Slow growth of Foreign Tourist Arrivals in 2013: ICRA
Updated: Jan 28, 2014 02:50:52pm
New Delhi, Jan 28 (KNN) Despite pickup in demand during third quarter, foreign tourist arrivals (FTA) to India were slow during 2013, growing by 4.1 per cent as compared to the 4.3 per cent growth in the previous year.
During the same period, Foreign Exchange Earnings (FEE in USD) grew by a weak 2.2 per cent, said a survey report from ICRA Limited (formerly investment information and credit rating agency of India).
On the other hand, domestic tourist visits (DTVs) have been growing at a robust pace during the last two years posting a growth of 16-20 per cent per annum.
Further, according to data from the International Air Transport Association (IATA), Indian revenue passenger kilometre (RPK), a measure of domestic air travel, has witnessed a growth during the ending November 2013 of 4.2 per cent, the report said.
All these factors point to a pickup in demand on the domestic front.
However, Asia Pacific region continues to be dragged by the Indian markets.
The Asia-Pacific region has largely flat occupancies of 68.0 per cent and 4.1 per cent decline in ARRs to USD 122.5, leading to a 4.1 per cent in revenue per available room to USD 83.3. (KNN/ST)
During the same period, Foreign Exchange Earnings (FEE in USD) grew by a weak 2.2 per cent, said a survey report from ICRA Limited (formerly investment information and credit rating agency of India).
On the other hand, domestic tourist visits (DTVs) have been growing at a robust pace during the last two years posting a growth of 16-20 per cent per annum.
Further, according to data from the International Air Transport Association (IATA), Indian revenue passenger kilometre (RPK), a measure of domestic air travel, has witnessed a growth during the ending November 2013 of 4.2 per cent, the report said.
All these factors point to a pickup in demand on the domestic front.
However, Asia Pacific region continues to be dragged by the Indian markets.
The Asia-Pacific region has largely flat occupancies of 68.0 per cent and 4.1 per cent decline in ARRs to USD 122.5, leading to a 4.1 per cent in revenue per available room to USD 83.3. (KNN/ST)
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