Inbound-Tourism

Incoming tourism is also known as 'inbound tourism.' Incoming tourism means travelers arriving in different countries from their own. Incoming tourism is a valuable source of income for the country and the local economy, because it's not just the hotels and attraction the benefit from the spending power of tourists. Money spreads out to benefit all sorts of local people, for example the money that goes to hotels goes as wages to the waiters, chambermaids, receptionist etc, who then spend it on what they want to Travel & Tourism sector outpaced the global economic growth for the eighth consecutive year in 2018 and grew at 3.9% during the year – higher the global GDP growth of 3.2%. The sector contributed USD 8.8 trillion to the global economy and accounted for 319 million jobs, equivalent to one in every ten jobs. The scale of growth and importance of the sector is also evident from the fact that one in five of all new jobs created in the world over the last five years has been in travel & tourism. The sector has also been an integral part of India’s growth story