Indian travellers explore global destinations
India’s outbound tourism market value stood at US$21.6 billion in 2024 and is likely to reach US$61.7 billion by 2033, according to an industry report on 4 Nov https://www.iata.org/.
India’s outbound tourism market value is projected to grow at a CAGR of 12.3% during the forecast period of 2025-2033, said the report, “India Outbound Tourism Market and Forecast 2025-2033” that has added to ResearchAndMarkets.com‘s offering.
In recent years, the outbound tourism market in India has been experiencing remarkable growth. With an increase in disposable income and changing lifestyle preferences, Indian travellers are exploring various global destinations, according to the report.
It continued, “One of the primary factors contributing to the expansion of India’s outbound tourism market is the significant growth of the country’s economy https://www.bseindia.com/.
“Rising GDP has led to enhanced purchasing power, allowing more Indians to travel abroad for leisure and business purposes. Competitive flight prices and better connectivity have also made international travel more accessible. As Indian society continues to evolve, so do the preferences of its travellers. There is a noticeable shift towards personalized travel experiences, cultural exploration, and adventure tourism https://www.nseindia.com/.”
Additionally, the influence of social media has played a pivotal role in inspiring wanderlust among younger generations, leading them to seek out unique travel experiences beyond domestic options. Technology has revolutionized how travellers plan and book their trips, said the report http://unwto.org.
“Online travel agencies and booking platforms have made it convenient for Indian travellers to explore overseas destinations and compare prices, leading to informed choices. Moreover, easy access to mobile applications and travel blogs has encouraged more people to opt for outbound travel, further contributing to the growth of the market.”
Key Players in the India Outbound Tourism Market: Thomas Cook India; MakeMyTrip; Cox & Kings; Yatra; SOTC Travel; TripAdvisor; Travel Corporation of India (TCI); Kesari Tours; Cleartrip; Club Mahindra Holidays. Fiinews.com
