Forex earnings increase due to rise in tourist arrivals
Sai Nikesh | The Dollar Business The Indian Ministry of Tourism’s latest official release says that the Indian Tourism sector has witnessed a growth rate in January, 2015. According to the Ministry’s monthly estimates released on Tuesday, the Foreign Tourist Arrivals (FTA) and Foreign Exchange Earnings (FEE) in terms of rupees, have increased to 4% over the corresponding year. According to statistics, FTAs, by accounting to a total of 7.90 lakh during January, 2015, over 7.59 lakh in the corresponding year, has achieved 4% growth rate. The FTAs during January 2013 were at 7.20 lakh in number. Coming to the FEE statistics, the FEE earnings during January, 2015 stood at 11,529 crore as compared to 11,082 crore in January 2014 ...
Oil price slide to boost tourism, global economy: UNWTO
Sai Nikesh | The Dollar Business The United Nations World Tourism Organisation (UNWTO), in its latest report announced that the international tourism, with a growth of about 3% to 4%, will contribute to the global economic recovery in 2015. According to a region-wise positive outlook for 2015 (confirmed by UNWTO Confidence Index), the growth is expected to be stronger in Asia & Pacific and the Americas, both above 4% to 5%, followed by Europe (above 3% to 4%), Africa (above 3% to 5%) and the Middle East (above 2% to 5%). UNWTO Secretary-General Taleb Rifai says, “The decline of oil prices, not seen since 2009, will lower transport costs and boost economic growth in 2015, by lifting purchasing power and private demand ...
Indias Foreign Exchange Earnings from tourism up 20% in April Sep 2014
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%), ...
