India Travel Market Data Sheet 2023-2027

Summary

The Indian travel market experienced strong growth in 2023, with gross bookings rising by 12% to $37.8 billion. This momentum is projected to continue, driven by rising travel international demand and higher prices. Online bookings are increasingly dominant, with growth expected to continue through 2027. Online travel agencies (OTAs) maintain a significant presence, particularly in the air and hotel sectors, with OTAs expected to gain market share over suppliers in the coming years. With its expanding middle class and robust economy, India’s travel landscape is set for sustained growth, presenting opportunities for both domestic and international travel providers.

This data sheet provides quick and easy access to updated India travel market sizing data and projections from 2019-2026, including online and total markets, segments and major distribution channels. Much of the data included here, along with expanded analysis, is also featured in Phocuswright’s India Travel Market Report 2023-2027.