evolution of travel business
Answers
Answer:
Here is the answer for evolution of travel business
evolution of travel business
The continuous evolution of information technology has revolutionised the way people travel with traveller personalisation scaling new heights. The emergence of online travel agencies and mobile travel apps has been the game changer in the travel industry. Besides, simple visa reforms, ease of getting passport, dip in flight fares, etc. have given a boost to the global travel industry.
India too has an excellent opportunity to benefit from visa reforms and infrastructure improvements under the new government. In a recent interview, David Scowsill, president and chief executive of the World Travel and Tourism Council (WTTC), said that India’s projected tourism growth was the highest for any major economy.
Investment in the travel and tourism sector in India is likely to increase by 9.3% in 2015 over 2014 when the sector accounted for ₹2.11 trillion, or 6.2% of total investments. It should rise by 6.5% per annum over the next 10 years to ₹4,337.8 billion in 2025 or 6.9% of the total. The travel and tourism sector also has the potential to contribute 46 million jobs to the Indian economy by 2025.