Essential India Translation:

A Lakh | One hundred thousand units

(also Lac or Lacs) A very common numerical reference in Indian business dealing, particularly when referring to money or passenger numbers in India.  In the Indian convention of digit grouping, it is written as 1,00,000. In use “one lakh rupees

INDIA MARKET SERVICES

A market of immense potential, however it is often overlooked for other source markets in the region.

PATA estimates 12.5 million Indians travelled abroad in 2010 and by 2020, predicts the World Tourism Organisation, India will account for 50-million outbound travellers. In 1997, India’s outbound market, the fastest growing in the world, stood at 3.7 million visitors. This year, it is estimated to touch between 13 million and 15 million.

“Greater spending power has resulted in Indian families taking multiple international holidays in a year,” says Thomas Cook India COO Madhav Pai.

MARKET SUMMARY

  • A relatively low-cost entry to market can result in clear gains very quickly.
  • The scale of the industry matches the size of the country. With 1000s of hybrid Retail/Wholesale operations, the lines are blurred between the 2 and can be difficult to navigate. Through years of developing clients in this market there is a strong understanding of this vibrant market in our team.
  • Amadeus-Frost & Sullivan tourism industry report says Indians travelling to the Asia-Pacific alone spent $13.3 billion in 2011. This figure is set to reach $91 billion by 2030, making Indians the second-highest spenders, after China.
  • Tourism Australia hopes to achieve 300,000 Indian tourists by 2020. South Africa Tourism Board too says India has become one of the key tourism generating nations for their country. Indian tourist arrivals to Thailand crossed the 1-million mark for the first time in 2012.

TRADE REPRESENTATION

Travel trade representation in India includes:

  • Wholesale product launch/developments
  • Product marketing development through retail
  • Travel trade workshop/seminar and roadshow representation
  • Internal trade marketing through travel trade press
  • on-road sales call scheduling and maintenance
  • Promotional brochure and collateral development/creation
  • Website, social media strategy and implementation

Contact RTE