Category — Tourism & Hospitality

Foreign Travel Arrivals in India Grow 15 percent this year

India’s Ministry of Tourism released a report based on data from the Bureau of Immigration that says the number of overseas travelers to India grew 15 percent year-on-year. For the period January – July 2017 foreign travel arrivals numbered 5,674,000 , compared to 4,903,000  in the corresponding time period last year.

Considering the number of arrivals, Bangladesh has emerged on top of the chart, with a share of 20.12 percent, followed by tourists from the United States of America (16.26 percent) and United Kingdom (10.88 percent).

A Section of New Delhi Airport

A Section of New Delhi Airport

Travelers arriving on e-visas have registered a year-on-year growth of 73.3 percent — a total of 119,000  tourists arrived on an e-Tourist Visa as compared to 68,000  in July last year. USA and U.K. were at the top two spots in terms of countries availing e- Tourist Visa facilities in July 2017, with percentage shares of 12.9 and 12 respectively.

The international airport at New Delhi received the highest number of foreign travelers, reports Business Standard.

August 28, 2017   No Comments

American Exports to India Support 260,000 U.S. Jobs

According to the publication India Matters for America/America Matters for India created by The East West Center in Washington and the Federation of Indian Chambers of Commerce and Industry (FICCI),”Every U.S. state exports to India; these exports support more than 260,000 jobs directly and indirectly.”

Logos of East West Center and FICCI

The launch of the publication brought together experts from the U.S. Government, business, and academia to assess how the partnership between the United States and India has moved towards greater cooperation in matters of defense, trade and investment, and educational and people-to-people exchange. Particular emphasis was on how local connections at the state level are shaping the relationship.

Other notable bits of information, as reported by the Economic Times:

  • U.S. is India’s 2nd largest trading partner while India is the 9th largest goods trading partner of the U.S.
  • The U.S. is the top destination for Indian goods, forming 14 percent of India’s export
  • U.S. exports amounted to $21.5 billion in goods and $18.1 billion in services to India in 2015
  • U.S. goods imports from India increased from $1 billion in 2000 to almost $45 billion in 2015
  • Nearly 2,000 American multinational enterprises operate in India; sales by these companies amounted to $76.7 billion in 2014
  • Over 200 Indian companies operate in the United States; sales by these companies totaled $25 billion in 2014
  • More than 1.2 million U.S. tourists visited India in 2015, accounting for over 15 percent of all international visitors, contributing over $3 billion to the Indian economy
  • In 2015, over 1 million Indians traveled to the United States. As the 7th largest source of visitor
    spending in the United States, Indian tourists have contributed $11.4 billion to the U.S. economy
  • India’s foreign direct investment in the U.S. totaled $9.2 billion in 2015, up more than 500 percent since 2006. Among the Asia Pacific countries, India is the 7th largest investor in the U.S.
  • Since 2000, the cumulative investment from U.S. into India reached $28.3 billion in 2015
  • The defense trade between the U.S. and India increased from $1 billion to over $15 billion

August 28, 2017   No Comments

Marigold Capital Set to Acquire The Leela in Chennai

Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around.

Mumbai-based JM Financial, an investment bank that is the advisor to the sale said, “The deal with Marigold is in the documentation stage where the final agreement will be drafted.”
The Economic Times reports that last year, the JM Asset Reconstruction Company sold the Leela Group’s hotel in Goa to a Malaysian conglomerate MetTube SD BHD for about $113 million.
The Leela Chennai

June 12, 2017   No Comments

What’s the Favorite Destination for India’s Tourists?

Google India said that the top travel searches conducted by Indians between the months of February to April this year were on U.S.A. – the most-preferred summer destination for Indian travelers – followed by the United Arab Emirates, and Thailand.

Travel signboard

Other pieces of the Google search data reported by the Economic Times:
  • Interest in Nepal, Indonesia, and Bhutan witnessed high year-on-year growth.
  • Travel-related queries such as planning, transport, accommodation, vacation packages and travel documentation witnessed a 53% year-on-year growth during the same period.
  •  A 70% Y-o-Y growth in travel queries from non-metro cities over the past year, with 40.80% of all travel related queries emerging from cities and towns beyond Delhi NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Kolkata, and Ahmedabad.
  • Within India, Goa continues to be the most preferred destination; hill stations such as Manali, Shimla and Ooty feature in the top 10 destinations list.
  •  Andaman and Nicobar Islands have witnessed a boom in popularity with 39.8% Y-o-Y growth.
  • Search queries for rail services were nearly twice as high as the combined searches for all other modes of travel: air, bus, taxi, and car rentals.

June 12, 2017   No Comments

Hilton Poised for Major Expansion in India

With 15 operating hotels in India currently, McLean Virginia-based Hilton is planning to add 18 more across India by 2021 as it considers the country to be one of its key growth drivers.

In an interview with the Economic Times, Christopher J. Nassetta, president and CEO of Hilton Worldwide said that with a population of 1.3 billion, a rising middle class, and a growing economy, India represents “a huge opportunity for Hilton and the hospitality industry as a whole” and that the hotel market in India is “hugely underserved from a branded perspective and that’s where the opportunity lies.”
Hilton Expansion in India Group

Hilton Expansion in India Group

 Nassetta went on to explain that Hilton had a presence in 11 key cities of India across five of the company’s brands: the flagship Hilton brand as well as Conrad, Doubletree, Hampton and Hilton Garden Inn. “The energy here is incredible and we we have major expansion plans for India from both a domestic and outbound perspective, and look forward to eventually introducing more of our brands in the country,” he added.

May 2, 2017   No Comments