Travel suppliers eye India’s outbound tourism market

Source: http://thehitavada.com/Encyc/2018/6/3/Travel-suppliers-eye-India-s-outbound-tourism-market.aspx

TRAVEL and tourism businesses around the world are looking to capitalise on India’s double-digit annual growth in the outbound MICE and luxury travel segment, with the value of India’s business travel market expected to reach USD 93 billion by 2030, organisers of an industry event have said.
India has recently moved up two places to become the eighth largest business travel market in the world, and business travel spending in the country is projected to record a compound annual growth rate of 12 per cent through 2020, they said.
As India maintains its double-digit annual growth in the outbound meetings, incentives, conferences and exhibitions (MICE) and luxury travel segment, travel and tourism businesses around the world are looking to capitalise on the country’s growth potential.
The MICE market refers to a niche of group tourism dedicated for planning, booking, and facilitating conferences, seminars, and other events.
Forging business opportunities and partnerships with leading Indian corporates and luxury travel specialists will be discussed at the 6th annual MICE India and Luxury Travel (MILT) Congress, the premier B2B event that caters to both the business travel and luxury tourism sectors in India.
Organised by Dubai-based QnA International, the MILT Congress will be held this year in Mumbai from July 25-26 and in Delhi from July 31-August 01.
By 2030, the value of India’s business travel market is expected to reach USD 93 billion, a statement released here said.
Noting that Indian corporates remain largely unaffected by the global slowdown and continue to spend big on corporate travel, Hassan Madah, Director, Israel Ministry of Tourism – India and the Philippines, said.
India is among the largest source markets for MICE tourism in both Dubai and Abu Dhabi, and the travel and hospitality companies in both the Emirates are looking to further expand their reach in the Indian market by taking advantage of the unique networking opportunities provided by MILT Congress 2018 with its high-profile buyer lineup.
The United Nations World Tourism Organisation (UNWTO), meanwhile, has forecast that India will account for 50 million outbound tourists by 2020.
Business and luxury travel is expected to make up a significant share of the total volume of outbound travel, with one report indicating the country is on track to generating 6.5 million outbound luxury and MICE tourists annually by 2020.
Ackash Jain, Director, QnA International, said, “India has been maintaining an annual GDP growth rate of 6-8 per cent since 2013, and this strong economic momentum is rubbing off on the country’s outbound MICE and luxury travel sector, enabling these segments to post a double digit year- on-year growth”.
According to Jain, the rise of incentive travel, which has emerged as one of the fastest growing segments within India’s outbound business travel
market, is opening a new dimension of opportunities for travel and hospitality suppliers around the world.

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India $45 Billion Outbound Tourism Market

India outbound tourism market is expected to exceed US$ 45 Billion by 2025.

“India Outbound Tourism Market Analysis 2012 – 2017 and Forecast 2018 – 2025” offers the most up-to-date industry data on the actual market situation and future outlook for India outbound tourism market. The report uses data and analysis to discuss potential lucrative opportunities and future trends related to India international travelers visitation, spending, purpose of visits and main destination markets. The report provides clear insight into current and future tourism developments of the India outbound tourism market. Furthermore, this report uses country focused analysis to explore India outbound tourism market.
A detailed country-wise analysis of the market is provided, covering a total of 16 nations. The research study limelight growth drivers and investigates market inhibitors of India outbound tourism market.
The countries included in this report are: 
Singapore, Thailand, United States, Hong Kong, Australia, China, Japan, Korea, New Zealand, Sri Lanka, Taiwan, Nepal, Cambodia, Mauritius, United Kingdom and Canada
Key Findings:
•India has become one of the fastest growing outbound travel markets in the world
•In 2017, there were more than 23 Million outbound tourist departures from India
•India ranks top in terms of number of visitor arrivals to Singapore and Thailand
•Indian travelers likely to become major spenders in the United States
The Latest Industry Data Included in this Report:
•India Outbound Tourism Market (2012 – 2025)
•India Outbound Travelers Visitation & Forecast (2012 – 2025)
•India Outbound Travelers Spending & Forecast (2012 – 2025)
•India Outbound Travelers Visitation Share & Forecast (2012 – 2025)
•India Outbound Travelers Spending Share & Forecast (2012 – 2025)
•16 Countries Indian Travelers Visitation & Forecast (2012 – 2025)
•16 Countries Indian Travelers Purpose of Visit & Forecast (2012 – 2025)
•16 Countries IndianTravelers Spending & Forecast (2012 – 2025)
•Identification of Key Drivers and Inhibitors of the India Outbound Tourism Market
Table of Content
1. Executive Summary

2. India Outbound Tourism Market (2012 – 2025) 
2.1 India Outbound Travelers Visitation
2.2 India Outbound Travelers Spending
3. India Outbound Tourism Market Share (2012 – 2025) 
3.1 India Outbound Travelers Visitation Share
3.2 India Outbound Travelers Spending Share
4. Key Market Drivers and Inhibitors of the India Outbound Tourism Market
4.1 Market Drivers
4.2 Market Inhibitors
5. India Outbound Tourism Market – Country Analysis (2012 – 2025)
5.1 Singapore – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.1.1 India Outbound Travelers Visitation to Singapore
5.1.2 India Outbound Travelers Purpose of Visit to Singapore
5.1.3 India Outbound Travelers Spending in Singapore
5.2 Thailand – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.2.1 India Outbound Travelers Visitation to Thailand
5.2.2 India Outbound Travelers Purpose of Visit to Thailand
5.2.3 India Outbound Travelers Spending in Thailand
5.3 United States – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.3.1 India Outbound Travelers Visitation to United States
5.3.2 India Outbound Travelers Purpose of Visit to United States
5.3.3 India Outbound Travelers Spending in United States
5.4 Hong Kong – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.4.1 India Outbound Travelers Visitation to Hong Kong
5.4.2 India Outbound Travelers Purpose of Visit to Hong Kong
5.4.3 India Outbound Travelers Spending in Hong Kong
 
5.5 Australia – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.5.1 India Outbound Travelers Visitation to Australia
5.5.2 India Outbound Travelers Purpose of Visit to Australia
5.5.3 India Outbound Travelers Spending in Australia
5.6 China – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.6.1 India Outbound Travelers Visitation to China
5.6.2 India Outbound Travelers Purpose of Visit to China
5.6.3 India Outbound Travelers Spending in China
5.7 Japan – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.7.1 India Outbound Travelers Visitation to Japan
5.7.2 India Outbound Travelers Purpose of Visit to Japan
5.7.3 India Outbound Travelers Spending in Japan
5.8 Korea- India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.8.1 India Outbound Travelers Visitation to South Korea
5.8.2 India Outbound Travelers Purpose of Visit to South Korea
5.8.3 India Outbound Travelers Spending in Korea
 
5.9 New Zealand – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.9.1 India Outbound Travelers Visitation to New Zealand
5.9.2 India Outbound Travelers Purpose of Visit to New Zealand
5.9.3 India Outbound Travelers Spending in New Zealand
5.10 Sri Lanka – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.10.1 India Outbound Travelers Visitation to Sri Lanka
5.10.2 India Outbound Travelers Purpose of Visit to Sri Lanka
5.10.3 India Outbound Travelers Spending in Sri Lanka
5.11 Taiwan – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.11.1 India Outbound Travelers Visitation to Taiwan
5.11.2 India Outbound Travelers Purpose of Visit to Taiwan
5.11.3 India Outbound Travelers Spending in Taiwan
5.12 Nepal – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.12.1 India Outbound Travelers Visitation to Nepal
5.12.2 India Outbound Travelers Purpose of Visit to Nepal
5.12.3 India Outbound Travelers Spending in Nepal
 
5.13 Cambodia – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.13.1 India Outbound Travelers Visitation to Cambodia
5.13.2 India Outbound Travelers Purpose of Visit to Cambodia
5.13.3 India Outbound Travelers Spending in Cambodia
5.14 Mauritius – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.14.1 India Outbound Travelers Visitation to Mauritius
5.14.2 India Outbound Travelers Purpose of Visit to Mauritius
5.14.3 India Outbound Travelers Spending in Mauritius
5.15 United Kingdom – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.15.1 India Outbound Travelers Visitation to United Kingdom
5.15.2 India Outbound Travelers Purpose of Visit to United Kingdom
5.15.3 India Outbound Travelers Spending in United Kingdom
5.16 Canada – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.16.1 India Outbound Travelers Visitation to Canada
5.16.2 India Outbound Travelers Purpose of Visit to Canada
5.16.3 India Outbound Travelers Spending in Canada
5.17 Other Countries – India Outbound Travelers Visitation, Spending & Forecast
5.17.1 India Outbound Travelers Visitation to Other Countries
5.17.2 India Outbound Travelers Spending in Other Countries

Travel & Tourism Taiwan Industry Guide 2018-2024

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Taiwan will attract more than 12 Million international travelers and generated US$ 16 Billion revenues by 2024.
The report “Taiwan International Travelers Visitation, Spending Analysis 2012 – 2017 and Future Forecast 2018 – 2024” offers the most up-to-date industry data on the actual market situation and future outlook for Taiwan inbound tourism market. The report uses data and analysis to discuss future trends related to international travelers arrivals, spending, purpose of visits and main destination markets. The report provides clear insight into current and future tourism developments in the region. Furthermore, this report uses regional and country focused analysis to explore inbound tourist markets in Taiwan.
Browse full table of contents and data tables at : http://www.dpiresearch.com/report-details.php?P_ID=121
A detailed country-wise analysis of the market is provided, covering a total of 15 nations and 5 regions. The research study limelight growth drivers and investigates market inhibitors of Taiwan travel & tourism.
The countries included in this report are Hong Kong & Macao, Mainland China, Japan, Malaysia, Singapore, Philippines, Canada, United States, France, Germany, Netherlands, United Kingdom, Australia, New Zealand and South Africa
The regions included in this report are Asia, North America, Oceania, Europe and Africa
Key Findings:
• Mainland China is the largest source market for Taiwan tourism, but its share will
   decline in the forecast period
• Hong Kong and Macau will be leading source market with nearly 20% share by 2024
• International tourists most commonly travel to the Taiwan for pleasure purposes
 The Latest Industry Data Included in this Report:
• Total International Travelers in Taiwan & Forecast (2012 – 2024)
• Total International Travelers Spending in Taiwan & Forecast (2012 – 2024)
• Total International Travelers Spending Share & Forecast (2012 – 2024)
• By Region Travelers Spending Share & Forecast (2012 – 2024)
• 5 Region Travelers Visitation, Spending & Forecast (2012 – 2024)
• 5 Region Travelers Purpose of Visit & Forecast (2012 – 2024)
• 15 Countries Travelers Visitation & Forecast (2012 – 2024)
• 15 Countries Travelers Purpose of Visit & Forecast (2012 – 2024)
• 15 Countries Travelers Spending & Forecast (2012 – 2024)
• Identification of Key Drivers and Inhibitors of the Taiwan Travel & Tourism

ALIBABA PARTNERS WITH THAILAND ON DIGITAL TRADE, SMART TOURISM

Source: http://www.alizila.com/

Alibaba Group on Thursday signed an agreement with the government of Thailand to build a smart digital trading hub in the country, while also working to develop its capabilities in e-commerce, digital logistics, tourism and training.

In the wide-ranging agreement, Alibaba said it would work with Thailand on everything from boosting efficiencies in trade to educating Thai entrepreneurs and SMEs in digital commerce. The partnership will give Thailand access to technologies and processes that can help advance its economy, while Alibaba gains a stronger foothold in an important market in Southeast Asia.

The new “Smart Digital Hub,” which will be located in Thailand’s all-important Eastern Economic Corridor, will leverage technologies from Alibaba and its logistics platform, Cainiao Network, to streamline trade between Thailand and China and other markets, including digitizing the customs process. The EEC is a key part of government program, called “Thailand 4.0,” which is working to expand the economy beyond heavy industry and agriculture to technology and other innovations. The Smart Digital Hub is being described as a part of that effort.

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Meetings, Conventions, Incentives in Hawaii: Latest Meetings, Conventions, Incentives Industry Trends to Drive Popularity of Hawaii

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Hawaii Meetings, Conventions, Incentives (MCI) Tourism Market is likely to reach nearly USD 1.3 Billion by the year end of 2022.
Market growth can be attributed to factors such as Ideal Meetings Location, Unbeatable Event Spaces, Safety, Productive Atmosphere, Accommodations, International Accessibility, Enrichment Opportunities and Natural Wonders.
Browse full table of contents and data tables at : http://www.dpiresearch.com/report-details.php?P_ID=101
Japan, US West and US East MCI tourists play a significant role in contributing revenue to the Hawaii economy. Japan contributed more than 30% revenue followed by US East with more than 27% revenue in 2016. Japan is likely to maintain dominance in Hawaii MCI tourist’s revenue generator by the year end of 2022. US East and US West have shown its potential to become 2nd and 3rd major revenue generator countries by the year end of 2022. Other countries such as Other Asia, China and Canada emerge as the largest revenue generator in the Hawaii MCI Tourism Market.
The research report titled “Hawaii Meetings, Conventions, Incentives (MCI) Tourism Market Insights, Opportunity, Analysis, Growth Potential & Forecast 2017 – 2022” provides detailed information on the Hawaii MCI Tourism Market. This report analyzes market data and provides a better understanding of MCI travelers flows and revenue to Hawaii. Market outlook in value terms for the forecasted period for Hawaii MCI tourism market has been detailed in the report. This report also entails a detailed description of market drivers and inhibitors of the Hawaii MCI tourism market.
This 65 Pages report with 52 Figures and 4 Tables have been analyzed from 5 viewpoints:
Hawaii MCI Travelers, Revenue & Forecast (2013 – 2022)
Hawaii MCI Travelers, Revenue Share & Forecast (2013 – 2022)
Hawaii MCI Travelers, Revenue & Forecast – Top 12 Country Analysis (2013 – 2022)
Hawaii MCI Tourism Market – Market Drivers
Hawaii MCI Tourism Market – Inhibitors
Hawaii MCI Tourism Market – 12 Countries Covered
US West
US East
Japan
Canada
Australia
New Zealand
Other Asia
China
Korea
Taiwan
Europe
Latin America

India Outbound Tourism Market: Outbound Tourists, Purpose of Visit (Holiday, VFR (Visit Friends & Relatives), Business, Others) Tourists Spending and Forecast

Single User License

$900.00

India outbound tourism market is expected to exceed US$ 45 Billion by 2025.
 
“India Outbound Tourism Market Analysis 2012 – 2017 and Forecast 2018 – 2025” offers the most up-to-date industry data on the actual market situation and future outlook for India outbound tourism market. The report uses data and analysis to discuss potential lucrative opportunities and future trends related to India international travelers visitation, spending, purpose of visits and main destination markets. The report provides clear insight into current and future tourism developments of the India outbound tourism market. Furthermore, this report uses country focused analysis to explore India outbound tourism market.
A detailed country-wise analysis of the market is provided, covering a total of 16 nations. The research study limelight growth drivers and investigates market inhibitors of India outbound tourism market.
The countries included in this report are: 
Singapore, Thailand, United States, Hong Kong, Australia, China, Japan, Korea, New Zealand, Sri Lanka, Taiwan, Nepal, Cambodia, Mauritius, United Kingdom and Canada
Key Findings:
• India has become one of the fastest growing outbound travel markets in the world
• In 2017, there were more than 23 Million outbound tourist departures from India
• India ranks top in terms of number of visitor arrivals to Singapore and Thailand
• Indian travelers likely to become major spenders in the United States
The Latest Industry Data Included in this Report:
• India Outbound Tourism Market (2012 – 2025)
• India Outbound Travelers Visitation & Forecast (2012 – 2025)
• India Outbound Travelers Spending & Forecast (2012 – 2025)
• India Outbound Travelers Visitation Share & Forecast (2012 – 2025)
• India Outbound Travelers Spending Share & Forecast (2012 – 2025)
• 16 Countries Indian Travelers Visitation & Forecast (2012 – 2025)
• 16 Countries Indian Travelers Purpose of Visit & Forecast (2012 – 2025)
• 16 Countries IndianTravelers Spending & Forecast (2012 – 2025)
• Identification of Key Drivers and Inhibitors of the India Outbound Tourism Market

India pitching Buddhist tourism to woo more Japanese

Source: https://www.japantimes.co.jp/

India is heavily promoting Buddhist tourism in a bid to attract more tourists from countries with sizable Buddhist populations, including Japan, as part of a strategy to boost foreign tourist arrivals.

India is not only organizing an international Buddhist conclave every other year, but is also aggressively developing what it calls the Buddhist Circuit, which connects key places associated with the religion’s heritage, government officials say.

“We are receiving a minuscule number of Buddhist tourists. . . . just 0.005 percent of the total Buddhist population in the world despite being a key pilgrimage destination for millions of practicing Buddhists around the world,” Suman Billa, the Indian ministry of tourism’s joint secretary, recently told journalists in New Delhi.

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