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
| Total arrivals
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-à-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.
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