Tourism in India has turned out to be a key service sub-sector. Which of the following statements are valid regarding the Tourism sector in India?

I. NIDHI is a technology-driven system meant for providing services to Hospitality and Travel industry.

II. The Government has resolved to make India a one trillion USD tourism economy by 2047 with 100 million international investors.

III. The Hotel Occupancy Rate has been rapidly increasing alongside a consistent rise in the average daily rate and revenue per available room.

IV. India's Services Purchasing Managers' Index (PMI) has been in the expanding zone.

Select the correct answer using the codes given below:

Key Points

• NIDHI is a technology-driven system meant for providing services to the Hospitality and Travel industry, which is a crucial part of the tourism sector in India.
• India's Services Purchasing Managers' Index (PMI) has been in the expanding zone, indicating growth in the services sector, which includes tourism.
• Tourism is a significant contributor to India's economy, and the sector has seen various initiatives to promote growth and improve infrastructure.
• Government policies and initiatives like NIDHI help enhance the efficiency and service quality of the tourism sector, benefiting both domestic and international tourists.

Additional Information

• NIDHI (National Integrated Database of Hospitality Industry)
  • It is an initiative by the Ministry of Tourism to facilitate the collection, collation, and dissemination of information regarding the hospitality industry.
  • This platform serves as a repository for all the stakeholders in the hospitality sector, providing them with valuable insights and data to improve their services.
  • It aims to bring about transparency and efficiency in the tourism sector by leveraging technology.
• Services Purchasing Managers' Index (PMI)
  • It is an economic indicator derived from monthly surveys of private sector companies.
  • The PMI provides information about current business conditions to decision-makers, analysts, and purchasing managers.
  • When the PMI is above 50, it indicates that the services sector is expanding; below 50 indicates that it is contracting.
  • An expanding PMI in the services sector signifies overall economic growth and increased business activity, which includes the tourism sector.
• Government Initiatives in Tourism
  • Several initiatives have been launched to boost tourism, such as the Incredible India campaign, Swadesh Darshan Scheme, and PRASHAD Scheme.
  • These initiatives focus on developing tourism infrastructure, promoting heritage and cultural tourism, and improving the overall tourist experience.