India's Tourism Sector on Rise: Projected to Reach $23.72 Billion by 2024

India's Tourism Sector on Rise: Projected to Reach $23.72 Billion by 2024

By Nishang Narayan

Published on April 17, 2024

India's travel and tourism sector is poised for substantial growth, with projected revenues expected to reach USD 23.72 billion by 2024. This forecast by the India Brand Equity Foundation (IBEF) indicates a robust annual growth rate of 9.62% leading into 2028, where the market volume could soar to USD 34.25 billion. These projections are supported by favorable government policies, including a 100% Foreign Direct Investment (FDI) allowance in tourism-related ventures announced in 2023.

The total FDI inflows for the fiscal year 2023-2024 stood at USD 17.96 billion, with USD 11.54 billion attributed specifically to FDI equity, highlighting the sector's vital role in India’s economic expansion and job creation strategies. Prime Minister Narendra Modi has emphasized that efforts in the tourism sector aim not only at economic growth but also at preserving India’s rich cultural heritage while creating world-class infrastructure.

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The sector's growth is further catalyzed by various government initiatives, such as the launching of 52 tourism projects under the Swadesh Darshan and PRASHAD schemes. These projects, valued at over Rs 1400 crores, are designed to enhance tourism infrastructure across pilgrimage and heritage sites, as well as recreational facilities. This aligns with global trends promoting sustainable and eco-friendly travel options, appealing to a broader international audience.

India’s tourism industry is also set to significantly contribute to the GDP, with projections suggesting a potential contribution of USD 250 billion by 2030. This growth is expected to generate employment for 137 million people, showcasing the industry's role as a major employment driver.

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Additional governmental campaigns like 'Dekho Apna Desh People's Choice 2024' and 'Chalo India Global Diaspora Campaign' aim to engage citizens and the Indian diaspora in tourism promotion, enhancing India’s global image as a rich cultural and tourist destination.

With strategic investments, innovative marketing campaigns, and a focus on sustainable tourism, India is well-positioned to become a leading destination in the global tourism landscape. This not only underscores the country’s commitment to economic diversification but also highlights the potential for significant social and economic benefits stemming from the sector.


India, Kuwait Sign Air Pact to Boost Flights and Cut Fares

India, Kuwait Sign Air Pact to Boost Flights and Cut Fares

By Nishang Narayan

Published on July 17, 2025

India and Kuwait have signed a landmark agreement to liberalise their bilateral air services, raising weekly seat entitlements to 18,000 for carriers on each side—a significant jump that comes 18 years after the last increase. The agreement, aimed at addressing rising demand from Indian workers in the Gulf and reducing ticket prices, was formalised yesterday in New Delhi. It was signed by India’s Civil Aviation Secretary Samir Kumar Sinha and Sheikh Hamoud Al-Mubarak, President of Kuwait’s Directorate General of Civil Aviation.

This move follows sustained calls to enhance flight capacity, as airlines from both countries had already maxed out the previous quota of 12,000 seats per week. With a large share of Indian workers in Kuwait and many hailing from Kerala, limited capacity often resulted in skyrocketing fares, particularly during peak travel periods.

The issue was also discussed during Prime Minister Narendra Modi’s visit to Kuwait in December, underscoring its importance. Under the new agreement, Indian airlines will receive priority for landing and parking slots at Kuwaiti airports, ensuring better operational flexibility.

Currently, carriers like Air India Express, IndiGo, Akasa Air, Kuwait Airways, and Jazeera Airways operate nearly 40 flights daily between India and Kuwait. Kuwait Airways and IndiGo are the largest operators, with 54 and 36 weekly flights respectively.

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The pact signals a calibrated shift in India’s traditionally guarded stance on granting additional flying rights, especially to Middle Eastern carriers. While the government remains committed to an "India-first" policy that safeguards local airlines and seeks to develop airports into regional hubs akin to Dubai or Changi, officials noted they would consider expanding access on a case-by-case basis if it benefits passengers and supports domestic carriers.

In fact, in just the past year, India has signed similar air treaties with Thailand, Vietnam, Indonesia, and Uzbekistan. As per India’s National Civil Aviation Policy of 2016, additional rights aren’t typically granted until Indian carriers utilise at least 80% of existing capacity.

A government official said, “We will follow an India-first policy on any negotiation about air service agreements. We will be open to any suggestions wherever customers will benefit and our airlines will get a good deal.”

The Ministry of External Affairs also informed a parliamentary committee that ongoing dialogues with various Gulf nations aim to enhance connectivity, ultimately bringing down the cost of tickets for millions of Indians travelling to the region.

This latest agreement with Kuwait stands as a crucial step toward balancing growing passenger needs, affordable travel, and the protection of Indian aviation interests.


Thailand Delays Tourist Entry Fee Until 2026 Amid Slowdown

Thailand Delays Tourist Entry Fee Until 2026 Amid Slowdown

By Nishang Narayan

Published on July 17, 2025

Thailand has officially delayed the rollout of its planned entry fee for international tourists to mid-2026, citing weaker-than-expected arrivals and broader economic challenges. Initially slated for 2025, the fee—known locally as the "kha yeap pan din" or “stepping onto Thai soil” charge—was aimed at bolstering travel insurance coverage for visitors and financing tourism infrastructure improvements.

Approved by Thailand’s Cabinet back in February 2023, the plan would have seen air travelers paying 300 baht (approximately €7.50), while those entering by land or sea would have been charged 150 baht (about €3.75). However, Thailand’s Assistant Tourism Minister Chakrapol Tangsutthitham recently confirmed that implementation has been pushed back in light of current market conditions. “We are delaying implementation until tourism demand rebounds,” he said, according to Euro News.

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As of early July 2025, Thailand has welcomed nearly 17 million tourists—about 5% lower than the same period last year. This slowdown has heightened concerns in a country where tourism contributes roughly 20% of GDP. Economists point to a mix of factors, including a sluggish economic recovery in key markets like China, a stronger Thai baht, and the rising cost of global air travel. Additionally, looming U.S. tariffs on Thai exports could add further strain to the region’s economic outlook, indirectly affecting outbound tourism from impacted countries.

When eventually introduced, the entry fee is expected to directly fund improvements such as traveler insurance schemes and critical infrastructure upgrades, enhancing both safety and the overall visitor experience.

Despite the deferment, Thailand continues to focus on attracting travelers by strengthening its core offerings and simplifying arrival procedures. Earlier this year, authorities rolled out a digital entry platform to replace traditional paper-based forms, aimed at improving data collection and speeding up border formalities.

While the fee may be on hold, Thailand’s commitment to evolving its tourism landscape remains firm—setting the stage for a stronger, more resilient sector once global travel fully regains momentum.


Skyrider Gaming Arena Opens 15,000 sq.ft. Mega Entertainment Zone at Reach 3Roads, Gurugram

Skyrider Gaming Arena Opens 15,000 sq.ft. Mega Entertainment Zone at Reach 3Roads, Gurugram

By Nishang Narayan

Published on July 15, 2025

Reach 3Roads, Gurugram’s buzzing open-air lifestyle destination, has just raised the bar for entertainment with the launch of Skyrider Gaming Arena — a massive 15,000 sq.ft. haven for gamers, families, and thrill-seekers. With everything from bowling and archery to cutting-edge VR rides like Magic UFO and Fighter Aircraft, plus classics like air hockey and Dance Central 3, Skyrider promises non-stop excitement under one roof.

At its grand opening, the arena drew huge crowds who dived into immersive VR zones, tested their skills on sniping and boxing simulators, and battled it out on multiplayer arcade games. Whether it’s Jurassic Park adventures or the fast reflex fun of Crazy Basketball and Tap 2 Win, Skyrider blends nostalgia and modern tech to create a vibrant playground for all ages.

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"We are absolutely thrilled to welcome Skyrider Gaming Arena to Reach 3Roads. This exciting addition aligns perfectly with our vision of creating experiences that are vibrant, inclusive, and memorable," shared Ms. Nandini Taneja, Regional Director - Leasing, Reach Group. She highlighted how Skyrider adds a fresh burst of energy, offering Gurugram’s young crowd yet another reason to gather, play, and unwind.

Mrs Prerna Das, Founder & CEO of Skyrider Gaming Arena, added, "Launching at Reach 3Roads is a pivotal moment for us. The diverse footfall here makes it the ideal spot to introduce our immersive gaming concept. From VR to arcade classics, we’ve curated an experience that ensures everyone finds something they love. We’re excited to see Skyrider become Gurugram’s favourite hangout."

Nestled in Sector 70, Reach 3Roads is already known for blending retail, dining, wellness, and entertainment seamlessly. With Skyrider Gaming Arena now on board, every visit promises to be a memorable high-energy game night, cementing Reach 3Roads’ reputation as Gurugram’s ultimate lifestyle hub.

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