Report India Travel Market Report 2023-2027

India Travel Market Report 2023-2027

Published:
October 2024
Research Type:
Report
Figures:
27
Segments:
Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail
Regions:
Asia Pacific
US$795

Free for Open Access Subscribers

Add to Cart

Summary

Part of the Asia Pacific Travel Market Report 2023-2027 series, Phocuswright’s India Travel Market Report 2023-2027 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 this Asia Pacific Travel Market Report 2023-2027 series, the following reports (available now or publishing soon) are automatically included with the purchase of the series at no additional cost:

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.

Analysts
Coney Dongre
Coney Dongre