Tourism Industry in India:

• Government aims to lift the share of Tourism to atleast 2% by FY 2025 from the current 1%.
• Foreign tourist arrival in 2016 is currently @ 23 months high : 7.36 Lakhs in July 2016 Vs 6.28 Lakhs in July 2015 and 5.69 Lakhs in July 2014.
• Jan to Aug 2016 FTA increased 10.2% Vs 4.6% from Jan to Aug 2015.
• Issuance of e-tourist visa to over 150 countries – very favourable.
• Current average occupancy rate of 63%
• Average room rent : Rs.5300
• India has 1,60,000 branded hotel rooms.
• Marriott-Starwood Merger : created 79 hotels with 16000 rooms : with occupancy rate of 70%
• Loyalty membership – main reason for Marriott success
• Taj Group (Indian Hotels) – owns 16640 rooms across 125 hotels – under 4 brands.
• Currently medical tourism contributes less than 0.1% of India’s GDP.
• Medical tourism is currently estimated E US$ 3 billion. Likely to touch US$8 billion in next 4 years.
• India to be 3rd most souchg after country for medical tourists by CY 2020