18%), Japan (3.69%), Australia (3.54%), ...