As per Future Market Insights (FMI), the India outbound tourism market is poised to reach a valuation of US$ 15.16 Billion in 2022. Sales are projected to increase at an 11.4% CAGR, with the market size reaching US$ 44.79 Billion by 2032.
Foreign tourist boards are preparing to accommodate the increasing number of Indians who are travelling overseas and overspending. The initial step is to start direct flights. There is encouraging news from the travel and tourism industry and a slow economy. India is now the outbound market with the most significant growth rate in volume, coming in second only to China.
The South African tourism board agrees that India has emerged as a significant source of international travel. The number of Indian tourists visiting Thailand surpassed 1 million for the first time. Thai Airways has begun offering direct flights between Delhi and Phuket and Mumbai and Phuket to meet the growing demand from Indians seeking vacation and destination wedding locations.
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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.
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.
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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)
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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