Market Report, "India Tourism Report Q2 2015", published

India's tourism market is expected to show healthy growth across key indicators over the medium term (2015-2019). A relaxation of visa requirements and increase in international flight connections will help to improve accessibility for major inbound source markets while domestic economic growth is supporting robust growth in the larger outbound travel market. As a result of increased travel, we expect to see healthy gains in tourism related expenditure and industry value.

The outbound tourism market from India is substantial and has enormous potential for future growth considering the size of the population. Solid annual GDP growth and increasing wages will boost the spending power of Indian tourists, and many countries are targetting the country as a growth area. Australia is currently trialling a new online visa application system for visitors from India, as part of the Tourism 2020 plans which aims to increase the contribution of tourists from India to between USD1.5bn and USD1.8bn a year. We expect to see steady annual growth in outbound tourism from India, increasing from 13.10mn departure in 2015 to 17.25mn departures in 2019.

Full Report Details at
- http://www.fastmr.com/prod/951944_india_tourism_report_q2_2015.aspx?afid=301

Compared to its outbound travel market, India's inbound tourism market is much smaller, with around 7.61mn arrivals expected in 2015, increasing to 9.21mn in 2019. Both the inbound and outbound tourism markets are dominated by India's nearby neighbours in the Asia Pacific region, which can take advantage of the ease and relatively low cost of regional travel. The UK and USA are two major markets outside of the Asia Pacific region. India's tourism market will benefit from the introduction of a visa on arrival system, allowing visitors to obtain a 30 day visa when arriving in India following the completion of an electronic travel authorisation form online. 43 countries are currently included on the scheme, which will eventually be expanded to 109 countries.

New visa restrictions reflect the government's commitment...

The India Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's India Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Indian tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for India to test other views - a key input for successful budgetary and planning in the Indian tourism market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Brazil Tourism Report Q2 2015
- Chile Tourism Report Q2 2015
- Japan Tourism Report Q2 2015
- Czech Republic Tourism Report Q2 2015
- Hungary Tourism Report Q2 2015