1、For updated information,please visit www.ibef.orgNovember 2025TOURISM&HOSPITALITY2Executive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies15Growth Drivers21Opportunities 34Key Industry Contacts37Appendix39Table of Contents3Executive summary4165323.Creating employmentTourism s
2、upported 46.5 million jobs in 2024(9.1%of Indias employment),expected to exceed 48 million in 2025 and reach nearly 64 million by 2035.Ranking 39th in the global Travel and Tourism Development Index(TTDI)in 2024,the tourism and hospitality sector is one of the largest service sectors and serves as a
3、 pillar for employment generation.2.Lighthouse&Cruise TourismThe Central Government is promotinglighthouse tourism under Maritime IndiaVision 2030 and Amrit Kaal Vision 2047,investing Rs.60 crore(US$7 million)todevelop75lighthouseswithmodernamenitiessuchasmuseums,amphitheaters,andparks,blendingherit
4、age with recreation.1.Contribution to GDP above world averageIndias Travel&Tourism GDP reached Rs.20.9trillion(US$249.3 billion)in 2024,up 20%from 2019and accounting for 6.6%of GDP.WTTC projects it torise to Rs.22.5 trillion(US$268.7 billion)in 2025 andnearly double to Rs.41.9 trillion(US$501.1 bill
5、ion)by 2035,contributing 10.9%to GDP.In India,the industrys direct contribution to the GDPis expected to record an annual growth rate of 7-9%between 2019 and 2030.As per provisional National Accounts Statistics 2025estimates,the tourism sector contributed Rs.15.73lakh crore(US$177.4 billion)to India
6、s GDP.Thisreflects the sectors strong economic role in India.5.New policy rollout planGST reduction on hotel stays under Rs.7,500(US$84.6)to 5%is expected to fuel growth inthe hospitality sector,boosting domestic traveland helping India move towards a US$1 trillionhotel industry contribution to GDP