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Tourism sector unaffected by fears of economic slowdown

Tourism sector unaffected by fears of economic slowdown
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First Published: Fri, Oct 10 2008. 02 41 PM IST
Updated: Fri, Oct 10 2008. 02 41 PM IST
PTI
New Delhi: Fears of an economic slowdown have had no impact on the tourism sector in India which remains a high spending destination for foreign travellers.
The foreign tourist arrivals have touched 3.87 millions by September this year, which is an increase of 10.4% over corresponding period of previous year.
While the percentage increase in foreign tourist arrivals of 2007 over 2006 for the month of September was 1.3%, the increase in 2008 has been as high of 9.6%.
India’s foreign exchange earnings in tourism sector have touched Rs36,464 crores by September, which is a 17.8% increase over previous year while the increase in 2007 over 2006 for the same period was 13.7%.
Interestingly in September 2007, there was a negative growth of foreign exchange earnings over 2006. However, the trend has been reversed and there has been 21.2% increase in forex earnings.
India continues to be a long duration and high spending destination for foreign travellers.
According to the UN World Tourism statistics, forex earnings per foreign traveller coming to India has been $2,112 in 2007, which is more than twice the foreign exchange of $948 earned per foreign traveller worldwide, as well as Asia Pacific’s $1,027.
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First Published: Fri, Oct 10 2008. 02 41 PM IST