“Financial Analysis Of Taj Gvk Hotels & Resorts Limited”

Abstract

According to The World Travel and Tourism Council (WTTC), in the year 2019 the Indian travel and tourism industry contributed 6.8 per cent to GDP. The contribution to employment in India was 8 per cent or approximately 40 million jobs. The travel and tourism industry has to work tirelessly with our partners and the Tourist Department, Government of India to increase tourism so that we can increase our foreign exchange earnings and create more jobs. In 2019 the number of foreign visitors to India totaled 11 million. Over 2.5 million foreign visitors arrived in India on the tourist e-visa scheme, a growth of 24 per cent over the previous year. Foreign visitors from The United States of America contributed 9 per cent, the United Kingdom contributed 6 per cent and Canada and Australia contributed 2 per cent each. However, this share of foreign travelers visiting India relative to other Asian countries continues to disappoint. The Indian travel and tourism industry has to work much harder to attract more foreign visitors to our country