India Must Envision and Develop Ambitious New Tourism Projects
Mint Mumbai|December 27, 2024
Destination management can be enhanced by deploying technology
SUMAN BILLA
India Must Envision and Develop Ambitious New Tourism Projects

Our economy has been one of the fastest-growing globally, successfully doubling its per capita income over the past decade. This economic shift is driving a surge in consumption, with domestic tourism almost doubling from 1.28 billion in 2014 visitations to 2.51 billion in 2023. Even after refining these figures to include only leisure, shopping, and business travel, and taking into account only those staying in hotels and guest houses, the number reached a formidable 470 million domestic tourist visits in 2023.

Inbound international tourist arrivals have also increased from 13.1 million in 2014 to 17 million in 2023. But it is outbound Indian travelers going abroad that have grown significantly from 18.3 million in 2014 to 27 million in 2023. This figure might seem modest compared to our domestic travel numbers, but this exceeds the population of almost three-quarters of the world's nations. Our burgeoning outbound market has captured global attention, with many destinations offering visa-free entry and experiences tailored for Indians. Retaining a significant portion of these travelers within our country is both a challenge and an opportunity—as every dollar saved is a dollar earned.

India's tourism sector is at a pivotal juncture, with the potential to drive economic growth and create millions of jobs here. While demand for travel has surged, structural challenges like overcrowding, inadequate infrastructure, and governance gaps need to be addressed first. The robust demand for tourism has also created substantial supply-side pressures. Many popular destinations are struggling to accommodate the surge—hill stations are often overwhelmed during peak seasons. This overburdening is diminishing both the visitor experience and the quality of life for host communities.

Esta historia es de la edición December 27, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 27, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
Mint Mumbai

KKR to lead Leap India's 535 crore funding

Leap India Pvt. Ltd, a storage and supply chain services provider that is majority-owned by private equity firm KKR, is raising ₹535 crore (around $62.7 million) in its latest funding round led by KKR, along with participation from Sixth Sense, First Bridge India, Madhurima International and Niveshaay Sambhav Fund, as well as a few angel investors.

time-read
1 min  |
December 27, 2024
CLIMATE CHANGE AND THE NEW GREEN ECONOMY: BIG QUESTIONS FOR $25
Mint Mumbai

CLIMATE CHANGE AND THE NEW GREEN ECONOMY: BIG QUESTIONS FOR $25

India must navigate China's monopoly in the global supply chain of green goods

time-read
4 minutos  |
December 27, 2024
Microsoft is forcing its AI assistant on people-and making them pay
Mint Mumbai

Microsoft is forcing its AI assistant on people-and making them pay

Microsoft is trying a new approach to excitement for its artificial intelligence assistant Copilot: Give it to customers whether they want it or not.

time-read
3 minutos  |
December 27, 2024
Do fashion collabs give both brands an edge?
Mint Mumbai

Do fashion collabs give both brands an edge?

As international luxury brands look to connect with Indian buyers, collaborations with Indian designers have increased

time-read
3 minutos  |
December 27, 2024
Purists Don't Want Bakers to 'Mess' With the Mince Pie
Mint Mumbai

Purists Don't Want Bakers to 'Mess' With the Mince Pie

Some Brits believe jazzing up the festive treat, made of dried fruit and pastry, takes away its nostalgic value

time-read
2 minutos  |
December 27, 2024
How will US federal workers react to the wrath of DOGE?
Mint Mumbai

How will US federal workers react to the wrath of DOGE?

They face hard choices. The US should heed past advice on reforms

time-read
3 minutos  |
December 27, 2024
Medium-to-long term priorities that the budget should address
Mint Mumbai

Medium-to-long term priorities that the budget should address

Let's promote job generation in labour-intensive sectors, augment fresh-water supply and invest in cutting-edge technologies

time-read
3 minutos  |
December 27, 2024
Spare a thought for over-stressed Indian bureaucrats
Mint Mumbai

Spare a thought for over-stressed Indian bureaucrats

The life of an Indian bureaucrat is a paradox of power and vulnerability.

time-read
3 minutos  |
December 27, 2024
A Manufacturing Sector Revival Is a Must to Uplift Our Economy
Mint Mumbai

A Manufacturing Sector Revival Is a Must to Uplift Our Economy

India requires structural changes that go beyond cosmetic policy tweaks to address the real issues

time-read
3 minutos  |
December 27, 2024
Watch 'Industry': Delve into imaginary trading
Mint Mumbai

Watch 'Industry': Delve into imaginary trading

This serial does what the film 'Wall Street' did. It reveals how grubby investment banking can be. But it also shows the power of money to bury hatchets and forge unlikely alliances

time-read
2 minutos  |
December 27, 2024