EXPORT IMPORT PROCEDURES AND DOCUMENTATION

IMPACT OF TERRORISM ON INDIAN TOURISM AND HOSPITALITY

INDUSTRY.

INDIAN TOURISM AND HOSPITALITY INDUSTRY

TYPES OF TOURISM

• Adventure tourism• Wildlife tourism• Medical tourism • Pilgrimage tourism• Eco tourism• Cultural and heritage tourism

STRENGTHS OF THE INDIAN TOURISM AND HOSPITALITY INDUSTRY.

• Natural and cultural diversity.• Demand-supply gap.• Government support.• Increase in the market share.

WEAKNESSES

• Poor support of infrastructure.• Slow implementation.• Susceptible to political events.

OPPORTUNITIES

• Rising income.• Open sky benefits.

THREATS

• Fluctuations in international tourist arrivals.• Increasing competition.

TOURISM BEFORE TERRORISM• Conde Nast Traveller, ranked India as the number one travel destination in 2007.• Double-digit growth in foreign tourist arrivals in the fifth consecutive year.• 25.6% growth in foreign exchange earnings (during January-October 2007 it was

US$ 6.32 billion as against US$ 5.03 billion during January-October 2006).• Contributes to around 5.9% of GDP and providing employment to about 41.8

million people.• A major hub for medical tourism with a revenue of US$ 333 million in 2007.• The boom in tourism industry has had a cascading effect on Indian hospitality

sector in respect with occupancy ratio and average room rates.• Increase in FDI inflows from April 2000 to November 2007 (US$ 636 million).

TERROR STRIKES MUMBAI

TOURISM AFTER TERRORISM

• Foreign tourist arrivals growth tapered.• Average room rates (ARRs) and occupancy levels to see huge

correction.• Shortage of premium segment room supply in South

Mumbai.• India among the top 20 unsafe countries to visit.• 3000 Crores loss for tourism industry.• 20% cancellations in hotels.• Mumbai, Goa, Rajasthan, Kerela among the most affected.• ‘wait and watch’ policy being used by tourists.• Affected even avaiation industry.

INITIATIVES TO IMPROVE TOURISM

• 3 day Pravasi Bhartiya Divas.• Abolition of 12.5% service tax on tour

packages.• Reduction in development charges.• 4% uniform luxury tax across the country.• Re-opening of Hotel Taj and Trident on

Christmas day.• Hotel room rates slashed by 20%.

BIBLIOGRAPHY

• Wikipedia.com• Dpncindia.com• Naukrihub.com• Timesofindia.com