Tourism Ministry News
India’s outbound tourist spending to reach $18.82 billion this year, with emergence of new destinations: FICCI-Nangia
Outward foreign exchange remittances have increased to an average of $1.42 billion per month in 2023-24, up from $400 million in 2018-19. Overseas tourist spending is likely to hit $55 billion in 2034.
2 min read31 Jul 2024Tourism sector needs major revival, ’Incredible India 3.0’, but receives no discernable benefits in Budget
India has increased its budget for international marketing campaigns under the ’Incredible India’ initiative to ₹33 crore, up from ₹3 crore proposed earlier. However, this amount is only a sixth of the ₹177 crore allocated for domestic tourism marketing.
5 min read23 Jul 2024Travel firms, hotels see a demand surge on pilgrimage circuit
Pilgrimage travel in India is thriving with a surge in demand for destinations like Ayodhya, Varanasi, and Char Dham circuit. Thomas Cook reports a 100% increase in bookings, while Sarovar Hotels sees significant revenue contribution from religious locations like Badrinath, Haridwar, and Tirupati.
5 min read26 May 2024India slips 10 spots since 2019 on WEF’s travel & tourism ranking despite growth
Among the world’s top 10 economies, India’s slide down the rankings was the sharpest, followed by the UK, which fell 3 places since 2019 to occupy the seventh spot. The US retained its top position, while China, the world’s second-largest economy, moved a notch higher to 8 in the global rankings.
7 min read21 May 2024Persian Gulf States Boom With Billionaires, Beyoncé and Bling
Oil-rich Gulf countries have become a magnet for global wealth, and they’re trying new strategies to keep the good times rolling
8 min read19 May 2023International tourism doubles in first quarter of 2023, reaching pre-pandemic levels
United Nations’ World Tourism Organization(UNWTO) data suggests that Middle East leads tourism recovery, surpassing pre-pandemic figures.
2 min read15 May 2023India’s tourism industry will need significant investments: Kishan Reddy
In an interview, the tourism minister highlighted the need for public-private partnerships to make India’s tourism economy a formidable force
4 min read27 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared