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The travel market is fragmented, says Technavio
India’s travel services market is poised to grow by US$56 billion, a CAGR of about 19% during 2020-2024, according to Technavio.
COVID-19 will have a low impact on the travel services market, said the Technavio report on 14 Dec 2020.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period, it said.
Although the rise in international tourist footfall will offer immense growth opportunities, a significant price war led by stiff competition among players is likely to pose a challenge for the market vendors.
In a bid to help players strengthen their market foothold, this travel services market forecast report provides a detailed analysis of the leading market vendors, said the report “Travel Services Market in India 2020-2024”. #travel #economy #markets /fiinews.com
