Brokerage firm Jefferies has estimated in one of its reports that with large-scale spending on infrastructure like the airport, this city of Uttar Pradesh will develop into a major tourist centre.
With the grand inauguration of Ram temple in Ayodhya, at least five crore tourists are expected to visit the city every year. This number is much more than the number of devotees visiting the Golden Temple and Tirupati Temple. Brokerage firm Jefferies has estimated in one of its reports that with large-scale spending on infrastructure like the airport, this city of Uttar Pradesh will develop into a major tourist centre.
According to the report, due to a new airport, expanded railway station, residential schemes and better road connectivity along with new hotels and other economic activities, more than five crore tourists can come here every year. According to an estimate, 3-3.5 crore people visit the Golden Temple of Amritsar every year, while 2.5-3 crore people visit the Tirupati Temple. Globally, Vatican City receives approximately 9 million tourists each year and Mecca in Saudi Arabia receives approximately 20 million tourists each year.
According to Jefferies, 'Religious tourism is still the largest segment of tourism in India. Many popular religious centers attract 1–3 crore tourists every year despite infrastructure constraints. Therefore, creation of a new religious tourism center (Ayodhya) with better connectivity and infrastructure can create a huge economic impact.'
The report said that tourism contributed $ 194 billion to the GDP during the financial year 2018-19 (pre-Covid) and it is expected to grow at the rate of eight percent to $ 443 billion by the financial year 2032-33. According to reports, Phase-1 of the new airport in Ayodhya has become operational and can handle 10 lakh passengers. The railway station has been expanded to handle 60,000 passengers daily.
At present there are about 17 hotels in Ayodhya with 590 rooms. Apart from this, 73 new hotels are being built. Indian Hotels, Marriott and Wyndham have already signed agreements to build the hotel. ITC is also exploring possibilities in Ayodhya. Oyo plans to add 1,000 rooms in Ayodhya.
Published – January 22, 2024, 04:50 IST
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