The market for outbound tourism from India is expected to grow at a 11.4% CAGR from 2022 to 2032, with a projected value of US$ 15,163.4 million in 2022. The primary reason for the market’s rise is the growing inclination of Indians, particularly millennials, to travel abroad prior to reaching the age of sixty. The market will see further growth in demand due to expanding business and educational prospects in the United States, Germany, the United Kingdom, Japan, and Italy.
Additionally, throughout the projected period (2022 to 2032), nations like Europe and Latin America would support the expansion of India’s outbound tourism industry by enhancing their tourism in order to boost their businesses. Because of this, it is anticipated that by the end of 2032, market sales will have surpassed US$ 44,799.9 million.
Further, the demand for packaged holidays offered by companies such as Cox & Kings is rising as more Indians travel overseas for the first time. Indian travelers are growing more daring and like to customize their travels by selecting unexpected locales and novel activities. To improve the outbound tourist business, the government might take measures like increasing direct links to popular and emerging places, permitting foreign cruise ships to sail in Indian waters, and making deliberate and coordinated efforts on several fronts.
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Key Takeaways from the India Outbound Tourism Market Study:
- European and North American destinations, is currently dealing with issues like exceptionally long visa processing times and scarce air connectivity with high prices.
- Top three tourist destinations for Indians are expected to be Thailand, Singapore, and the U.S.
- Business travels and holiday/leisure are the most popular purpose types in the India outbound tourism market
- Online booking channels is expected to dominate the India outbound tourism market in terms of booking channel.
Key Players:
- Orbit
- Thomas Cook
- SOTC Kuoni
- Raj Travels
- In Orbit Tours
- Cox and Kings
- TCI
- Kesari
- Travelmart India
- Riya Travels
- Akbar Travels
- BTI Sita
- BCD Travels
- Mercury Travels
- Gold Chip
- Kesari
- Amadeus ( as per request)
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15747
India Outbound Tourism Market By Category
By Purpose Type:
- Business
- Holiday/Leisure
- VFR & Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Tourism Type
- Cultural & Heritage Tourism
- Medical Tourism
- Eco/Sustainable Tourism
- Sports Tourism
- Wellness Tourism & Others
By Tour Type:
- Independent Traveller
- Package Traveller
- Tour Group
By Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
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