We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byMariela Pitt
Modified about 1 year ago
© Euromonitor InternationalPASSPORT 1TRAVEL AND TOURISM: CITY TRAVEL BRIEFING - MUMBAI INTRODUCTION Key findings High population Mumbai is the fourth most populous city in the world, with a total metropolitan population of 20.5 million. Lucrative investment Destination The city is the most promising real estate investment destination in Asia Pacific, with a very strong outlook. Luxury destination Most of the hotels in Mumbai offer world class services, and cater mainly to business travellers and high-end leisure tourists. Risk of terror attacks Mumbai faced terror attacks in July 2011, which resulted in a slowdown in the inflow of tourists during the months of August and September. International and national conferences Mumbai hosts the highest number of international conferences in India, and this attracts business tourists. The city is also well-known for organising leisure events, which attract international and domestic tourists. Financial and commercial capital India’s most important stock exchanges are located in Mumbai. These include the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Expensive real estate Mumbai is ranked among the top 10 cities in the world for the cost of office property. Average housing costs are also among the highest in India. Film city – “Bollywood”Mumbai is referred to as the Bollywood capital, as it is home to most of the key players involved in film-making, including production houses, producers, directors and actors.
© Euromonitor InternationalPASSPORT 2TRAVEL AND TOURISM: CITY TRAVEL BRIEFING - MUMBAI STRENGTHS OPPORTUNITIES WEAKNESSES THREATS As the financial capital of India, Mumbai attracts both inbound and domestic business tourists. Most international and national financial institutions have key offices in the city. Business hub As the international gateway to southern and western India, Mumbai acts as a transit hub for foreign tourists hoping to explore the beaches of Goa or the Kerala Backwaters. Gateway to western and southern India Cheaper means of public transportation are not conducive to tourist travel as they are often crammed with local commuters. Traffic jams due to vehicle congestion and road construction also deter tourists from exploring the city Public transportation and infrastructure Mumbai is strongly positioned as a luxury destination, making it less accessible to budget travellers and more vulnerable during times of economic crisis, when tourists are more likely to seek budget destinations. Inadequate offer for budget travellers With India’s economy expected to continue growing at a rapid rate, Mumbai will have a higher proportion of wealthy Indians willing to travel overseas for vacations. Booming economy Mumbai is used as a transit hub by international tourists visiting Goa, and could promote Marine Drive, and other famous shopping areas, such as Colaba, to attract these tourists. Transit Hub Its neighbouring state of Gujarat is making substantial investments to lure MICE travellers. Aurangabad is overhauling its monuments, airports and roads to attract leisure tourists. Competing destinations As the financial capital of India, Mumbai continues to be heavily reliant on business tourists, both domestic and international. Any financial slowdown is likely to hit tourism significantly. Heavy reliance on business tourists SWOT: Mumbai KEY FACTS
© Euromonitor InternationalPASSPORT 3TRAVEL AND TOURISM: CITY TRAVEL BRIEFING - MUMBAI Mumbai Arrivals by Country 2010/2011 ‘000 trips20102011 % Growth 2010/2011 Western Europe7617802.58 North America4694894.24 East Asia14917013.59 Africa1631756.89 West Asia1551655.98 Southeast Asia9510611.09 Australasia1842018.76 Eastern Europe47518.03 South Asia1411463.09 Central and South America 606812.83 TOTAL2,2242,3497.02 A total of 2.4 million tourists travelled to Mumbai in 2011, compared to 2.2 million in 2010. Growth in 2011 was around 7%, which is comparatively lower than growth in 2010. The major causes for lower growth were the terrorist attacks in July, which impacted both inbound and domestic tourism. The UK and the US remained the largest source countries, with around 17% of arrivals in 2011. Historically, these two countries have led arrivals; however, they have lost share year-on-year. East Asia and Southeast Asia were the two fastest growing source markets in 2011. Mumbai is the starting point for tourists exploring central and south India. Mumbai hosted three matches during the ICC Cricket World Cup in 2011, including the final, which attracted many tourists. Inbound arrivals suffer lower growth after the terrorist attacks TOURISM FLOWS
© Euromonitor InternationalPASSPORT 4TRAVEL AND TOURISM: CITY TRAVEL BRIEFING - MUMBAI Business and MICE arrivalsLeisure destination Business arrivals to Mumbai account for about 70% of the total. These are driven in part by trade events and conferences taking place throughout the year. Mumbai is also a key business hub and home to a number of national and international companies’ regional headquarters, such as Aditya Birla Group and Reliance Industries. The city is well equipped with business hotels and convention centres to cater to business tourists. The US and UK lead business arrivals in Mumbai. Most business travellers from the US visit Chennai and Bangalore, the IT hubs. Leisure arrivals to Mumbai are driven by the tourist attractions available in the Mumbai and Aurangabad circle. These range from heritage sites, including the Ellora caves, to religious sites, such as Shirdi. Mumbai is also popular for shopping, with a number of shopping malls in the city, where many major fashion, electronics and other brands are found. South Mumbai, including Colaba, is well known for street shopping and therefore attracts leisure tourists. Business leads visitor demand TOURISM FLOWS
© Euromonitor InternationalPASSPORT 5TRAVEL AND TOURISM: CITY TRAVEL BRIEFING - MUMBAI The number of domestic tourists in Mumbai has been growing continuously over the years, in line with the growth of domestic tourism in the country. The number of domestic tourists grew by a CAGR of 10% between 2006 and 2011, and is expected to grow at a CAGR of 9% during the period 2011- 2016 The 2011 Cricket World Cup contributed to growth in domestic trips. The leading cricket stadium hosted 33,000 spectators and over 70% were domestic tourists. Mumbai has a higher number of domestic business trips than Delhi by virtue of being the financial capital of the country, and business accounts for the majority share of total tourism. Mumbai attracts many domestic leisure tourists because of the temperate climate, proximity to the ocean as well as to Goa, and its status as the film capital. Tourists from north India visit Mumbai especially during the winter months of December and January Domestic tourism is fast growing TOURISM FLOWS
East Asia. Consists of North and South Korea, the People’s Republic of China, Japan, the Republic of China (Taiwan), Hong Kong, and Macau Greatest growth.
Tourism in India A service sector growth industry.
An Introduction to the Tourism Geography of Europe
Australia Tourism. Australia has developed strong global links through its tourism and sport. Both industries are of great economic importance to Australia.
The Growth of Residential/Commercial Real Estate in Chennai.
INTERNATIONAL CONVENTION WORLD FEDERATION OF TOURIST GUIDE ASSOCIATIONS WFTGA 2013 Macau, China January 2013 Mr. Márcio Favilla L. de Paula Executive.
Tourism arrivals performance for March 2011.
WTO - Europe Year 2003 : Will tourism pick up again? Presentation by Luigi Cabrini, Regional Representative for Europe World Tourism Organization (WTO)
Global Tourism Development Achievement standard 3.7 Introductory information.
China’s Tourism Boom By Bruce Einhorn. China's new wealth has created a new kind of world traveler, the Chinese tourist. Both inbound and outbound tourism.
In what ways have the global pattern of tourism changed? 1.Changes in location and type of tourism in last 50 years. 2.The social, economic and political.
Travel and Tourism in an Australian Context. Australia has developed strong global links through its tourism and sport. Both industries are of great economic.
TOURISM IS THE BIGGEST INDUSTRY IN THE WORLD! BIGGER THAN AUTOMOBILES, DEFENCE, AGRO AND MANUFACTURING.
As one grows so does the other – but which is the CAUSE and which the EFFECT? There is a positive correlation between economic development and the growth.
CITY TRAVEL BRIEFING: VENICE July © Euromonitor InternationalPASSPORT 2TRAVEL AND TOURISM: VENICE Key findings INTRODUCTION Cultural offer Art and.
POINTS TO BE COVERED : 1.INTRODUCTION TO TOURISM 2.WORLD TOURISM 3.COMPONENTS OF TOURISM INDUSTRY 4.TYPES OF TOURISM 5.NEW PRODUCTS OF TOURISM 6.INDUSTRIAL.
The Nation Publishing Co. Limited The Nation Publishing Co. Limited. More Reach, Better Results Greater Value!!
Travel Patterns and Trends (chapter 2) Oğuz Benice THS Introduction To Tourism Industry Fall 2005.
With Travelauto it is easy to choose budget car rentals and get cheap car rental in any part of the World including the USA, UK, UAE,
How the process is significant for people: Economic Impacts of Tourism.
W H E R E O P P O R T U N I T I E S E M E R G E 11 Regional Differences in Doing Business In Ukraine Dr. Edilberto Segura Partner and Chief Economist,
The demand for houses for sale in Mumbai. Mumbai is one of the best options for those who want to invest in the real estate. The Indian Hollywood, The.
Skycargo.com Ram C. Menen Divisional Senior Vice President Cargo Mumbai, India 24 th January 2008 Emerging Market: The Road Ahead.
Starter: Write down your favourite UK (Domestic)tourist location. Say why this is so.
Economic Geography How Economies Change Over Time.
The Gulf A hyperconnected hub Cameron Dunn. The Gulf: a hyperconnected hub Geographical position The Persian Gulf is ideally positioned to be a hub, or.
Shopping : Subsidiary activity to travel Shopping Tourism : Leisure Pursuit International Shopping Travellers + Shopping = choice of destinations.
1 Financing Tourism Development Owen Willcox | Chief Director: Economic Services, National Treasury 31 March 2015.
Travel and Tourism (T&T) - the world’s largest industry Share of world: % of Total (2000) GDP11.0 Employment8.0 Exports7.9 Capital Investment9.4 A powerful.
ANALYST BRIEFING WEDNESDAY 5 TH DECEMBER GLOBAL TOURISM TRENDS ( 8 months to August 2007 ): Tourism growth for Europe remains unchanged at 4% Source:
Global Trends in Adventure Tourism Gavin Bell. Tourism in 2016 International tourism arrivals reached 1.2 Billion in 2015 Tourism accounts for 30% of.
Travel and Tourism in Spain to 2020 The report focuses on global major leading industry players with information such as company profiles, product picture.
Cape Town 10 October, 2001 The System Durban Port Elizabeth Johannesburg Pilanesburg Cape Town Upington Bloemfontein Kinberly East London George International.
Halaltripinfo.com Your Guide for Halal Tourism in India.
Tourism Development and its role in Local Economic Development (LED) Berman Group September 2011
The Tourism Geography of Austria, Germany and Switzerland.
Ilisoni Vuidreketi CEO, South Pacific Tourism Organisation Asia Pacific Regional Consultation on the Sustainable Tourism Programme of the 10-Year Framework.
The Tourist Trade. Who is Coming to America? International Arrivals to the U.S. Note: The category “Overseas” does not include North America. “North.
WEST END COMMISSION 29 TH NOVEMBER WHO ARE WE? London & Partners is the official promotional organisation for London, incorporating the official.
RECENT WORLDWIDE ACCLAIM “Prudent fiscal policies ” World Bank 2014 “ Remains an excellent opportunity for investment” McKinsey “ An economy driven by.
HOSPITALITY INDUSTRY IN INDIA. HOSPITALITYINDUSTRYHOSPITALITYINDUSTRY Hotel Industry Travel and Tourism Industry Hotels Restaurants Star Rated Hotels.
Building a case for Africa by Michele McCann - NAPAfrica Protect. Connect. Grow.
A few Issues Highlighted in this presentation Inflow from different regions of the world Predominance of a few regions Seasonality in tourist inflow Estimated.
"Forces of change in world tourism. The role of governments, enterprises and the need for p-p partnerships" Carlos Vogeler Chairman Affiliate Members UNWTO.
The Tourism Geography of France. Learning Objectives 1.Appreciate the social and economic changes that have taken place in France and understand their.
Changing Patterns Of International Tourism. Changing Patterns Traditionally International Tourism has been dominated by Western Europe, as both a receiving.
January 2015 GLOBAL COMPETITIVENESS FORUM At the Crossroads How Saudi Arabia can Leverage its Unique Position and Become a Leader in Global Transport Dr.
GLOBAL BUSINESS AND LEISURE TOURISM. THE TRAVELER SEES WHAT HE SEES. THE TOURIST SEES WHAT HE HAS COME TO SEE. - G.K. Chesterton.
Information on this slide is confidential and strictly for use by IE Singapore officers only. It should not be used or referred to by third parties without.
The relative importance of tourism. Global Tourism Tourism accounts for 9% of global GDP (includes indirect) 1 in 11 jobs rely on tourism 1.1 billion.
© 2017 SlidePlayer.com Inc. All rights reserved.