Visa Inc., a digital payments player, and professional services firm EY produced a report titled “Charting the Course for India: Tourism Megatrends Unpacked”.
This report took a long-term view of India’s tourism industry, beyond the pandemic’s impact, and identified megatrends expected to shape the sector over the next decade.
Consequently, it highlights that India’s tourism industry is on track to reach $1 trillion by 2047, with data-led tourism being a key driver of growth.
Moreover, it showed that international tourists in India spend 26 times more than domestic tourists; hence, attracting global visitors is key.
Sandeep Ghosh, Group Country Manager for India and South Asia at Visa, said, “The projected growth of India’s tourism industry to reach $1 trillion by 2047 is an exciting opportunity for the country. By aggregating and utilizing data from various stakeholders, such as payment service providers and private tour operators, we can help create a more resilient and sustainable tourism ecosystem for India”.
The report demonstrates that a robust future for India’s tourism industry is possible through data-driven insights
Source Link: economictimes.indiatimes.com
@Sandeep Ghosh EY
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