Report India Travel Market Report 2022-2026

India Travel Market Report 2022-2026

Published:
February 2024
Research Type:
Report
Figures:
27
Segments:
Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail
Regions:
Asia Pacific
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Summary

India continues to be one of the fastest growing major economies globally. After nearly collapsing due to COVID-related shutdowns and restrictions in 2020 and 2021, India’s travel market witnessed a strong rebound in 2022. Gross bookings for the India travel market grew 72% to $33.2 billion in 2022, ultimately surpassing pre-pandemic totals, and double-digit gains were projected for 2023 as well. While travel gross bookings are not even across all segments, online penetration continues to climb. Sustained growth is anticipated through the rest of the forecast period.

Phocuswright’s India Travel Market Report 2022-2026 provides a comprehensive view of the India travel market, including detailed market sizing and projections, distribution trends, analysis of major travel segments, key developments and more.

Part of the Asia Pacific Travel Market Report 2022-2026 series, Phocuswright’s India Travel Market Report 2022-2026 provides a comprehensive view of the India travel market, including detailed market sizing and projections, distribution trends, analysis of major travel segments, key developments and more.

With the single purchase of the Asia Pacific Travel Market Report 2022-2026 series, the following reports (available now or publishing soon) are automatically included at no additional cost:

Analysts
Coney Dongre
Coney Dongre