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India’s travel industry to expand 5-6% in 2010: ITQ

India’s travel industry to expand 5-6% in 2010: ITQ
PTI
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First Published: Fri, Feb 19 2010. 04 26 PM IST
Updated: Fri, Feb 19 2010. 04 26 PM IST
New Delhi: India’s travel industry is expected to expand at 5-6% in 2010, a little higher than the expected global average of 4.5%, InterGlobe Technology Quotient, a leading global travel and technology distribution company said.
“We expect a steady growth of close to 5-6% for the travel industry of India. A bit above the expected global average of 4.5%,” ITQ CEO J B Singh said.
The Common Wealth Games in October would drive travel volumes both, inbound and intra India and also strengthen India’s image as a travel destination, he said.
Singh said that 2009 was a year of many changes in the travel economy for India as overall global markets went down by as much as 15% due to the economic downturn.
Foreign Tourist Arrivals (FTAs) in January were estimated 4.91 lakh, an increase of 16.4% over the year ago period. Overseas arrivals had contracted by 17.6% in January 2009 compared to the same month last year.
Singh said adoption of technology is an important factor which can also aid in growth of the Indian travel business.
“In 2010 alternate booking solutions via new technologies like mCommerce and taking the travel agent online will have a great impact,” he said.
Singh said the enhanced capacity with aircraft induction as well as re-configuring of aircraft to full economy would provide greater production in the domestic space. The growth in budget hotels in the organised sector would be another stimulant for the travel industry, Singh said.
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First Published: Fri, Feb 19 2010. 04 26 PM IST