Tourism & Hospitality
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country.
The Indian government has realized the country’s potential in the tourism industry and has taken several steps to make India a global tourism hub. Some of the major initiatives taken by the Government of India to give a boost to the tourism and hospitality sector of India are as follows:
- The Union Cabinet has approved a MoU between India and South Africa, aimed at expanding bilateral cooperation in the tourism sector through exchange of information and data, establishing exchange programmes and increasing investments in the tourism and hospitality sector.
- The Ministry of Tourism plans to revise its guidelines to exempt homestays from service tax or commercial levies and make their licensing process online, which is expected to encourage people to offer homestays to tourists.
- The Union Cabinet has approved the signing of Memorandum of Understanding between the Ministry of Tourism of India and the Ministry of Trade Industry and Tourism of Colombia in order to boost cooperation in the field of tourism between the two countries.
- The Central Government has given its approval for signing of a MoU between India and Cambodia for cooperation in the field of tourism with a view to promote bilateral tourism between the two countries
India’s travel and tourism industry has huge growth potential. The tourism industry is also looking forward to the expansion of E-visa scheme which is expected to double the tourist inflow to India. Rating agency ICRA ltd estimates the revenue growth of Indian hotel industry strengthening to 9-11 per cent in 2015-16. India is projected to be the fastest growing nation in the wellness tourism sector in the next five years, clocking over 20 per cent gains annually through 2017, according to a study conducted by SRI International.
The Tourism sector of Indian economy is at present experiencing a huge growth. The Tourism sector of Indian economy has become one of the major industrial sectors under the Indian economy.
The Indian Tourism and Hospitality industry has emerged as one of the key drivers of growth among the services sector in India. The Tourism and Hospitality sector is among the top 15 sectors in India to attract the highest Foreign Direct Investment (FDI). During the period April 2000-September 2015, the hotel and tourism sector attracted around US$ 8.48 billion of FDI, according to the data released by Department of Industrial Policy and Promotion (DIPP). It is also an important source of foreign exchange earnings in India.
The growth in the tourism industry is due to the rise in the arrival of more and more foreign tourists and the increase in the number of domestic tourists. Tourists from Africa, Australia, Lain America, Europe, Southeast Asia, etc are visiting India and are growing by the thousands every year.
Tourism is potentially large employment generator besides being a significant source of foreign exchange for the country. Indian Tourism offers a potpourri of different cultures, traditions, festivals, and places of interest. There are a lot of options for the tourists. India is a country with rich cultural and traditional diversity. This aspect is even reflected in its tourism. The different parts of the country offers wide variety of interesting places to visit.
HIGHLIGHTS GES 2017
- 2nd Edition of Global Exhibition on Services
- International Exhibition
- Sector Specific Seminars
- One to One Business Meetings
- International Delegations
- Networking Opportunities
- Senior Officials of Central & State Governments
- Global Leaders from Private Sector
- Trade Delegations from India & Overseas
- Cultural Evenings
- Food Festival
- Film Festival
Who Should Attend
Stakeholders from Tourism Industry
✓ Ministry of Tourism, Government of India
✓ State Governments
✓ Indian Tour Operators & Travel Agents
✓ International Tour Operators & Travel Agents
✓ Hoteliers, Resorts & Spa owners
✓ National and International Airlines
✓ Corporate Travel Decision Makers
✓ Potential Investors in the field of Hospitality, Leisure and Travel industry
For further queries, you may contact -
Ms Swati Thakre
Tel: +91 8130493994
Ms Anju Yadav
Tel: +91 9717552846