TravTalk India June

Page 1

A DDP PUBLICATION

` 50/-

Pages: 48

ddppl.com

travtalkindia.com

Vol. XXIV No. 11; June 1 st fortnight issue 2012

Sliding `: Industry worried

New ADG

Representative associations of the inbound, domestic and outbound segments are concerned about the direct and indirect fall out of the steep downslide in value of Rupee. finds out more… VIVEK SETHI

T

he partially convertible Indian rupee fell below the key psychological level to hit a new record low and is hitting a life-time low. It’s perhaps due to risk aversion in the ongoing economic difficulties in the European countries, subdued investor confidence in the Indian market, fear psychosis, speculative forces or a complex of such issues. The Indian tour operators are worried about the steep fall in the value of the

India rupee and its longterm repercussions. For the inbound industry, it means increase in tourist arrivals, but they worry the implications on the macro front. The domestic tour operators are equally a worried lot. The outbound industry, which is facing maximum challenges due to slide in value of rupee, is also concerned about the need to uplift the broader economic sentiments along with the lowering steep tax on the outbound packages. Contd. on page 28

Usha Sharma ADG, Ministry of Tourism

Guldeep Singh Sahni

Sarab Jit Singh

Rajat Sawhney

President, OTOAI

Sr. Vice President, IATO

General Secretary, ADTOI

Prospects of outbound segment are challenging

Negative impact can lead to an economic slowdown

The present situation seems to be very complex

Build biz@WTM Latin America WTM Latin America will target over 1,000 exhibitors and is expecting over 7,000 visitors. The event will also run a targetted regional and international Hosted Buyer Programme. T T B U R E AU

I

n the ongoing uncertain global economic environment, Latin America has emerged as one of the resilient regions that offer immense potential for

global stakeholders in the tourism industry. To tap the potential in this region, Reed Travel Exhibitions (RTE) have announced a global event to tap the tourism potential in Latin America on April

23-25, 2013 titled WTM Latin America. As per Lawrence Reinisch, Exhibition Director, World Travel Market Latin America, “The Latin American travel and tourism

industry has grown rapidly and is poised to grow even faster over the next few years. Latin America attracted 33,127,000 tourists in 2011 rising 5.2 per cent a year to 55,191,000 in 2021. This growth sees the region

top the table of percentage increase in tourism spending over the coming years, rising 7.5 per cent over the period to $70.8bn in 2012, according to the World Travel &Tourism Council.” Contd. on page 5

Usha Sharma has recently taken over as the Additional Director General of Tourism in the Ministry of Tourism. She had previously served the Rajasthan Government for over five years. Previously, she was the Principal Secretary, Tourism, Government of Rajasthan. She had been a leading force behind the Great Indian Travel Bazaar (GITB), which has become one of the most coveted marts in the South East Asia region.


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