Museum Tourism: Market Growth and Trends in India
Published: 2024
Author(s) Name: Jitendra Singh, Shalini Nain, Shweta Malik, Kumar Siddharth |
Author(s) Affiliation: School of Hotel Mgt. Catering & Tourism, IIMT University, Meerut, Uttar Pradesh, India.
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Abstract
Purpose: This paper examines the museum tourism market share and trends in India and emphasizing growth and evolution.
Design, Procedure, and Strategy: The focus of analysis is on the individuals who visit the National Museum in New Delhi. Using the mega search engine to look for academic materials in prominent scientific databases resulted in finding the greatest number of scientific publications.
Findings: Per the latest data from future industry insights (FMI), the museum tourism sector is projected to expand at a 13% compound annual growth rate (CAGR) over the period of 2022 to 2032, increasing from an estimated USD 20.0 billion in 2022 to USD 35.0 billion by 2032.
Originality/Value: This is one of the first studies to extend the theoretical relevance of the, museology and museum tourism in India still require improvement.
Keywords: CAGR, Indian Museology, ICOM, Ethnography, Eco-Museum etc.
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