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Tourist arrivals and earnings looking up - Views on News from Equitymaster
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  • 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.



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