06-10-2012, 04:32 PM
TRAVEL & TOURISM INDUSTRY
TOURISM.pptx (Size: 1.82 MB / Downloads: 44)
INTRODUCTION
Tourism is travel for recreational, leisure or business purposes.
Temporary, short-term movement of people to destination outside their resident places.
HISTORY OF TRAVEL AND TOURISM INDUSTRY
Wealthy people have always travelled to different parts of the world.
Leisure travel was associated with the Industrial Revolution in the United Kingdom.
Cox & Kings was the first official travel company to be formed in 1758.
OUTLOOK FOR TRAVEL & TOURISM INDUSTRY IN INDIA
India as a tourism destination is the toast of the world at the moment.
Conde Nast ranked India amongst the top 10 tourist destinations.
Travel and tourism industry is the second highest foreign exchange earner for India.
ROLE OF TOURISM INDUSTRY IN INDIA GDP
Tourism industry has contributed enormously in the flourishing graph of India’s economy
Indian tourism industry contributes to around 5.9% of the country’s GDP.
The booming success of Indian tourism industry has led to a drastic change in the hospitality department as well.
It provides employment to around 41.8 million of inhabitants.
The online tourism industry has accounted for a turn over of USD 800 million.
IMPACT OF TRAVEL & TOURISM INDUSTRY ON OTHER SECTORS.
Travel & tourism industry's impact on other sectors is very immense. Sectors like horticulture, agriculture, poultry, handicrafts and construction have benefitted immensely from the travel and tourism industry. Tourism industry also provides indirect employment to millions of people in India through its linkage with other sectors of the economy.
FUTURE PROSPECTS OF TRAVEL & TOURISM INDUSTRY IN INDIA
The demand for travel and tourism in India is expected to grow by 8.2% between 2010 and 2019.
Expected to be the second largest employer in the world.
Projected to become the fifth fastest growing business travel destination from 2010-2019.