Differentiate between Inbound and Outbound tourism. Give an account of the general trends in inbound and outbound tourism in the context of India. 

Word Count : 1048

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Inbound and outbound tourism have an important impact on a country's financial health. When a country attracts a lot of inbound tourism, the tourists spend money on souvenirs, hotels, dining and other amenities. This creates jobs, and through consumption taxes, it adds additional money to that country's coffers.

Outbound tourism generates some money in the country of origin – outbound tourists buy things such as travel insurance, plane tickets and new travel clothing from their home country. However, ultimately, outbound tourism takes financial resources out of the home country and gives them to the destination country.

If a country has more inbound than outbound tourism, it has a travel trade surplus, and a country with a travel trade surplus can consider tourism to be a very lucrative export. However, that does not mean that a country should not encourage outbound tourism. There are intangible effects of both inbound and outbound tourism, and these include learning about the surrounding world and fostering positive relationships between countries.

Merubhai Bharwad, a farmer from Dholka near Ahmedabad is busy planning his next international trip, one that he plans to take in around a year's time to Canada. Bharwad is an avid international traveller — he has travelled with friends and family to locations in South Asia mostly and claims to take one foreign trip in about two years. "One has plan in advance and do some cash flow management to be able to save enough for an international trip," says Bharwad who is a graduate in commerce and prefers group tours.

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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts in Tourism Management
Course Code : MTM
Subject Name : Understanding Tourism Markets
Subject Code : MTM 9
Year : 2022