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Wednesday, 12 December, 2018, 11 : 12 AM [IST]

India has the potential to become a multi-billion dollar opportunity

The flow of business travellers between the two countries India and China is large; however genuine tourist is a very small decimal point. Despite big campaigns and e visa facilities only 2.4 lakh Chinese tourists visited India last year against 14 lakh Indians who visited China. Countries all over the world are making a big pitch for attracting Chinese tourists as their numbers have crossed 144 million last year, the highest in the world it is just enough for India to get 10% of Chinese tourists in 5 years.

While the international outbound leisure travel from India in comparison may be at an early stage of development, India’s economic and demographic indicators, together with societal changes, point to it being a market of huge potential in the near future. We believe it has the potential to become a multi-billion dollar opportunity, rivaling the Chinese outbound travel opportunity capturing headlines, which has seen a rapid development of its airlines, airports, hotels, destinations and the broader travel & tourism industry, hence there is a learning to be gained here and we as a source market can emerge as a significant driver of future economic and socio political policy formulation. By 2025 there will be 13.9 million international leisure departures from India, generating 19.4 million Indian visitor arrivals overseas, delivering a compound annual growth rate (CAGR) of 12.4%.

International holiday travel will be driven by a predominantly younger, online-savvy generation of travellers seeking to discover iconic destinations, create new adventures, and travel more independently than their families have ever done. Their travels will be fuelled by rising incomes, and it will help encourage others to do so and TAAICONNECT is your association that attempts to help you capture that opportunity.

This TAAI team has taken upon itself a very key and important challenge to explore new venues for tour operators to exchange business between India and China; Kunming is yet a destination with great potential lesser known to the India travellers. As southwest China’s transportation hub, the city plays a significant role for connecting Southeast Asia and China. The city also provides links to many popular destinations elsewhere in Yunnan such as Dali, Lijiang, and Shangri-La.

 
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