As per WTTC report, by year 2020 Indian tourism would contribute 850,000 crores to the GDP. In fact, worldwide, the growth of Indian tourism outpaces that of any other country. With a booming Indian economy and emergence of a new middle class, today outbound and domestic tourists far outnumber the numbers of tourist coming into the country.
Opportunities for all those involved in the Tourism Industry are immense, and the changes in the industry over the years with the advent of technology have set new standards for the players involved, primarily, all India travel agencies.
The year 2005 was the best year for inbound travel, with foreign visitor arrivals touching a record 3.9 million, resulting in international tourism receipts of Rs 262 billion. The target for 2006 has been pegged at 4.4 million inbound tourists.
According to the ministry of tourism the total number of domestic tourists in 2005 was in the region of 300 million. There are different sub-segments to these such as adventure tourism, pilgrim tourism and leisure tourism. Pilgrim tourism still comprise 50 per cent of the total domestic movements. Domestic numbers are expected to increase by 15 per cent year-on-year.
Pacific Asia Travel Association (PATA), records that outbound travel from India is growing at a rate of 10.5 percent. According to IATA India fi gures the total outbound fi gure for 2005 stood at 5.5 million tourists and it is expected to touch 7 million by the end of 2006.