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Sector Trend - Outlook
29-Apr-14
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Sector
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Hotel & Tourism: Forex earnings from tourism declines 2.7% to USD 17.85 billion in FY2014
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Foreign tourists' arrivals growth accelerates to 4.7% in FY2014 from 2.2% in FY2013
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Outlook
Foreign tourists arrival to India increased at accelerated pace during FY2014. However, the earnings from tourism has declined in dollar terms, while an increase in earnings in Rupee terms is on account of consistent weakening of Indian Rupee. All eyes will be on new government at center level in May 2014 and its policies governing tourism sector. Tourism is one of the key labour intensive sector, while its contribution to GDP is also on rise. The new Government needs to implement progressive approaches to visa policy, which makes it easier for people to travel and to ensure intelligent rather than punitive taxation.
Foreign Tourists Arrival and Forex Earnings |
Month |
Foreign Tourist Arrivals |
Forex Earnings from Tourism |
(000 nos.) |
Var (%) |
USD million |
Var (%) |
Rs. Crore |
Var (%) |
Apr-14 |
452 |
1.0 |
1333 |
2.1 |
7248 |
7.5 |
May-14 |
384 |
2.5 |
1109 |
8.4 |
6089 |
9.5 |
Jun-14 |
444 |
2.4 |
1208 |
4.3 |
7036 |
8.5 |
Jul-14 |
524 |
7.9 |
1493 |
-1.3 |
8920 |
6.3 |
Aug-14 |
474 |
6.4 |
1294 |
-0.9 |
8139 |
12.1 |
Sep-14 |
436 |
5.9 |
1175 |
-3.6 |
7502 |
12.8 |
Oct-14 |
589 |
5.8 |
1382 |
-10.1 |
8513 |
4.4 |
Nov-14 |
718 |
2.4 |
1665 |
-6.3 |
10429 |
7.3 |
Dec-14 |
800 |
6.2 |
1886 |
-2.3 |
11680 |
10.7 |
Jan-14 |
720 |
3.0 |
1805 |
-6.2 |
11197 |
7.0 |
Feb-14 |
738 |
7.3 |
1824 |
-4.3 |
11355 |
10.8 |
Mar-14 |
669 |
4.5 |
1679 |
-4.4 |
10257 |
7.4 |
Cumulative |
FY2013 |
6636 |
2.2 |
18355 |
5.8 |
99789 |
19.4 |
FY2014 |
6948 |
4.7 |
17853 |
-2.7 |
108365 |
8.6 |
Source: Ministry of Tourism |
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