The Indian travel market to generate $48 billion by 2020: Incredible India 2.O

The Internet & Mobile Association of India (IAMAI), today organized ‘Incredible 2.O’ – the Next Trillion Dollar Opportunity. Speaking at the inaugural session, Deep Kalra, Chairman & Group CEO – makemytrip.com and Vice-Chairman of IAMAI said, “Online tourism industry is evolving at a faster pace as compared to previous years. With the growth of tourist inflow, the industry has become one of the main sectors to increase in manifolds growth vis – a – vis other sectors. With evolution of tech enabled start ups and newer concepts like staycation, adventure tourism, ecotourism, medical tourism and pilgrimage tourism across the country the industry is at the cusp of potential growth. As more and more people come online, smartphone penetration increases, technological disruptions and use of digital payments has actually changed the dynamics of the industry at large.  At present this industry is standing at 2.O knocking the 3.O for the next level to kick off”.

A comprehensive platform to domestic online companies and professionals from across the travel, tourism and hospitality industry along with National and State Tourism Boards to congregate and conduct business, arrive at solution-driven innovations to counteract economic uncertainties, and promote inbound, outbound and domestic tourism in India.

Incredible India 2.O is a premium platform in the country, where one can find all the segments that make up the travel industry. A place where the entire tourism fraternity comes under one umbrella and a lot of actual business happens. Also through this event, newer and unknown destinations have been emphasized which is very important for tourism to grow. Not only it gives exposures to established players, but also it offers a plethora of opportunities to new entrants in the travel and tourism industry. It is a great networking platform where participants generate a lot of business leads.

Technology and digital can help achieve the target. Digital is already playing a major role in the sector with domestic air ticket and railways booking continue to be among top contributors to the Online Travel spends. Online Hotel booking has seen a substantial y-o-y growth of 60%. The Ministry’s vision can be fast tracked with the help of technology. However, for that to happen, the government must lower the tax burden, ease rules and build infrastructure if it wants to ensure 15-20 percent annual growth in tourism in coming years. Issues pertaining to GST, opening up of the shared economy and facilitating the adoption of new tech could herald the next trillion opportunities for the sector. This conference will chart the roadmap on how tech can be used to maximize the potential of this sector. The discussions are expected to set a series of recommendations on policies and innovative measures that India needs to implement to develop a competitive and sustainable tourism sector making it a major contributor to strategies aimed towards an inclusive and sustainable growth.

About author

TnH Global
TnH Global 4007 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Latest

Carlson Rezidor hotel group signs seven hotels in Jammu and Kashmir in a multiple-property deal comprising 817 rooms

The deal with Mushtaq Group of Hotels involves 817 rooms under the Radisson Blu, Radisson and Country Inns & Suites brands. Carlson Rezidor Hotel Group, one of the world’s largest

Trending

AirAsia India looks at IPO, to appoint banker soon

AirAsia India will appoint a banker and look at floating an IPO soon, says promoter Tony Fernandes Loss-making AirAsia India will appoint a banker and look at floating an initial

Trending

Soon record your feedback on tablets about meals on premium trains

According to a senior railways official, passenger travelling on premium trains will soon be able to rate the meals served on a tablet. The categories will be ‘good, bad or

Latest

VFS Global launches new centre on behalf of Cyprus in Goa

VFS Global now accepts visa applications on behalf of Cyprus at their new centre in Panjim, Goa. Residents of Goa planning a visit to Cyprus can now apply for their

Destinations

Holidaying by the water in Monaco

The Principality of Monaco symbolises fine living and art of welcoming visitors. This second tiniest country located in south of France is a playground for the rich and famous. Home to F1 Grand

Aviation

Air India site renames Taiwan as Chinese Taipei

The Chinese government recently ‘approved’ the move by Air India to use the name ‘Chinese Taipei’ instead of ‘Taiwan’ on its website. “Air India is respecting the basic fact that there is

Trending

980 flights in 24 hours: Mumbai airport breaks own record

Mumbai airport, the busiest single-runway airport in the world, broke its own record when it handled 980 arrivals and landings in 24 hours on January 20. “Before this, on December

Destinations

Istanbul Ataturk airport attack: 41 dead and 239 injured in ‘hideous’ suicide bombings in Turkey

Three suicide bombers strike Istanbul Ataturk airport Around 41 people killed and 230 wounded Turkey PM says Islamic State most likely suspects Third busiest airport in Europe, high security location

Latest

AirAsia India carries 1.46m passengers in first full year

In its first full year of operations, AirAsia India carried a total of 1.46 million passengers on more than 10,000 flights. Releasing its full-year results for 2015, the low-cost carrier

Cruise

Mumbai to Bali cruise service soon: Nitin Gadkari

Union Road Transport and Highways Minister Nitin Gadkari recently said that his ministry was working on a cruise route from Mumbai to Bali in Indonesia, via Kochin and the Andaman

SilkAir announces New Year special fares

SilkAir, the regional wing of Singapore Airlines, has announced its special 2017 New Year fares. Travellers can make the most out of the low fares by making a booking before

Slider

DistancesBetween.com wins People’s Choice Award at FICCI Travel Tech Launchpad 2017

The audience voted for the DistancesBetween pitch as the best among 20 start-ups selected for the final round. DistancesBetween.com, India’s first AI based multimodal door-to-door trip planning platform, recently won

0 Comments

No Comments Yet!

You can be first to comment this post!