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Inbound-Tourism-Journals

The sector contributed USD 8.8 trillion to the global economy and accounted for 319 million jobs, equivalent to one in every ten jobs. The scale of growth and importance of the sector is also evident from the fact that one in five of all new jobs created in the world over the last five years has been in travel & tourism. The sector has also been an integral part of India’s growth story, accounting for 9.2% of India’s GDP and 42.7 million jobs in 2018. Diverse portfolio of tourism offerings including traditional and emerging themes of tourism, including Nature-based, Heritage & Cultural, Religious, Adventure, Medical & Wellness, MICE and Wedding, among others have been a key attraction for domestic and foreign tourists. Strong domestic demand and economic growth, price competitive offerings, infrastructure development, and emergence of new destinations and niche tourism products will continue to drive the growth of the industry in the near future.

Last Updated on: May 08, 2024

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