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India Tourism Report Q1 2012
Business Monitor International, Nov 2011, Pages: 74
Business Monitor International's India Tourism Report provides industry professionals and strategists, corporate analysts, tourism associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on India's tourism industry.
Tourist Arrivals Remain Strong In 9M11 Data released by the Indian Ministry of Tourism in October 2011 showed that tourist arrivals maintained strong growth throughout the first nine months of the year, despite slowdowns being seen in other countries in the region. In September 2011, arrivals totalled 401,000, representing growth of 8.7% yearon- year (y-o-y). In total, arrivals between January and September reached 4.4mn, or growth of 10%, in line with H111growth.
India’s strong Q1-Q3 2011 growth suggests it is well placed to ride out the mounting concern about the global economic slowdown, which is likely to weigh on arrivals from North America and Europe. India is heading into its high season around the Christmas period, which should last into February 2012. By that time, the global economic direction will have become clearer, allowing BMI to reassess its 2012 forecast if necessary.
Focus On Jammu And Kashmir
The northern state of Jammu and Kashmir is famous for its stunning mountainous landscapes and the fertile Kashmir Valley. The state offers a wide range of tourist activities, from skiing and mountaineering to a lazy cruise on one of Kashmir’s riverboats. While some parts of the state require special permits for foreign visitors due to the longstanding territorial dispute with Pakistan, this does not generally pose problems for tourists. The state has long been a location for domestic tourism and has become increasingly popular with foreign tourists in recent years as the risk of unrest has decreased. Tourist visits look set to continue rising, although renewed unrest would likely weigh on medium-term prospects.
Government Plans New Bailout For Air India
The government is considering another bailout package by the end of 2011 for Air India. This appears set to comprise three main strands: a cash injection of up to INR5.2bn, the government underwriting Air India’s debt and cuts to the planned procurement programme for 27 Boeing Dreamliner 737s, the first of which are due to arrive by the end of 2011. The new aircraft are intended to help Air India overcome its financial troubles by expanding its international market but the government is questioning whether it can afford the outlay.
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