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India Tourism Revenue

  • India's Tourism Revenue reached 2 USD bn in Apr 2024, compared with 3 USD bn in the previous month
  • India's Tourism Revenue data is updated monthly, available from Jan 2001 to Apr 2024
  • The data reached an all-time high of 3,211 USD mn in Dec 2019 and a record low of 9 USD mn in Apr 2020

View India's Tourism Revenue from Jan 2001 to Apr 2024 in the chart:

India Tourism Revenue

What was India's Tourism Revenue in Apr 2024?

India's Tourism Revenue reached 2 USD bn in Apr 2024, compared with 3 USD bn in the previous month See the table below for more data.

Tourism Revenue by Country Comparison

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  • India's travel and tourism sector poised for growth: Projected revenue to reach USD 23.72 bn by 2024

tourism revenue india

  • Updated On Apr 16, 2024 at 01:37 PM IST

<p>India's travel and tourism sector poised for growth: Projected revenue to reach USD 23.72 bn by 2024</p>

New York City expects 65 million visitors this year with over 3.8 lakh visitors from India

New York City is home to the world’s busiest airport system and the number one port of entry for US international travellers. New York City welcomed a total 61.8 million travellers in 2023, marking a recovery of 93 per cent of the City’s record 2019 visitation levels. New York City welcomed 336,000 India travellers – marking full recovery of the market’s pre-pandemic visitation levels.

  • Published On Apr 16, 2024 at 01:36 PM IST

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tourism revenue india

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India Tourism Revenues

Tourism revenues in india decreased to 58330 inr million in march from 182810 inr million in february of 2020. tourism revenues in india averaged 101558.57 inr million from 2008 until 2020, reaching an all time high of 226170.00 inr million in december of 2019 and a record low of 31530.00 inr million in may of 2008. source: department of tourism, india,   markets,   gdp,   labour,   prices,   money,   trade,   government,   business,   consumer,   housing,   taxes,   health,   climate.

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How revenge tourism is boosting prospects for India’s tourism sector post Covid

Country’s tourism industry is starting to benefit from pent-up demand, leading to a surge in domestic travel.

Visitors enjoy leisure time at the Gateway of India, one of Mumbai's main tourist attractions. India’s tourism industry is projected to contribute $512bn to the country's GDP by 2028, according to a government investment agency. EPA

Visitors enjoy leisure time at the Gateway of India, one of Mumbai's main tourist attractions. India’s tourism industry is projected to contribute $512bn to the country's GDP by 2028, according to a government investment agency. EPA

At Mumbai’s Gateway of India, a historic monument by the Arabian Sea, visitors jostle for a good spot to take selfies and snapshots. Most of the tourists are from other parts of the country and the scene is in stark contrast to the coronavirus lockdown of 2020, when the attraction was deserted due to strict Covid curbs.

However, with restrictions largely lifted now, India’s Covid-battered tourism industry is starting to benefit from pent-up demand. This has led to a surge in domestic trips, in a phenomenon known as “ revenge travel ” — although international tourism in the country has yet to recover fully.

“From a time when we were literally shutting down our businesses, we've seen sort of historic highs of demand rates and occupancies,” says Vibhas Prasad, director of the Leisure Hotels Group, a luxury resort chain with 27 properties in northern India.

“So, the leisure market has bounced back pretty much across the country. I think domestic tourism will remain on a strong wicket.”

India’s tourism industry contributed $178 billion, or about 5.8 per cent, to the country’s gross domestic product in 2021, according to the World Travel & Tourism Council. This will more than double to $512 billion by 2028, according to Invest India, a government investment promotion agency. The tourism sector provides about 137 million jobs.

Due to the impact of the pandemic, only 1.54 million foreign tourists arrived in India in 2021, Ministry of Tourism data shows. That compares with 10.93 million tourists in 2019. Tourists are steadily returning, though, with estimates that India received 2.1 million foreign visitors in the first six months of this year.

Domestic tourism also took a beating during the pandemic, with local tourist visits sharply declining to 677 million in 2021 compared with 2.3 billion in 2019. Although domestic visitor numbers for this year have yet to be released, industry sources point to a huge increase in tourist numbers.

tourism revenue india

“The travel industry is getting back on its feet and is witnessing a robust recovery,” says Vikas Sharma, chief executive of Encalm Hospitality, an airport hospitality company.

“People are now keen to explore new destinations and are venturing out of their homes with a vengeance."

Demand for trips within India is also being boosted by delays in securing visas to some overseas destinations and the cost of a holiday abroad surging.

“Domestic travel has increased as international travel is becoming a hassle with various restrictions and procedures,” says Chander K Baljee, chairman and managing director at Royal Orchid Hotels, which has more than 75 properties across the country.

“Many people are not travelling due to the high fares and hotel rates across Europe and other countries. Indians are now discovering the value of domestic travel. So, in my view, domestic tourism is here to stay.”

As a result of a strong demand, Royal Orchid Hotels' net profit in the second quarter to the end of September surged fivefold in the current fiscal year, according to Mr Baljee.

The company's performance is “better than pre-Covid levels and we expect it to grow further”, he says.

“We are experiencing through-the-roof bookings across the country while some of our properties are booked out for the year,” he adds.

Reflecting a spike in domestic travel, IndiaLends, an online marketplace for loans and credit cards, says that demand for travel loans has shot up 10 times in the past year and crossed pre-pandemic levels.

In a country of about 1.4 billion people, which has an expanding middle class, the domestic travel market has huge potential for much further growth in the coming years, industry experts say.

Even before the pandemic, the numbers of international tourists were widely considered to be below India's potential given the size of the country and the vast range of attractions it offers — from forts to mountains and beaches to jungles — as well as its rich culture and cuisine.

The recovery in foreign tourist arrivals in India still has a long way to go.

“Internationally, due to the geopolitical uncertainty, we currently have guests coming in from a few countries only … this foreign travel currently contributes to only 5 per cent of our overall business,” says Nikhil Kapur, co-founder and director of Atmantan Wellness Centre, a luxury resort in Mulshi, near Mumbai.

He remains hopeful these numbers will improve in the coming months, and says that demand from Indians means that the business “has crossed all our previous benchmarks” compared to before Covid.

“While inbound international travel has picked up significantly, it still hasn’t reached pre-pandemic levels,” says Haitham Mattar, managing director, India, Middle East and Africa at IHG Hotels & Resorts, one of the world's largest hotel chains, with brands including InterContinental and Holiday Inn.

In the second quarter of 2022, the group's total revenue in India exceeded 2019 levels, while occupancy levels are up 2 per cent on 2019 levels at 75 per cent, Mr Mattar says.

“Domestic travel facilitated significant business recovery [after] Covid restrictions were lifted,” he says.

“In 2020, at the peak of the pandemic, we witnessed the lowest occupancy and revenue in the history of our industry.”

However, there are promising signs for international tourism recovery in India, analysts say.

“We believe the sector is on an upswing,” says Shobit Singhal, research analyst at Anand Rathi, a Mumbai-based stock trading and advisory company.

“Rising inbound tourism and a rise in the number of government delegations and international conferences augurs well for the sector.”

During the pandemic, many hospitality companies evolved and adapted to a shift in trends, and some are continuing to reap the rewards from this.

“We found that due to extended stays such as 'workations', our guests’ needs evolved into one for a branded homestays with standardised service,” says Ramit Sethi, founder of Seclude Luxury Homestay, which has luxury home-style boutique properties in locations including Kerala, Goa and Shimla — important tourist destinations in India.

“This was an idea we were already envisioning, which got accelerated during Covid and is a trend we've witnessed that is still in play today.”

As travel picks up, India’s airline industry is buoyant too.

“After nearly two years of navigating one of the worst crises ever faced by the industry, Indian aviation has been showing signs of strong recovery from early 2022 with a consistent upswing in demand for both domestic and international travel,” a representative for Vistara told The National .

The airline, which is a joint venture between Tata Group and Singapore Airlines, said it is expanding its domestic and international routes, recently having added the city of Jaipur in the north Indian state of Rajasthan to its network.

The country's festive and wedding season in this quarter is also helping to fuel demand.

India lifted a ban on international flights on March 27. AFP

India lifted a ban on international flights on March 27. AFP

“As the peak travel season continues, passenger traffic across our network has significantly increased, majorly driven by visiting friends and relatives, and leisure travel,” a Vistara representative said.

Such trends are boosting the outlook for the South Asian country’s tourism industry.

“India’s tourism industry is now experiencing a positive increase [and] during the second quarter of this year, our bookings at Wyndham were as high as 700 per cent, compared to the number of bookings at the same time last year,” says Nikhil Sharma, regional director for Eurasia, Wyndham Hotels and Resorts.

“This positive momentum makes us hopeful.”

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Tourism in India

Development of the tourism sector in india from 1995 to 2021.

Tourists per year in India

Revenues from tourism

Tourism receipts in India per year

All data for India in detail

Comparison: quality of life

India’s New High Net Worth Travelers – India Report

Bulbul Dhawan , Skift

July 1st, 2024 at 11:00 PM EDT

Indian travelers are becoming an important source travel market across the world. A new report highlights the preferences of the high net worth traveler base and what they are willing to spend on.

Bulbul Dhawan

The Skift India Newsletter is your go-to platform for all news related to travel, tourism, airlines, and hospitality in India.

We’ve written a lot about India’s rising middle class – and how they’re set to keep spending more on travel. But now we’re hearing more about India’s high net worth travelers in a new report from Marriott International.

According to the research, culinary experiences are a key driver for Indian travelers. In fact, for them, a hotel’s fine dining options are more important than the property’s location.

India is also driving the trend of exclusive experiences in the Asia Pacific region, the report stated. “Affluent Indian travelers have a deep appreciation for culture, architecture and design and are willing to pay more for VIP access.” 

A significant portion of Indian travelers are planning to spend more on their leisure travel this year, looking at six trips over the course of the year, with an average three-four nights for a short trip and two-three weeks for a long holiday.

Nearly 50% of the Indian travelers are willing to pay more for luxury hotel brands, and wellness within their leisure trips is a priority. 

A full, fast-paced itinerary is also a preference for Indian travelers, the report added.

Key Destinations for Indians: About 70% of these high net worth Indian travelers are planning a trip to Australia, followed by Singapore, where more than 50% of travelers are planning to visit. 

Japan, Malaysia, Thailand, New Zealand, Hong Kong, and Maldives are among other key destinations for Indians in the Asia Pacific (APAC) region. 

A recent report by consulting firm McKinsey and Company said that India is a fast-growing source of outbound tourism. During the 2023-24 financial year, Indians spent about $17 billion on international travel.

Government to Work to Increase Tourism’s GDP Share to 10%

The government will work on increasing the contribution of tourism to India’s Gross Domestic Product (GDP) to 10% from the current level of just over 6%. 

Tourism minister Gajendra Singh Shekhawat said that India has several verticals of tourism, including culture, nature, wildlife, activity, adventure, and more. 

“We will work on how these verticals of tourism can be further developed, so that, along with increasing the contribution of tourism to the country’s GDP, employment opportunities can also increase,” he said.

Akasa Air Announces Flights to Abu Dhabi

Low-cost Indian airline Akasa Air has announced that it will be commencing flights to Abu Dhabi starting July 11. This will mark the carrier’s fourth international destination. Akasa Air will operate daily direct flights between Mumbai and Abu Dhabi. 

The airline commenced its international operations earlier this year, when it started flying to Doha, and then it expanded its network to include Jeddah and Riyadh in Saudi Arabia. It has also been granted flying rights to Kuwait, co-founder Praveen Iyer told Skift in an earlier interview . 

Akasa Air’s comes as there is a significant boost in connectivity between India and the Middle East in response to the rising demand from Indian tourists. Airlines, including IndiGo, Vistara, Etihad Airways, Oman Air, and SalamAir, have launched new routes and increased the frequency of existing flights to cater to the growing number of travelers. 

Ginger Hotels to Double in East, Northeast India in 3-5 Years

Indian Hotels Company (IHCL) is planning to double the presence of its Ginger brand in the East and Northeast region of India over the next three to five years, according to executive vice president Deepika Rao. 

The budget hotel brand currently has 11 operational properties in the region, and a pipeline of seven hotels that will open in two to three years. There are over 90 properties in Ginger’s portfolio, of which the East and Northeast region accounts for about 20%.

Ginger’s expansion strategy includes focusing on smaller cities. It is IHCL’s second-largest brand after Taj, and the company is looking to have over 85 operational Ginger hotels by the end of the 2025-26 financial year. 

EaseMyTrip Signs Agreement With Uttar Pradesh to Boost Tourism

Online travel company EaseMyTrip has signed an agreement with the Uttar Pradesh EcoTourism Development Board (UPETDB), which is responsible for executing promotional and tourism activities in the state. 

The collaboration aims to boost promotion and development of tourism in Uttar Pradesh by using EaseMyTrip’s reach and technology to showcase the state’s eco-tourism destinations, the online travel company said. 

EaseMyTrip will also actively promote all registered homestays in Uttar Pradesh on its online portal, as well as curate and market tourism packages showcasing the state’s unexplored destinations, cultural experiences, cuisine, and crafts. 

Air India to Set Up Flying Training Organization in Maharashtra

Full service carrier Air India is planning to set up a Flying Training Organization (FTO) in Maharashtra’s Amravati. This will be South Asia’s largest FTO, the airline said in a statement, and is being established as part of an initiative by the Maharashtra Airport Development Company (MADC). 

The FTO would train 180 commercial pilots every year after it becomes operational in 2025. 

“The FTO will offer aspiring pilots an opportunity to undergo training with curricula at par with global schools,” said Sunil Bhaskaran, Director, Aviation Academy, Air India.

Skift India Report

India is booming. Discover the subcontinent’s most important travel news here every Tuesday-Thursday.

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Tags: air india , airlines , akasa air , budget hotels , easemytrip , hotels , india , india outbound , india travel , indian airlines , Indian Hotels Company , luxury , luxury hotels , luxury travel , marriott , Marriott International , skift india report , tourism , Travel Trends , traveler behavior

Photo credit: During the 2023-24 financial year, Indians spent about $17 billion on international travel. (Image: JW Marriott Bengaluru Prestige Golfshire Resort & Spa) Marriott

tourism revenue india

Palace on Wheels as wedding destination! India's first luxury tourist train to take bookings soon

R ajasthan is renowned for its tradition, beauty, and culture. Their ancestry is reflected in every corner, street, and alleyway. Every town and city in this state has a unique history, culture, and must-see locations. This pride is on display aboard the Palace on Wheels, the second most costly train in India. In keeping with its moniker, the train provides a few regal amenities that elevate the traveller experience. 

In an effort to increase tourism in Rajasthan, the Indian Railways and the Rajasthan Tourism Development Corporation developed one of the country's opulent tourist trains, The Palace on Wheels. It was introduced for the first time in 1982 and goes by the name Heritage Palace on Wheels. The train has regal amenities including spa treatments, excellent cuisine, bars, lounges, and premium accommodations. There will be an additional facility available in addition to these. On the train, marriages are possible.

The Palace on Wheels, Rajasthan's royal train, has a regal appearance. Along with great meals and other facilities, it has regal decor. It is now possible for anyone to perform marriage ceremonies and other rites aboard this moving train.

An agreement has been made with the travel company to provide wedding facilities on the train. The train with this facility will begin functioning soon.

There has never before been a wedding aboard a moving train. A tour of Rajasthan's ancient and popular destinations, including Jaipur, Sawai Madhopur, Chittorgarh, Udaipur, Jodhpur, Jaisalmer, and Bharatpur, is provided by The Palace on Wheels. New Delhi and Agra are included as well.

After Maharaj Express, Palace on Wheels is the second most expensive train among the trains running in India. The fare is in lakhs. The fare of the train goes up to more than a lakh rupees depending on the number of days/nights. Majorly, foreign tourists, famous personalities and even businessmen travel on this luxurious train.

Every kind of facility is available on this royal train for the passengers. Now, the train will be equipped to host a wedding as well and is expected to generate revenue of lakhs of rupees.

Palace on Wheels as wedding destination! India's first luxury tourist train to take bookings soon

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IT services revenue in India FY 2021-2023, by market

In financial year 2023, the revenue of India's information technology services sector was estimated to reach 125 billion U.S. dollars. It was an 8.3 percent increase in comparison with the previous year. Most of the value was generated by export. 

Revenue of IT services in India from financial year 2021 to 2023, by market (in billion U.S. dollars)

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  15. How revenge tourism is boosting prospects for India's tourism sector

    I think domestic tourism will remain on a strong wicket.". India's tourism industry contributed $178 billion, or about 5.8 per cent, to the country's gross domestic product in 2021, according to the World Travel & Tourism Council. This will more than double to $512 billion by 2028, according to Invest India, a government investment ...

  16. Development and importance of tourism for India

    Within 26 years, the country's dependence on tourism has increased noticeably. Before the outbreak of the COVID-19 pandemic, sales were $31.66 billion billion, 1.1 percent of gross national product. In 2020, tourist receipts plummeted due to the COVID-19 pandemic. Of the $31.66 billion billion (2019), only $13.41 billion billion remained.

  17. India: travel and tourism total impact to GDP 2023

    Revenue share from tourism in India 2013-2022, by segment Travel & tourism direct economic impact in South Korea 2012-2028 Contribution of travel and tourism to GDP in the U.S. 2013-2017, by type

  18. India's New High Net Worth Travelers

    A recent report by consulting firm McKinsey and Company said that India is a fast-growing source of outbound tourism. During the 2023-24 financial year, Indians spent about $17 billion on ...

  19. Research & Analytics

    The Ministry of Tourism brings out an Annual Publication called "India Tourism Statistics " every year giving details of international and domestic tourism, including details about the classified hotels etc. In addition a small brochure called "Tourism Statistics at a Glance" is also brought out, giving updated and latest key statistical ...

  20. Thailand's tourism thrives with $22.4 bn revenue: India key driver

    Thailand's tourism ministry reported a significant increase in foreign tourists during the first half of 2024, recording 17.5 million arrivals, marking a 35% rise from the same period last year. These visitors contributed 825 billion baht ($22.42 billion) in revenue, with China, Malaysia, and India as the leading source markets. Tourism remains a crucial economic driver for Thailand amidst ...

  21. PDF INDIA TOURISM STATISTICS 2022

    India Tourism Statistics, 2022 xi DISCLAIMER Ministry of Tourism relies on various sources viz. UNWTO, States/UTs Tourism Department, Bureau of Immigration (BoI), Archaeological Survey of India (ASI) etc. to compile the latest data for India Tourism Statistics 2022. In case of any ambiguity or doubts, users are advised

  22. India: contribution of travel and tourism to GDP 2023

    Revenue share from tourism in India 2013-2022, by segment; Travel & tourism direct economic impact in South Korea 2012-2028; Contribution of travel and tourism to employment in the Canary Islands ...

  23. PDF India Tourism Statistics

    India's rank in International Tourist Arrivals. 8th. Share of India in International Tourism Receipts (US $ terms) 6.78%. India's rank in International Tourism Receipts. 6th. Inbound Tourism: Foreign Tourist Arrivals (FTAs), Arrivals of Non-Residents Indians (NRIs) and International Tourist Arrivals (ITAs) 2001-2019.

  24. Palace on Wheels as wedding destination! India's first luxury tourist

    In an effort to increase tourism in Rajasthan, the Indian Railways and the Rajasthan Tourism Development Corporation developed one of the country's opulent tourist trains, The Palace on Wheels.

  25. India: revenue share from tourism by segment 2022

    Revenue share from tourism in India 2013-2022, by segment Distribution of direct travel and tourism GDP in India FY 2023, by spending type Number of jobs in travel and tourism sector in India FY ...

  26. India: revenue share from tourism by visitor origin 2022

    Revenue share from tourism India 2013-2022, by visitor origin. In 2022, the share of revenues from domestic travel spending to the total tourism revenue was over 88 percent in India. The share of ...

  27. India: IT services revenue by market 2023

    Travel, Tourism & Hospitality ... In financial year 2023, the revenue of India's information technology services sector was estimated to reach 125 billion U.S. dollars. It was an 8.3 percent ...