With India looking to become a one trillion-dollar tourism economy by 2047, the Ministry of Tourism is looking to draw domestic as well as foreign investment in the sector to help meet the ambitious target.
With this objective in mind, the Ministry of Tourism is organising the maiden edition of the Global Tourism Investors’ Summit (GTIS) in New Delhi later this year in partnership with investment promotion agency Invest India and Confederation of Indian Industry.

The event is expected to attract investments in different segments including hotels, theme parks, amusement parks, skiing destination infrastructure and skill development.
India’s tourism minister, G Kishan Reddy, said: “GTIS will help to position India as an ideal investment destination for tourism and hospitality projects. The participating Indian states will be able to showcase their investment-friendly projects to potential investors at the event.”
Reddy made the remarks while speaking at a recent roadshow in New Delhi organised as a precursor to GTIS. A senior official from the ministry present at the roadshow did not divulge details of expected investors at GTIS when asked by TTG Asia.
As per the estimates of the Federation of Associations in Indian Tourism & Hospitality, India will require an additional supply of five million rooms by 2047. This will require an investment of about US$300 billion.
However, for this ambition to come true, industry stakeholders say there is a need to make policy changes, such as introducing single-window clearance for projects and simplifying licensing regime to create a conducive environment for investment.
“Single-window clearance for hotel projects will improve operational ease. The number of licenses required to run a five-star hotel is somewhere between 35 and 45 in one year, which is a major challenge. Such bottlenecks have to be addressed to attract investment in the sector,” opined Kush Kapoor, CEO, Roseate Hotels & Resorts.
India also needs a cruise tourism policy, remarked Ratna Chadha, co-founder and chairperson, TIRUN Travel Marketing – the India representative of Royal Caribbean Cruises.
“At present, we have different policies in different states where a vessel is going through. A standardised policy across the states will help to attract investors,” she added.
India currently allows 100 per cent foreign direct investment (FDI) in tourism construction projects, including the development of hotels, resorts and recreational facilities. According to Ministry of Tourism statistics, in the last eight years from 2014 to 2022, India has received FDI inflows worth US$9.2 billion in the hotel and tourism sector.














Currently the executive vice president for customer experience, marketing & investment facilitation group at the Economic Development Board (EDB), Ow played a key role in transforming the organisation’s B2B sales and marketing model.












Silversea Cruises will enter travel advisors into a weekly lucky draw when they make a new confirmed booking on any expedition cruise during the months of May and June, as part of a new incentive for its Travel Partner Appreciation Month.
One winner will be selected for each week in May and June, with a gift card up for grabs.
Massimo Brancaleoni, Silversea’s senior vice president of global sales, said: “Travel Partner Appreciation Month is a special time for us to show our appreciation and reward our travel advisor partners for their loyalty and efforts.
“Although it kicks off in May, our incentives continue through June, marking our continuous appreciation for our travel partners and the important role they have played in our success for nearly three decades. This appreciation campaign focuses on our expedition cruises, which provide clients with uniquely immersive travel experiences that can lead to repeat business and, due to the higher per diem fares of our expedition voyages, enable travel advisors to earn more in commission.”
Concurrent with Travel Partner Appreciation Month, Silversea is offering exceptional value to travel advisors’ clients with its limited-time Suite Upgrades promotion for new bookings made by May 31, 2023. Available with door-to-door all-Inclusive fares on select voyages departing before May 31, 2024, the offer provides up to a two-category suite upgrade on select voyages, for selected suite categories, as well as a US$1,000 (or US$500 per person, limited to two guests per suite) shipboard credit per suite.
Furthermore, travel advisors have more opportunities to earn when they book Silversea cruises now. An extra one per cent commission is given out with all expedition cruise bookings and bookings from new-to-brand guests and those who book for a second time with Silversea through the same agency.