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Market Overview
The Indian economy continues to boom which means more visitors from this market for New Zealand.
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India Market Update
Kiran Nambiar, Regional Manager India & South East Asia - August 2008
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The Indian market grew by 12.5 per cent in the year ending July 2008, with 23,592 visitor arrivals. This number is expected to rise on average by 9 per cent annually between 2008 and 2014.
India’s outbound tourist traffic is expected to reach 16.2 million by 2011. There is an upsurge in the number of high-end travellers from India that prefer exotic locales and untouched territories. New Zealand is a popular destination among honey-mooners and those seeking self-drive itineraries.
The fact that Indians prefer to visit during their summer - during April and May - makes this market an important source of visitors during the autumn shoulder season.
The Indian market has struggled with growth momentum across the full year because of higher airfare costs and a severe shortage of air seats over both Southeast Asia and Hong Kong routes to New Zealand. There is currently no direct air service to New Zealand from India.
Quick Facts:
| Population |
1,147,995,898 (Jul 2008 est.) |
| Key Regions/Cities |
New Dehli, Mumbai |
| Currency |
Indian Rupee (INR) |
| Exchange Rate |
NZ$1 = INR $30.853 (18 September 2008) |
| GDP Growth estimated |
7.7% for 2008/09 (July 2008 est.) |
| Per capita GDP (PPP) |
$2,700 (2007 est.) |
| Forecast average growth in travel to New Zealand 2008-14 |
9% per annum |
Average expenditure per visit
(Holiday Visitors) |
NZ $2,199 (YE Mar 2008) |
| Median length of stay (Holiday Visitors) |
9 days (YE Mar 2008) |
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