According to a report by World Travel and Tourism Council, Indian’s travel and tourism industry is set to grow by about 7.3% in 2014, better that last year. This year’s tourism business was bad compared to last years in terms of number of tourists visited the country.
In 2014, the revenue is expected to grow by over 8%, buy the average spending by the foreign tourists is expected to decrease, according to the report. "The picture in India in general terms is good. But in terms of the global forecast, it is much lower than other countries, like China, which grew at 9.2% in 2013 (and is anticipated to grow at 8.3% in 2014)," said David Scowsill, president and CEO, WTTC.
Read more about the report here - http://economictimes.indiatimes.com/news/news-by-industry/services/travel/indias-tourism-industry-to-grow-7-3-in-2014-wttc/articleshow/32271528.cms
In 2014, the revenue is expected to grow by over 8%, buy the average spending by the foreign tourists is expected to decrease, according to the report. "The picture in India in general terms is good. But in terms of the global forecast, it is much lower than other countries, like China, which grew at 9.2% in 2013 (and is anticipated to grow at 8.3% in 2014)," said David Scowsill, president and CEO, WTTC.
Read more about the report here - http://economictimes.indiatimes.com/news/news-by-industry/services/travel/indias-tourism-industry-to-grow-7-3-in-2014-wttc/articleshow/32271528.cms
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