G20 Summit Brings Back Global Attention To India’s Travel Sector
As Delhi gears up for the grand G20 Summit this weekend, India’s tourism and travel industry looks back at the year-long summit that helped the sector revive itself. After the pandemic, the sector was looking for a major boost to get back on track and the G20 Presidency of India made the world look at India’s potential as a preferred tourism destination once again.
Sandeep Arora, Director of Brightsun Travel said that hosting a global summit like G20 brings attention to India as a travel destination, promoting tourism and economic opportunities. “The country stands at a unique juncture poised for growth and transformation. One significant outcome can be increased collaboration with other G20 nations in the travel sector. India can leverage this platform to forge partnerships for sustainable tourism development, infrastructure enhancement, and cultural exchange. This will encourage investments in India's travel infrastructure, such as airports, transportation networks, and accommodations, further enhancing its appeal to international tourists.”
He added, “Moreover, the country can share its expertise in managing and promoting responsible tourism with other nations, contributing to global efforts to protect natural and cultural heritage. We also have an opportunity to address unique challenges faced by India's travel industry, such as improving connectivity, ensuring safety, and enhancing the visitor experience. India's hosting of the G20 offers a platform to strengthen its position in the global travel industry, foster international cooperation, and address specific challenges to create a more sustainable and prosperous travel sector.”
Akash Dahiya, Co-founder and CEO of SanKash, a travel based fintech company, said that The gathering of world leaders presents a unique opportunity for India. "As the travel industry evolves, the upcoming G20 summit holds immense significance. The travel and tourism industry is bracing for exponential growth and is aiming to touch the USD 125 billion mark by FY27. The G20 Presidency offers India a golden opportunity to showcase its rich cultural heritage and tourist destinations, ranging from historic spots, monuments, and religious places to picturesque beaches, majestic mountains, wildlife parks, etc., to international tourists.”
He further added that it presents India with a fantastic opportunity to promote its rich cultural legacy and tourist attractions to visitors from across the world, including historical sites, monuments, and religious sites in addition to scenic beaches, breathtaking mountains, wildlife parks, and other natural attractions that will help will showcase India as a leading international travel destination and foster the expansion of the nation's foreign tourism industry.
The G20 summit got a lot of global attention for the lesser known or smaller destinations as well. Bhanu Pratap Singh Rathore, Managing Director, Kanak Jaisalmer, said that G20 Summit is definitely an economic booster for the travel and hospitality industry since in addition to the revenue increase it would motivate the industry leaders and owners to push the envelope in the service sector and other facilities. “The summit is being held at top tourist hotspots across the country and that will work as a great destination marketing move, hence bringing India on the global tourist map. The G20 meetings have created a socio-dynamic union among government and the private sector to increase high-end travellers' footfall in the country.”
As per the industry insiders, the G20 summit has had a considerable impact on the Indian travel industry. The summit has brought about economic reforms, increased foreign investments, and new opportunities for Indian entrepreneurs. This has resulted in a surge in tourism, both domestic and international, as well as increased spending in the travel and hospitality sector. India's profile as a tourist destination has also been raised, creating more opportunities for Indian travel companies to tap into the global market. The G20 summit has also given rise to new policies, such as e-visas, which have made it easier for Indian travellers to visit foreign countries. Overall, the G20 summit has been a major boon for the Indian travel industry, driving a new wave of economic growth and development.
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