X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Tourist arrivals and earnings looking up - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Apr 20, 2000

    Tourist arrivals and earnings looking up

    Tourist arrivals have reported a growth of 4.3% YoY for FY2000 to 2.5 m tourists from 2.4 m tourists reported in FY99. Infact in FY99 tourist arrivals had registered a decline of 1.1% over the previous years figures. For most of FY2000 tourist arrivals were up except for the months of April'99 where it declined by 4.9% YoY and for the month of December'99 where it declined by 0.9% YoY.

    The main reasons for this decline in the month of April'99 can be attributed to the fact that the BJP government lost the vote of confidence and the Lok Sabha was dissolved. Even in the month of May'99 tourist arrivals grew by only 1.7% YoY, hence the political uncertainty kept tourists away from India. However the Kargil conflict which last from end May'99 to mid July'99 did not affect the growth in tourist arrivals during the months of June'99 and July'99 which registered a robust growth of 8%. In the month of December'99 the fall was primarily due to the fact that many foreign tourists cancelled their travel plans due to the Y2K fears.

    Month wise growth arrivals
      FY99   FY2000 % change
    Apr-98 174,204 Apr-99 165,627 -4.9%
    May-98 137,868 May-99 140,168 1.7%
    Jun-98 140,810 Jun-99 153,225 8.8%
    Jul-98 175,322 Jul-99 189,045 7.8%
    Aug-98 173,095 Aug-99 184,808 6.8%
    Sep-98 160,369 Sep-99 169,200 5.5%
    Oct-98 203,903 Oct-99 219,442 7.6%
    Nov-98 239,919 Nov-99 260,752 8.7%
    Dec-98 269,810 Dec-99 267,424 -0.9%
    Jan-99 253,125 Jan-00 266,972 5.5%
    Feb-99 241,881 Feb-00 254,721 5.3%
    Mar-99 227,151 Mar-00 229,881 1.2%
    Total arrivals 2,397,457   2,501,265  

    The overall better growth in FY2000 can be attributed to an improved economic scenario, stable political environment and the depreciation in the Indian currency vis--vis other currencies. This improved performance in tourist arrivals is expected to continue as the business travel sector is expected to get a boost in the next few years. This is due to the government's efforts to increase foreign direct investment in the sectors like infrastructure, power, insurance.

    In terms of tourist earnings too the scenario showed an improvement in FY2000 over the previous year. In FY2000 earnings for tourist arrivals registered an increase of 4.7% to US$ 2,960 m from US$ 2,826 m in FY99. This increase was a combination of both increase in per capita tourist expenditure and higher tourist arrivals reported during the year.

     

     

    Equitymaster requests your view! Post a comment on "Tourist arrivals and earnings looking up". Click here!

      
     

    More Views on News

    Indian Hotels: Domestic Operations Performs Well (Quarterly Results Update - Detailed)

    Oct 17, 2016

    Indian Hotels has reported a 5.6% YoY increase in the consolidated topline and a consolidated loss of Rs 1,695 m for 1QFY17.

    Indian Hotels: Recovery Still Far Away (Quarterly Results Update - Detailed)

    Mar 28, 2016

    Indian Hotels has reported a 13.2% YoY increase in the consolidated topline and a standalone net profit of Rs 1.2 m for the quarter ended December 2015.

    Indian Hotels: A good operating performance (Quarterly Results Update - Detailed)

    Nov 24, 2015

    Indian Hotels has reported a 13.2% YoY increase in the standalone topline and a standalone net profit of Rs 1.2 m for the quarter ended September 2015.

    Indian Hotels: Exceptional gain boosts bottomline (Quarterly Results Update - Detailed)

    Aug 28, 2015

    Indian Hotels has reported a 10.2% YoY increase in the consolidated topline and a consolidated net profit of Rs 348 m for the quarter ended June 2015.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    COMPARE COMPANY

    MARKET STATS