Why Inbound Tour Operators should have India in their growth plan?

Indians have always dreamt of travelling to foreign destinations. This fantasy was aided and also experienced through Indian Cinema which has always been betting its fortunes on exotic shooting locations. Until recently, traveling abroad was confined to rich travellers. The reason which was holding the large middle class population of the country from experiencing overseas visit was primarily money. 
But in a recent trent, spike has been observed in the growing number of Indian outbound travellers.

As per World Travel and Tourism Council, Indian tourism industry generates INR 6.4 trillion in 2012 which is equal to 6.6% of the nation’s GDP that year. The future prospect of growth of this sector is predicted to be 7.9% from 2013 to 2023. The buzz of the potential Indian market is attracting the tour operators to increase their sale. This gives India the third rank among countries with the fastest growing tourism industries over the next decade.
Outbound Travellers from India is expected to be 50 million by year 2020.

Reasons for influx of Indian tourist on foreign land

Out bound will grow by 300% by 2020
Realising the potential of India’s market, travel companies have got more reasons to celebrate. Introduction of direct flights from the metros has helped DMC’s to convince customers for international destinations.

New government emphasis on tourism
As per new national policies for the development and promotion of tourism the Ministry consults and collaborates with other stakeholders in the sector for convenient traveling to other countries. This is a two way strategy. If Indians are going abroad then the influx of foreign visitors will also come here.

This will increase overseas tourist in Indian tourism industry.
  • The easy access tourist visa has made traveling overseas more convenient in recent time.
  • Visa requirements vary depending on the nationality of your passport, the length of your stay, whether you will leave the airport, the nature of your trip, your point of entry, and the areas you will be visiting.
  • To successfully get this, you must demonstrate to the consul that you are definitely going to return home after your stay in their country.
  • Employment is not allowed unless it is issued together or in conjunction with a working holiday visa.

High potential market in the early days:  This can be regarded as the beginning of a new travel domain for the tourism industry in India. This will surely build up over time. Indian outbound spending has crossed INR 15 billion by 2011. And it is anticipate that it will increase more.

Identify potential Indian Tourists:
With the rise in income, Experts realize two categories of Indian travelers are growing, at the top end and the bottom end. The current population of India is 1,271,702,542 (1.27 billion) as of January 15, 2015, out of which India's middle class segments the report estimates, will grow from the present 5% to 50% by 2030.
  • As per figure 11.5 million Indians traveled abroad while 740.21 million travels domestically. It is expected that 50 million Indians will travel abroad in 2020.
  • Australia tourism hopes to get 300,000 Indian tourists by 2020.
  • South Africa Tourism Board says India has become one of the key tourism generating nations for their country.
  • Indian tourist arrivals to Thailand crossed the 1-million mark for the first time in 2012.
Key travel destinations will be – Thailand, Australia, South Africa, Singapore, US, Malayasia, China.
Booming outbound countries for Indians are Thailand, Singapore, Malaysia, United States, China, Hong Kong, Switzerland, Australia, Canada, Sri Lanka, Nepal, Japan, Turkey, Abu Dubai, Indonesia, South Korea, Macau and Poland. Many of these countries have set their offices in India in order to meet the demand for outbound tours for the Indians.

The Indian middle class has started travelling abroad thereby creating new opportunities. If you as an inbound tour operator happen to serve destinations that are sought after by Indians, then this might be the right time to invest in having a "India strategy". We at moxiter can help you get started with an Indian agent network to tie up with. Time to plan for a bigger pie out of 50million Indian travellers!


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