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India Must Envision and Develop Ambitious New Tourism Projects

Mint New Delhi

|

December 27, 2024

Destination management can be enhanced by deploying technology

- SUMAN BILLA

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 travellers 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 travellers 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.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

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Mint New Delhi

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India Inc's rural engine sputters in Sep quarter

Tepid farm income, sluggish credit growth and an uneven consumption recovery weighed on the momentum of companies linked to rural India in the September quarter, pulling back their pace of growth, even as they stayed ahead of the non-rural pack on some key parameters, a Mint analysis showed.

time to read

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Meta's big court win

Social media major Meta has won big relief as a US judge ruled in its favour in an antitrust case filed by the US Federal Trade Commission (FTC) that could have forced it to spin off Instagram and WhatsApp.

time to read

1 min

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Mint New Delhi

xAI in talks to raise $15 billion in fresh equity

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Mint New Delhi

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AYURVEDIC HOSPITAL CARE: WHY INSURERS PUSH BACK—AND HOW TO WIN CLAIMS

Over the past few years, a friend has undergone Ayurvedic treatment for fluctuating blood pressure at a Kerala hospital. The insurer had routinely covered a week of hospitalization, but this time rejected the claim, arguing the annual treatment appeared more like rest than medical necessity. Ayurvedic claims are becoming harder to get approved.

time to read

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Mint New Delhi

Fabindia-Biome row now in arbitration

The founders of personal care company Biome Life Sciences India Pvt. Ltd on Wednesday told the Delhi high court that they were withdrawing their petition against parent Fabindia Ltd over share valuations.

time to read

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Mint New Delhi

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A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

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