Travel and tourism has now become an affordable luxury. The reasons for such a buoyant rise are many, from disposable income of the middle class to healthy senior citizens opting to travel and also a high adrenaline travelers. It can be safely said that finally the industry has come of an age.
As domestic airline companies are charting newer destinations globally . Companies with innovative ideas along with harnessing on the power of the Internet and hotels extending services to every segment of travelers. has set this industry on a roll as per a TOI report.
"We are seeing an unprecedented rise in the number of travelers. As an airline, we are keen on building this wave further , with 75 international and domestic destinations and more expected in the future ; we are looking forward to provide the required air infrastructure," explains Gilbert George, Senior General Manager, India Sales, Jet Airways.
There is a significant rise in the online travel market leading to several openings and creating huge opportunities for different companies. "There is a growing breed of travelers who prefer to avail online facilities at the 'click of a mouse' , including airline, train, car bookings and hotel bookings, " says Deep Kalra, founder and CEO, makemytrip .com
The tourism industry in India looks optimistic and there is a huge scope for innovation. "In the cyberspace 'innovation' , will be the mantra for a long-term survival for various players," avers Abhay Rangnekar, CEO, Quest2Travel. Internet tends to make things transparent. "Eventually the process will become more competitive unless you evolve. Though from all prospects it seems to be good for the end user," adds Rangnekar.
Similarly, in the hotel industry, a traveler is spoiled for choices as far as the quality of services and amenities are concerned. In fact, hotels are now trying to test the waters in tier II cities as well. "The hotel industry is bound to grow four times in the next 10 years at the compounded growth of 10 per cent. By 2025 growth is expected to be $4 trillion; recreation would be 3-3 .5 per cent of the GDP at $120-140 billion, which is about fourfive times the current size," says Patu Keswani,CEO, Lemon Tree The growth of the middle class, the mid-market and budget hotels would grow.
Additionally, the hotel industry is promoting green initiative with new formats . Major brands and hotel chains are increasingly keen on being associated with eco-friendly practices. "The travel industry provides job opportunities for the locals as well. Our historical and spiritual past are the strongest drivers in the travel industry," says Jose Dominic , MD, CGH Earth.
The Government of India has realized the true potential of the tourism industry and it is promoting to a great extent. "The government run campaign such as 'Incredible India' and the various individual campaigns run by the state governments have created greater awareness about the tourist destinations in India ," adds George.
(You need to login first to read complete news). New User? Register for FREE!
» Back to Travel News