Published on : Wednesday, March 1, 2017
However, the industry body has specified that achieving this ambitious goal would only be possible if the southern Indian state promotes more inclusive tourism policies to usher in a fresh degree of tourism and infrastructure development. It has also stated that Karnataka has been able to acquire the third highest share in investments that have been attracted by the hospitality sector.
The domestic tourist arrivals in Karnataka is likely to rise at a rate of about six percent, witnessing the latest trends in the increase of domestic tourist visits along with an improvement in the scenario of physical infrastructure, increasing tourism promotion by the state government, rise in the income of the regional inhabitants of India.
This research that is being conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) Economic Research Bureau had been released to the media here.
According to this research, Karnataka had recorded more than six lakh international tourist arrivals in the year 2015. It had achieved a year-on-year growth of nearly 13%. Shivakumar, the ASSOCHAM Karnataka Regional Development Council Chairman said that the state government should look at promoting tourism circuit concept by grouping a few tourism destinations.
According to the research report, there has been a 12% share in total investments that was attracted by the hotels and tourism industry across the country.
In this survey, Karnataka had ranked third after Maharashtra (17%), followed by Gujarat (14.5%). This Indian state had attracted investments worth over Ts. 11,000 crore of the total outstanding investments that were worth Rs. 93,400 crore that was attracted by the hotels and tourism industry in India as of June 2016.