Advantage India
Robust
Demand
*India's tourism and hospitality sector is expected to yield revenue exceeding Rs. 5,12,356 crore (US$ 59 billion) by 2028. Moreover, Foreign Tourist Arrivals (FTAs) are forecasted to hit 30.5 million by the same year.
*According to the Tourism Minister of India, country’s tourism industry is expected to grow with a compound annual growth rate (CAGR) of 20% in the next couple of decades, driven by the rise in India’s middle-income group and disposable income.
*International tourist arrivals are expected to reach 30.5 million by 2028.
Attractive
Opportunities
*India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure.
*Travel and tourism are two of the largest industries in India, with a total contribution of about US$ 199.6 billion to the country’s GDP
*The government has taken steps to boost investments in facilitate spiritual tourism with states like Uttar Pradesh developing tourist circuits and Uttarakhand and West Bengal enhancing infrastructure for pilgrims.
Policy
Support
*India’s Union Budget FY26 has allocated Rs. 2,541.06 crore (US$ 291.07 million)to boost its tourism sector, focusing on improving infrastructure, skill development, and travel facilitation through measures like developing 50 top tourist destinations, offering MUDRA loans for homestays, enhancing connectivity, and introducing e-visa facilities.
*The budget also supports sustainable tourism with the Swadesh Darshan Scheme 2.0, promotes medical tourism under "Heal in India," revitalizes spiritual tourism, and preserves heritage through the Gyan Bharatam Mission, aiming to drive employment and economic growth.
*The Ministry of Tourism has approved 46 projects under its PRASHAD Scheme, including three in Andhra Pradesh. Additionally, 29 sites have been identified for development under this scheme, with two located in Andhra Pradesh.
Diverse
Attractions
*India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure.
*According to WTTC, sector's contribution to GDP was Rs. 21,15,000 crore (US$ 250.2 billion) in CY24 and could potentially grow to Rs. 43.25 crore (US$ 511.5 billion) by CY34, supporting approximately 63 million jobs.
*According to WTTC, over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.1% annually.
*With recent developments in the hospitality infrastructure, the segment envisages directly contributing Rs. 2,60,52,000 crore (US$ 3 trillion) to the country’s GDP by 2047.
Ease My Trip
EaseMyTrip, a significant player in online travel since 2008, serves both domestic and international markets. Originating from aiding small B2B agents, it now offers a comprehensive booking platform for online and offline customers. Providing a range of travel solutions, including air tickets for 400+ airlines, bookings for nearly 1 million hotels worldwide, cab services with 4000+ operators, bus tickets from 2000+ operators, and railway tickets for major Indian cities, EaseMyTrip caters to diverse travel needs.
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Indian Hotels Company Ltd.
Indian Hotels Company Limited (IHCL) provides a fusion of warm Indian hospitality and world-class services to its guests. The group was incorporated in 1903 with its first-ever hotel, The Taj Mahal Palace, Mumbai. It is present in 12 countries across four continents including India, North America, United Kingdom, Africa, Sri Lanka, etc. The group has a portfolio of about 285 hotels and an inventory of over 31,000 rooms in over 125 plus locations. Taj, Vivanta, and The Gateway are the three award-winning brands functioning under the group with 37, 33, and 28 hotels operating under the brands, respectively.
Read MoreMake My Trip
Make My Trip is India’s leading online travel company which provides Indian traveller with instant bookings and comprehensive choices. It initiated its services by serving the US-India travel market in 2000 offering a range of best-value products and services powered by technology and round-the-clock customer support. It started its operations in India in 2005. It has proactively diversified its products offering by adding a variety of online and offline products and services.
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