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Kaur, Mandeep
- Growth and Development of Indian Tourism Industry
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Authors
Affiliations
1 Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar, Punjab.
1 Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar, Punjab.
Source
Journal of Hospitality Application and Research, Vol 7, No 2 (2012), Pagination: 14-24Abstract
The importance of tourism to economic development has been recognized widely due to its contribution to the balance of payments, GDP and employment. Since last few years, Indian tourism industry has been growing at a rapid pace and it has vast potential for generating employment and earning large amount of foreign exchange. So it is imperative to study the growth and development of Indian tourism industry. In the present paper the growth and development of Indian tourism industry has been studied. For this purpose, data has been collected from secondary sources such as Bureau of Immigration, Ministry of Tourism, Govt. of India and World Travel and Tourism Council. To analyze the collected data, Compound Annual Growth Rate (CAGR) has been calculated. Results showed that tourism is the largest service industry in India, with a contribution of US$34.008billion to the national GDP and 7.4 percent to the total employment in the year 2011. India witnessed more than 5 million annual foreign tourist arrivals and more than 740 million domestic tourist visits in the year 2011. Moreover, it is suggested that the central and state government should take initiatives to develop tourism in India.Keywords
Growth, Development, India, Tourism IndustryReferences
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- Hedging Effectiveness of Futures Contracts:A Study of Select Stocks in Indian Tourism and Hospitality Sector
Abstract Views :247 |
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Authors
Mandeep Kaur
1,
Kapil Gupta
1
Affiliations
1 Department of Management, I. K. Gujral Punjab Technical University, Kapurthala, Punjab, IN
1 Department of Management, I. K. Gujral Punjab Technical University, Kapurthala, Punjab, IN
Source
Journal of Hospitality Application and Research, Vol 13, No 1 (2018), Pagination: 1-15Abstract
This paper investigates the hedge effectiveness of futures contracts of tourism and hospitality sector in India using four sample stocks namely, ADANIPORTS, APOLLOHOSP, CONCOR and JETAIRWAYS, traded at NSE, for which data has been collected from January 1, 2016 to December 31, 2017 for near month futures contracts. The optimal hedge ratio is estimated using five specifications: naive, ordinary least square, autoregressive moving average ordinary least squares, vector autoregression and vector error correction. The study finds that one-to-one naive model provides superior hedging effectiveness over all the other models, implying equal investment in both spot and futures market to achieve highest effectiveness. Overall, the study finds that tourism and hospitality sector provides an effective platform for hedging with futures contracts.Keywords
Tourism, Hospitality, Futures Contract, Hedging Effectiveness and Optimal Hedge Ratio.References
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