Press Release / Lifestyle / US Europe Spain Debt Crisis Blow to Indian Tourism
US Europe Spain Debt Crisis Blow to Indian Tourism
By Raj Choudhary on June 12 2013 | 434 Views
There is an expectation, if we take into consideration the current debt crises in US and Europe, that it may impact the Indian Tourism industry in negative terms.
There is an expectation, if we take into consideration the current debt crises in US and Europe, that it may impact the Indian Tourism industry in negative terms. Indeed, the ongoing crises could impact negatively the inbound tourism in the Indian context. It includes hoteliers and travel companies of India, which are responding with caution, however, at this stage.
Like in the year 2008, there is definitely going to be an impact, in negative terms, on inbound tourism in the current year 2011. The process may run to the next year. In fact, this has been confirmed by one of the major travel agents running their business at global level, Kuoni Travels. In terms of statistics, we are expecting nearly 5-8 per cent dip in total inbound tourists.
As far as loss is concerned, it is not coming only from European nations but the Asian countries as well including Vietnam, Korea, Philippines, and Russia. The list also includes some countries from the Middle East.
In usual phenomena, foreign tourists visit India during the autumn and winter seasons. However, in wake of S&P downgrading the US’s credit rating, it will impact the tourism in negative terms. Hence, it is inevitable that business travel is likely to be affected in negative terms. Moreover, in wake of global uncertainties, it is bound to escalate further in negative terms especially for the Indian Tourism.
In the current scenario, there have been instances when inbound tourists are less preferred against the domestic tourists. Taking into consideration the year 2010, there are 55.83 lakh foreign tourists who visited India on a growth of 8.1 per cent compared to 2009. Worrisome part is the foreign tourist arrivals (FTAs) plunging down taking into consideration the data of January-July, 2011 at 34.17 lakh compared to 30.85 lakh in the same period of 2010. Be it Delhi tour or any other tour, the situation may get affected in negative terms as far as Indian tourism is concerned.
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